Lower-Level Office
120 Kentucky Avenue #15, Lexington, KY 40502
For Lease
$7,200/Mo
P-1 zoning and on-site management support a flexible office setting with included utilities and grounds care.
Space SizeContact for details
Property Size691 SF
Days on Market48
Property Features for 120 Kentucky Avenue #15
General Information
Standard status
Size
Total Parking Spaces
Zoning
Lease Term
Space & Availability
Floor
Space Use
Site & Location
Neighborhood
Additional Details
Utilities Included in Rent
Amenities
landscaped grounds
free parking
on site management
monument and building signage
Building Details
Building Size
Year Built
Listing Agency:
Turf Town Properties
(859) 268-4663
Listed By:
J. Richard Queen · License KY #198662
(859) 221-3616
Source:
Bluegrasspropertiesgroup
Added: Sep 24
Changed: Nov 4
Last Checked: Nov 9 at 11:52PM
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 Turf Town Properties
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Investment Insights
Based on property information with market context.
This lower-level office unit offers 691 square feet of space in a building constructed in 1977. The property is zoned P-1, with on-site management and monument and building signage available. Free parking is provided, and there are no CAM fees.
Water, sewer, trash collection, and grounds maintenance are included. The landscaped grounds serve an office property near Downtown Lexington, the University of Kentucky, Woodland Park, and Chevy Chase.
Water, sewer, trash collection, and grounds maintenance are included. The landscaped grounds serve an office property near Downtown Lexington, the University of Kentucky, Woodland Park, and Chevy Chase.
Key Highlights
- 691‑square‑foot lower‑level office unit
- P‑1 zoning
- Free parking and on‑site management
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$18.76 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
2,432
Businesses Nearby
Explore this area
Business Placement
Demographics for 40502, KY
26,080
Population
14,232
Households
1.8
Avg Household Size
40
Median Age
67%
College-Educated
96%
High-School Grad
7.1 sq mi
ZIP Area
3,673
Density / Sq Mi
$73,939
Median Household Income
$46,197
Median Earnings
$1,068
Median Rent
$483,600
Median Home Value
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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 400% above the average of $25 /SF/Yr.
Average Price Trend$/SF/Yr for Office Units in Lexington, KY
Properties on Market for Office Units in Lexington
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - P-1 zoning and on-site management support a flexible office setting with included utilities and grounds care.
Where is this office unit located?
The property is located at 120 Kentucky Avenue #15 Lexington, KY.
What is the lease rate?
The lease rate is $7,200/Mo.
What are key features of this property?
This property features: 691‑square‑foot lower‑level office unit; P‑1 zoning; Free parking and on‑site management
