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Light Industrial Flex Space
For Lease
$13 SF/Yr Modified Gross

670 Bizzell Drive, Lexington, KY 40510

Commercial Lease, Lexington, KY

Space Size2,600 SF - 5,200 SF
Lot Size0.90 Acres
Days on Market169

Property Features for 670 Bizzell Drive

General Information

Property type Commercial Lease
Property subtype Other
Property condition Under Construction
Zoning description I-1 Light Industrial
Parking 8
Subdivision Commercial
Directions From downtown Lexington (example starting point): Head west on W Main St toward Oliver Lewis Way Continue onto Versailles Rd (US-60 W) Stay on Versailles Rd for ~2 miles Turn right onto Bizzell Dr Continue straight - 670 Bizzell Dr will be on your left
Standard status Active
APN 10006660
Size 5,720 SF
Lot size 0.90 Acres

Utilities

Sewer type Public Sewer

Building Details

Year built 2026
Listing Agency: Bluegrass Commercial Real Estate
Listed By: Hogan Goodwin
Added: Apr 7 Changed: Sep 8 Last Checked: Sep 22 at 3:06PM
MLS# 26007283

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 under-construction flex property at 670 Bizzell Drive is zoned I-1 for light industrial use and is expected to be delivered in late May 2026. The building provides clear-span interiors, drive-in access on both sides, and 16-foot clear heights, supporting warehouse, service, distribution, contractor, and light manufacturing uses. The layout can accommodate a full-unit lease or division into two approximately 2,600 SF sections, with each side featuring a 14' x 14' drive-in door.

The property is located in Old Frankfort Industrial Park with front and rear access for drive-through circulation. Approximately eight on-site parking spaces are provided, with additional street parking along Bizzell Drive. Visibility from New Circle Road and access to downtown Lexington are also noted. The lease structure is modified gross, with the tenant responsible for utilities and trash.

Key Highlights

  • Under construction with expected delivery in late May 2026
  • I‑1 zoning for light industrial use
  • Two 14' x 14' drive‑in doors with 16' clear heights

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Hair Salon Nail Salon Parking Lot & Garage Law Firm Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

16 ft
Clear height
2
Drive-in doors
Modified Gross
Lease Type

Location Intelligence

Trade Area within ½ mile

255
Businesses Nearby
Well-served
Demand for This Use

Demographics for 40510, KY

1,562
Population
426
Households
3.7
Avg Household Size
38
Median Age
27%
College-Educated
82%
High-School Grad
22.7 sq mi
ZIP Area
69
Density / Sq Mi
$155,625
Median Household Income
$23,250
Median Earnings
$725,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Lexington, KY

$11.96 /SF/Yr
Avg Asking Price
$6–$30 /SF/Yr
Price Range
24,989 SF
Avg Space Size

This space is priced 9% above the average of $11.96 /SF/Yr.

Vacancy Rate% for Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Flex space - Under-construction I-1 space offers drive-through access, clear-span interiors, and flexible configuration for industrial operations.
Where is this flex space located?
The property is located at 670 Bizzell Drive Lexington, KY.
What is the lease rate?
The lease rate is $13 SF/Yr.
What are key features of this property?
This property features: Under construction with expected delivery in late May 2026; I‑1 zoning for light industrial use; Two 14' x 14' drive‑in doors with 16' clear heights
More about this property
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