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Four-Building Flex Development
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1051 Newtown Pike, Lexington, KY 40511

Mixed-use commercial campus combining office, retail, flex, and warehouse facilities with convenient regional access.

Space Size2,748 SF - 6,733 SF
Property Size86,700 SF
Days on Market195

Property Features for 1051 Newtown Pike

General Information

Standard status Active
Size 2,748 SF - 6,733 SF
Property subtype Industrial

Building Details

Building Size 86,700 SF
Year Built 1982

Spaces For Lease

at 1051 Newtown Pike Contact us

Bldg 1051, Suite 136

Size
2,748 SF
Lease Type
NNN
Contact us

Bldg 804, Suite 110

Size
6,733 SF
Lease Type
NNN
Contact us
Listing Agency: NAI Isaac
Listed By: Chad Voelkert · License ##205597
Source: Thebrokerlist
Added: Feb 18 Changed: Aug 29 Last Checked: Aug 29 at 4:46PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Isaac

Investment Insights

Based on property information with market context.

Newtown Business Center is a four-building flex property encompassing approximately 86,700 SF across office, retail, flex, and warehouse facilities. The development occupies approximately 9.88 acres and offers lease opportunities ranging from approximately 2,748 to 6,733 SF. Ample parking supports the mixed-use configuration, and the improvements date to 1982.

The property fronts the intersection of Newtown Pike and New Circle Road in Lexington, providing access to downtown, Interstates 75 and 64, and Blue Grass Airport. The site records approximately 39,271 VPD in front of the property. Zoning includes B-1 (Neighborhood Business) and I-1 (Light Industrial), supporting the campus’s combination of commercial and light-industrial space.

Key Highlights

  • Approximately 86,700 SF across four buildings
  • Approximately 9.88‑acre mixed‑use development
  • Available spaces range from approximately 2,748 to 6,733 SF

Property Analytics

Current Use

Remedy Intelligent Staffing Employment Agency Tricare Pharmacy Pharmacy Eric T Morse, ... Physician John R. Johnson, ... Physician Baptist Health Physical ... Physician

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Kitchen & Bath Showroom Pharmacy Spa & Massage Center

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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

462
Businesses Nearby
Balanced
Demand for This Use

Demographics for 40511, KY

36,146
Population
14,963
Households
2.4
Avg Household Size
35
Median Age
38%
College-Educated
89%
High-School Grad
86.0 sq mi
ZIP Area
420
Density / Sq Mi
$77,476
Median Household Income
$43,416
Median Earnings
$1,159
Median Rent
$233,400
Median Home Value

Market

Lease Benchmarks for Lexington, KY

$11.65 /SF/Yr
Avg Asking Price
$6–$30 /SF/Yr
Price Range
30,561 SF
Avg Space Size

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Flex space - Mixed-use commercial campus combining office, retail, flex, and warehouse facilities with convenient regional access.
Where is this flex space located?
The property is located at 1051 Newtown Pike Lexington, KY.
What are key features of this property?
This property features: Approximately 86,700 SF across four buildings; Approximately 9.88‑acre mixed‑use development; Available spaces range from approximately 2,748 to 6,733 SF
More about this property
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