Flex Warehouse with Multiple
For Lease
$6 SF/Yr
1040-1050 Eastland Drive, Lexington, KY 40505
COMMERCIAL - Lexington, KY
Space SizeContact for details
Property Size30,488 SF
Lot Size1.41 Acres
Days on Market15
Property Features for 1040-1050 Eastland Drive
General Information
Property type
Commercial Lease
Property subtype
Other
Zoning description
I-1 Light Industrial
Subdivision
Commercial
Directions
Winchester Road outbound to left on E. Loudon, then right onto Eastland Drive. The property will be on your right.
Standard status
Active
APN
15030750, 15029380, 15029375
Size
30,488 SF
Lot size
1.41 Acres
Building Details
Year built
1970
Listing Agency:
Block + Lot Homes
(859) 309-0099
Listed By:
Adam Boardman · License #72655
(859) 338-8243
Added: Jul 23
Changed: Aug 4
Last Checked: Aug 6 at 7:06PM
MLS# 26019603
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.
1040–1050 Eastland Drive is a flex warehouse property totaling 30,488 SF, demised into three spaces. The building is constructed with concrete block and includes a wet sprinkler system and LED lighting. It features 6 docks and 4 drive-ins, with 16' clear height throughout. The office-to-warehouse ratio is 13.65%, supported by in-place office space, and each unit includes small outside storage. Roofs are described as newer EPDM systems installed in 2016/2019 with assignable warranties.
The property is located in Lexington, Kentucky and runs between Loudon Avenue and New Circle Road in the Winchester Road/eastern corridor. It is approximately 0.8 miles from New Circle Road and 2.7 miles from I-75/I-64.
The site is 1.41 acres and is zoned I-1, providing a consolidated distribution-style setup for users seeking multiple sizes within one facility.
The property is located in Lexington, Kentucky and runs between Loudon Avenue and New Circle Road in the Winchester Road/eastern corridor. It is approximately 0.8 miles from New Circle Road and 2.7 miles from I-75/I-64.
The site is 1.41 acres and is zoned I-1, providing a consolidated distribution-style setup for users seeking multiple sizes within one facility.
Key Highlights
- 30,488 total SF office/warehouse building demised into three sizes; 17,247 SF available for lease
- Excellent office‑to‑warehouse ratio of 13.65% office
- Concrete block construction (1970–1974) with wet sprinkler system
Property Analytics
Property Profile
Current Use
Lease Details
16 ft
Clear height
6
Dock-high doors
4
Drive-in doors
Multi-tenant
Tenancy
Yes
Sprinkler system
Yes
Highway access
Yes
Paved road access
NNN (Triple Net)
Lease Type
$0.90 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
987
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 40505, KY
26,278
Population
12,026
Households
2.2
Avg Household Size
39
Median Age
23%
College-Educated
86%
High-School Grad
8.0 sq mi
ZIP Area
3,285
Density / Sq Mi
$58,922
Median Household Income
$33,517
Median Earnings
$914
Median Rent
$166,300
Median Home Value
Market
Lease Benchmarks for Lexington, KY
$11.41 /SF/Yr
Avg Asking Price
$6–$30 /SF/Yr
Price Range
33,391 SF
Avg Space Size
This space is priced 47% below the average of $11.41 /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?
Flex space - Flex/warehouse building offers dock-high and drive-in access with a 16' clear height and updated roof systems.
Where is this flex space located?
The property is located at 1040-1050 Eastland Drive Lexington, KY.
What is the lease rate?
The lease rate is $6 SF/Yr.
What are key features of this property?
This property features: 30,488 total SF office/warehouse building demised into three sizes; 17,247 SF available for lease; Excellent office‑to‑warehouse ratio of 13.65% office; Concrete block construction (1970–1974) with wet sprinkler system
