I-1 Industrial
For Lease
$6 SF/Yr
1040-1050 Eastland Drive, Lexington, KY 40505
Commercial Lease, Lexington, KY
Space Size17,247 SF
Property Size30,488 SF
Lot Size1.41 Acres
Days on Market62
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: Sep 12
Last Checked: Sep 22 at 8:06AM
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.
This 30,488-square-foot warehouse property offers 17,247 square feet for lease within a concrete block building configured in three size ranges. The layout includes 13.65% office area, renovated office space, LED lighting, a wet sprinkler system, and small outside storage serving each unit. Loading infrastructure includes 6 docks and 4 drive-ins, with 16-foot clear height. EPDM roof sections were installed in 2016 and 2019, with assignable warranties.
The 1.41-acre property is zoned I-1 and positioned on Eastland Drive between Loudon Avenue and New Circle Road in Lexington’s eastern corridor. New Circle Road is 0.8 miles away, I-75/I-64 is 2.7 miles away, and Bluegrass International Airport is 8.5 miles from the property.
The 1.41-acre property is zoned I-1 and positioned on Eastland Drive between Loudon Avenue and New Circle Road in Lexington’s eastern corridor. New Circle Road is 0.8 miles away, I-75/I-64 is 2.7 miles away, and Bluegrass International Airport is 8.5 miles from the property.
Key Highlights
- 17,247 SF available for lease within a 30,488‑square‑foot warehouse property
- 1.41‑acre site zoned I‑1
- 6 docks and 4 drive‑ins with 16' clear height
Property Analytics
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Current Use
Lease Details
16 ft
Clear height
6
Dock-high doors
4
Drive-in doors
Multi-tenant
Tenancy
Yes
Sprinkler system
Yes
Paved road access
NNN (Triple Net)
Lease Type
$0.90 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
1,116
Businesses Nearby
Well-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
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Market
Lease Benchmarks for Lexington, KY
$9.51 /SF/Yr
Avg Asking Price
$1.08–$22.08 /SF/Yr
Price Range
31,481 SF
Avg Space Size
This space is priced 37% below the average of $9.51 /SF/Yr.
Vacancy Rate% for Industrial in South region
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Similar Off Market Nearby
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- StorageMart — 750 winchester rd, lexington, ky 40505
- Wildcat Mini Storage — 428 Dallas Ave, Lexington, KY 40505
Frequently Asked Questions
What type of property is this?
Warehouse - I-1-zoned warehouse property with dock and drive-in loading, LED lighting, and a wet sprinkler system.
Where is this warehouse 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: 17,247 SF available for lease within a 30,488‑square‑foot warehouse property; 1.41‑acre site zoned I‑1; 6 docks and 4 drive‑ins with 16' clear height
