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Two-Story Office Condo

120 Dennis Dr Unit 3, Lexington, KY 40503

For Lease
$15 SF/Yr CAM $2.50 /USD/SF/YR

Multiple offices, a kitchenette, and a private entrance support flexible office operations.

Space Size1,925 SF
Days on Market57

Property Features for 120 Dennis Dr Unit 3

General Information

Standard status Active
Size 1,925 SF
Net Rentable 1,925 SF
Zoning B-4
Lease Type NNN

Space & Availability

Available Space 1,925 SF
Contiguous Space 1,925 SF
Space Use Office

Lease Terms

Lease Rate $15 /USD/SF/YR
Monthly Rent $2,406
Rent per SF/Year $15
CAM $2.50 /USD/SF/YR

Site & Location

Neighborhood Deerfield Comm Assoc Inc

Amenities

natural lighting
kitchenette/breakroom
private entrance
storage space

Building Details

Year Built 1995
Stories 2
Listing Agency: The Gibson Company
Listed By: Christa Collins · License KY #239962
Source: Sellkentucky
Added: Sep 15 Changed: Nov 9 Last Checked: Oct 7 at 3:49PM

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 The Gibson Company

Rey
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Investment Insights

Based on property information with market context.

This two-story office condo offers approximately 1,925 SF with multiple offices, natural lighting, and a kitchenette/breakroom area. The suite has its own entrance, while a small storage area at the rear provides additional utility through a separate access point.

The property is located at 120 Dennis Dr, Unit 3, near Pasadena Dr, Nicholasville Rd, and Regency Rd in Lexington. B-4 zoning supports the office-oriented property classification, and the building was constructed in 1995.

Key Highlights

  • Approximately 1,925 SF two‑story office condo
  • Multiple offices with natural lighting
  • Kitchenette and breakroom area

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Pope Sisters & Associates ... Tax Preparation Morgan, Trevathan & Gunn ... Insurance Agency

Suggested Use

Top Pick Parking Lot & Garage Electrical Service Grocery & Convenience Store (Bike/Boat/Book/etc) Store Big Box & Wholesale Store Nursing Home

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
$2.25 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,885
Businesses Nearby

Demographics for 40503, KY

28,073
Population
13,437
Households
2.1
Avg Household Size
39
Median Age
57%
College-Educated
96%
High-School Grad
8.8 sq mi
ZIP Area
3,190
Density / Sq Mi
$74,161
Median Household Income
$43,061
Median Earnings
$1,110
Median Rent
$280,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Lexington, KY

$25 /SF/Yr
Avg Asking Price
$1.29–$220 /SF/Yr
Price Range
13,313 SF
Avg Space Size

This space is priced 40% below the average of $25 /SF/Yr.

Average Price Trend$/SF/Yr for Office Units in Lexington, KY

$28.13 Jul
$23.2 Aug
$23.2 Sep
$23.36 Oct

Properties on Market for Office Units in Lexington

Jul
Aug
Sep
Oct

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

Frequently Asked Questions

What type of property is this?
Office unit - Multiple offices, a kitchenette, and a private entrance support flexible office operations.
Where is this office unit located?
The property is located at 120 Dennis Dr Unit 3 Lexington, KY.
What is the lease rate?
The lease rate is $15 SF/Yr.
What are key features of this property?
This property features: Approximately 1,925 SF two‑story office condo; Multiple offices with natural lighting; Kitchenette and breakroom area
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Includes: Price & PSF · Cap rate · Location · Zoning

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