Warehouse with Dock-High
For Lease
$7.50 SF/Yr CAM $1.05 /USD/SF/YR
2592 Palumbo Drive, Lexington, KY 40509
COMMERCIAL - Lexington, KY
Space Size42,000 SF
Lot Size2.10 Acres
Days on Market101
Property Features for 2592 Palumbo Drive
General Information
Property type
Commercial Lease
Property subtype
Other
Zoning description
I-1 - light industrial
Subdivision
Commercial
Directions
New Circle Road, Right on Palumbo
Standard status
Active
APN
23035919
Size
42,000 SF
Lot size
2.10 Acres
Building Details
Year built
1984
Floors in Building
1
Listing Agency:
The Gibson Company
(859) 224-8833
Listed By:
Kevin Verhoven · License #58263
(859) 224-8833
Added: May 22
Changed: Aug 4
Last Checked: Aug 30 at 3:06AM
MLS# 26011710
Copyright © 2026 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 42,000-square-foot warehouse was built in 1984 and occupies a 2.1-acre site. Loading infrastructure includes six dock-high doors and three drive-in doors. The building provides 25-foot clear heights throughout, with the center bay reaching 40 feet. A roof replacement completed in 2024 adds a recent building improvement. The layout supports distribution, warehousing, and light manufacturing operations, with outside storage positioned behind the facility.
The property is located at 2592 Palumbo Drive in Lexington, between Man O' War Boulevard and New Circle Road. Its position provides access to Lexington’s industrial corridors and major roadways. The combination of multiple loading options, substantial clear height, exterior storage, and a recently replaced roof offers a practical configuration for industrial users.
The property is located at 2592 Palumbo Drive in Lexington, between Man O' War Boulevard and New Circle Road. Its position provides access to Lexington’s industrial corridors and major roadways. The combination of multiple loading options, substantial clear height, exterior storage, and a recently replaced roof offers a practical configuration for industrial users.
Key Highlights
- 42,000‑square‑foot warehouse on a 2.1‑acre site
- Six dock‑high doors and three drive‑in doors
- 25‑foot clear height with 40‑foot clear height in the center bay
Property Analytics
Property Profile
Current Use
Lease Details
6
Dock-high doors
3
Drive-in doors
Yes
Paved road access
NNN (Triple Net)
Lease Type
$1.13 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
851
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 40509, KY
44,572
Population
19,802
Households
2.3
Avg Household Size
36
Median Age
57%
College-Educated
95%
High-School Grad
47.8 sq mi
ZIP Area
932
Density / Sq Mi
$89,429
Median Household Income
$52,489
Median Earnings
$1,317
Median Rent
$338,200
Median Home Value
Market
Lease Benchmarks for Lexington, KY
$9.91 /SF/Yr
Avg Asking Price
$6–$14.08 /SF/Yr
Price Range
40,752 SF
Avg Space Size
This space is priced 24% below the average of $9.91 /SF/Yr.
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Citadel Self Storage — 133 N Locust Hill Dr, Lexington, KY 40509
- Stor All Self Storage — 2750 Palumbo Dr, Lexington, KY 40509
- Stor All Self Storage — 3024 Blake James Dr, Lexington, KY 40509
- Stor All Self Storage — 2670 Palumbo Dr, Lexington, KY 40509
- Palumbo Park Self Storage — 2595 Palumbo Dr, Lexington, KY 40509
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial warehouse with dock access, drive-in loading, outside storage, and updated roofing.
Where is this warehouse located?
The property is located at 2592 Palumbo Drive Lexington, KY.
What is the lease rate?
The lease rate is $7.50 SF/Yr.
What are key features of this property?
This property features: 42,000‑square‑foot warehouse on a 2.1‑acre site; Six dock‑high doors and three drive‑in doors; 25‑foot clear height with 40‑foot clear height in the center bay
