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    2430 Palumbo Dr Lexington, KY 40509

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    For Sale
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    8,791 SF Flex/Industrial Unit - $7M

    Property size:
    26,015 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    341
    This exceptional 8,791 square foot flex/industrial unit, situated within a larger 26,015 square foot building, presents a unique investment opportunity in Lexington, KY. Located at 2430 Palumbo Drive, Unit 110, this property boasts a prime location between New Circle Road and Man O' War Boulevard, offering easy access to I-75/I-64. The building, constructed in 1975 and renovated in 2013, is a concrete block structure situated on 1.03 acres and zoned I-1 (Light Industrial). The unit itself includes 3,055 square feet of climate-controlled office space, featuring four private offices, an open office area, a break room, and two restrooms. The remaining 5,736 square feet comprises climate-controlled warehouse space, serviced by two 10' x 12' drive-in doors. Building amenities include 16' clear height ceilings, fluorescent/LED lighting, 3-phase electric, and suspended gas heat in the warehouse area. Approximately 40 parking spaces are available, and building signage is offered to tenants. Operating expenses are below market rates. This high-demand flex unit represents a compelling opportunity for businesses seeking a versatile and strategically located space. The property's size, features, and location make it ideal for a variety of industrial and commercial uses.

    Property Features for 2430 Palumbo Dr

    General Information

    Property type
    Other commercial real estate
    Square Feet
    26,015 SF
    Lot Size
    44,867 SF

    Building Details

    Year Built
    1973
    Property Profile Location Intelligence

    Current Use by Public Records

    Coleman Smith Inc Heating Contractor The Art of Soccer Soccer Practice Fusion Systems Security System Installer

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Fayette
    State
    Kentucky
    Longitude
    -84.44807
    Latitude
    38.01931

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    FAQs

    What type of property is this?
    Commercial real estate - 8,791 SF Flex/Industrial Unit - $7M
    Where is this commercial real estate located?
    The property is located at 2430 Palumbo Dr Lexington, KY.
    What is the asking price?
    The asking price for this property is $7.
    (859) 309-0099
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    2430 Palumbo Dr Lexington, KY 40509
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2430 Palumbo Dr Lexington, KY 40509
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