Office Units with Conference
For Lease
$16 SF/Yr CAM $2.00 /USD/SF/YR
1040 Monarch Street, Lexington, KY 40513
COMMERCIAL - Lexington, KY
Space SizeContact for details
Lot Size1.20 Acres
Days on Market82
Property Features for 1040 Monarch Street
General Information
Property type
Commercial Lease
Property subtype
Office
Zoning description
Professional office
Subdivision
Commercial
Directions
Harrodsburg Road to Beaumont Circle to Monarch Street
Standard status
Active
APN
38082820
Size
3,792 SF
Lot size
1.20 Acres
Building Details
Year built
2001
Floors in Building
3
Listing Agency:
The Gibson Company
(859) 224-8833
Listed By:
Ernie B Arnold
(859) 312-3598
Added: Jun 10
Changed: Aug 19
Last Checked: Aug 30 at 2:06PM
MLS# 26013474
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Investment Insights
Based on property information with market context.
This 3,792-square-foot office property, built in 2001, is arranged for a range of professional workspace needs. The interior includes six offices, a central open area, a reception area, a large conference room, kitchenette, storage and file room, and dedicated IT server room. Two entrances provide separate access points within the suite configuration.
The property is located at 1040 Monarch Street in Lexington, Kentucky, 40513. The office layout combines enclosed rooms with shared administrative and meeting areas, while the kitchenette, storage space, and server room add practical support functions for daily operations.
The property is located at 1040 Monarch Street in Lexington, Kentucky, 40513. The office layout combines enclosed rooms with shared administrative and meeting areas, while the kitchenette, storage space, and server room add practical support functions for daily operations.
Key Highlights
- 3,792 square feet of office space
- Six private offices plus a large central open area
- Reception area and large conference room
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$2.40 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
1,702
Businesses Nearby
Explore this area
Business Placement
Demographics for 40513, KY
11,244
Population
4,734
Households
2.4
Avg Household Size
45
Median Age
71%
College-Educated
98%
High-School Grad
14.7 sq mi
ZIP Area
765
Density / Sq Mi
$126,642
Median Household Income
$76,503
Median Earnings
$1,413
Median Rent
$448,100
Median Home Value
Market
Lease Benchmarks for Lexington, KY
$24.25 /SF/Yr
Avg Asking Price
$1.68–$136 /SF/Yr
Price Range
9,638 SF
Avg Space Size
This space is priced 34% below the average of $24.25 /SF/Yr.
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Configured workspace includes private offices, collaborative area, support rooms, and separate access points.
Where is this office units located?
The property is located at 1040 Monarch Street Lexington, KY.
What is the lease rate?
The lease rate is $16 SF/Yr.
What are key features of this property?
This property features: 3,792 square feet of office space; Six private offices plus a large central open area; Reception area and large conference room
