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Renovated Office Unit
New
For Lease
$1,250/Mo

121 Prosperous Place, Lexington, KY 40509

Commercial Lease, Lexington, KY

Space SizeContact for details
Days on Market3

Property Features for 121 Prosperous Place

General Information

Property type Commercial Lease
Property subtype Office
Zoning C
Zoning description P-1
Subdivision Commercial
Directions Man O war to Blazer Parkway to Prosperous
Standard status Active
APN 10033710
Size 1,034 SF

Utilities

Sewer type Public Sewer
Heating system Forced Air
Cooling system Electric

Building Details

Year built 1987
Floors in Building 1
Listing Agency: Realty Solutions
Listed By: Michael X Wang · License #208053
Added: Nov 4 Last Checked: Nov 6 at 8:06AM
MLS# 26030403

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.

Rey
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Investment Insights

Based on property information with market context.

This 1,034-square-foot office unit occupies the first floor and combines a large open area near the entrance with two separate offices toward the back. Renovations include vinyl flooring and fresh paint. The building dates to 1987, with forced-air heating and electric cooling.

Key Highlights

  • 1,034 square feet on the first floor
  • Large open room at the entrance and two separate offices at the rear
  • Renovations include vinyl flooring and paint

Property Analytics

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

Current Use

Embry J B ... Dental Office Sonja L. Maggard, ... Dental Office Kimberly F Wilkins ... Dental Office Dennis B. Sprague ... Physician Kentucky Farm Bureau ... Insurance Agency

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Auto Parts Store Auto Repair Shop HVAC Service Parking Lot & Garage

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
$2.18 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,128
Businesses Nearby

Demographics for 40509, KY

44,572
Population
19,802
Households
2.3
Avg Household Size
36
Median Age
57%
College-Educated
95%
High-School Grad
47.8 sq mi
ZIP Area
932
Density / Sq Mi
$89,429
Median Household Income
$52,489
Median Earnings
$1,317
Median Rent
$338,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Lexington, KY

$23.9 /SF/Yr
Avg Asking Price
$1.29–$220 /SF/Yr
Price Range
16,487 SF
Avg Space Size

This space is priced 39% below the average of $23.9 /SF/Yr.

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 - An open first-floor layout includes two enclosed offices at the rear.
Where is this office unit located?
The property is located at 121 Prosperous Place Lexington, KY.
What is the lease rate?
The lease rate is $1,250/Mo.
What are key features of this property?
This property features: 1,034 square feet on the first floor; Large open room at the entrance and two separate offices at the rear; Renovations include vinyl flooring and paint
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