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Industrial Flex Space For Rent
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1109-1113 Commercial Dr, Lexington, KY 40505

Industrial flex space featuring office and warehouse components.

Space Size2,500 SF
Property Size10,000 SF
Days on Market707

Property Features for 1109-1113 Commercial Dr

General Information

Standard status Active
Size 2,500 SF
Property subtype Industrial
Lease Type NNN

Building Details

Building Size 10,000 SF
Year Built 1969
Tenancy Multiple

Spaces For Lease

at 1109-1113 Commercial Dr Contact us

1113 Commercial Drive, B

Size
2,500 SF
Type
Industrial
Lease Type
NNN
Availability
Active
Contact us
Listing Agency: Block + Lot
Listed By: Peter Barr · License #KY 65116
Source: Crexi
Added: Sep 5, 2024 Changed: Aug 8 Last Checked: Aug 12 at 3:35AM

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 Block + Lot

Investment Insights

Based on property information with market context.

The property at 1109-1113 Commercial Dr. is an industrial flex space. It consists of two 2,500 square foot units. Each unit includes approximately 800 square feet of office space with two restrooms and approximately 1,700 square feet of warehouse space. The warehouse space features suspended gas heat, 14-foot clear height, and one drive-in door per unit. The property is located in the northeast corridor of Lexington, just inside New Circle Road, and is situated 2.4 miles from I-75/I-64.

Key Highlights

  • Strategic Location: Situated just inside New Circle Rd. in the Northeast corridor of Lexington.
  • Excellent Accessibility: Located 2.4 miles from I‑75/I‑64, providing access to major transportation routes.
  • Wide Market Reach: Within a 24‑hour drive of 70% of the U.S. population.

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Law Firm Nail Salon Spa & Massage Center Dental Office Hotel & Motel

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
$1.13 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,079
Businesses Nearby
Balanced
Demand for This Use

Demographics for 40505, KY

26,278
Population
12,026
Households
2.2
Avg Household Size
39
Median Age
23%
College-Educated
86%
High-School Grad
8.0 sq mi
ZIP Area
3,285
Density / Sq Mi
$58,922
Median Household Income
$33,517
Median Earnings
$914
Median Rent
$166,300
Median Home Value

Market

Lease Benchmarks for Lexington, KY

$11.33 /SF/Yr
Avg Asking Price
$6–$30 /SF/Yr
Price Range
30,753 SF
Avg Space Size

This space is priced 34% below the average of $11.33 /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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Flex space - Industrial flex space featuring office and warehouse components.
Where is this flex space located?
The property is located at 1109-1113 Commercial Dr Lexington, KY.
What is the lease rate?
The lease rate is $7.50 SF/Yr.
What are key features of this property?
This property features: Strategic Location: Situated just inside New Circle Rd. in the Northeast corridor of Lexington.; Excellent Accessibility: Located 2.4 miles from I‑75/I‑64, providing access to major transportation routes.; Wide Market Reach: Within a 24‑hour drive of 70% of the U.S. population.
(859) 351-7924 Call to check price and availability
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