Multi-Office
For Lease
$3,500/Mo
117 W 2nd Street, Lexington, KY 40507
Commercial Lease, Lexington, KY
Space SizeContact for details
Lot Size0.11 Acres
Days on Market9
Property Features for 117 W 2nd Street
General Information
Property type
Commercial Lease
Property subtype
Office
Zoning
B-2
Rooms
Basement
Basement
Interior Entry, Concrete, Sump Pump
Subdivision
Downtown
Directions
From N Limestone, turn Left on W Second St and the property is on the right across from the Sire Hotel
Standard status
Active
APN
16458950
Size
1,848 SF
Lot size
0.11 Acres
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Electric, Central Air
Amenities
hardwood floors
Art Deco lighting
fireplaces
library bookshelf wall
full kitchen
Building Details
Year built
1920
Floors in Building
2
Listing Agency:
The Brokerage
(859) 983-7365
Listed By:
Chad Bowman
(859) 396-5256
Added: Aug 24
Changed: Aug 26
Last Checked: Sep 1 at 7:06AM
MLS# 26023172
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.
Available for lease, this 1,848-square-foot office property at 117 W 2nd Street includes four dedicated offices arranged across two floors. Each level contains one larger and one medium office; the front-facing larger rooms feature fireplaces, while the rear offices have separate exterior entrances. The first floor also provides two open work or meeting areas and a half bathroom. Upstairs, a full kitchen, second half bathroom, and built-in library shelving support additional workspace or meeting functions.
Constructed in 1920, the building retains hardwood flooring and Art Deco lighting. It is zoned B-2 and positioned in downtown Lexington near Limestone and Gratz Park. The property includes 1-2 dedicated spaces behind the building, with additional parking available for rent in the adjacent lot. Services include public sewer, natural gas and forced-air heat, and electric central air conditioning.
Constructed in 1920, the building retains hardwood flooring and Art Deco lighting. It is zoned B-2 and positioned in downtown Lexington near Limestone and Gratz Park. The property includes 1-2 dedicated spaces behind the building, with additional parking available for rent in the adjacent lot. Services include public sewer, natural gas and forced-air heat, and electric central air conditioning.
Key Highlights
- 1,848 SF office building with four dedicated offices across two floors
- B‑2 zoning supports professional office and retail use
- Two larger front offices include fireplaces
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$3.41 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
3,595
Businesses Nearby
Explore this area
Business Placement
Demographics for 40507, KY
2,043
Population
1,765
Households
1.2
Avg Household Size
44
Median Age
54%
College-Educated
93%
High-School Grad
0.4 sq mi
ZIP Area
5,108
Density / Sq Mi
$34,543
Median Household Income
$40,826
Median Earnings
$642
Median Rent
$391,000
Median Home Value
Market
Lease Benchmarks for Lexington, KY
$23.19 /SF/Yr
Avg Asking Price
$1.29–$220 /SF/Yr
Price Range
22,476 SF
Avg Space Size
This space is priced 2% below the average of $23.19 /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?
Office units - B-2-zoned office property with flexible rooms, private entrances, parking, and a full kitchen.
Where is this office units located?
The property is located at 117 W 2nd Street Lexington, KY.
What is the lease rate?
The lease rate is $3,500/Mo.
What are key features of this property?
This property features: 1,848 SF office building with four dedicated offices across two floors; B‑2 zoning supports professional office and retail use; Two larger front offices include fireplaces
