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Updated Office Condo Suites
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121 Prosperous Pl, Lexington, KY 40509

Two updated office condos offer move-in-ready space that can be leased together or separately.

Property Size4,000 SF
Days on Market132

Property Features for 121 Prosperous Pl

General Information

Standard status Active
Size 4,000 SF
Property subtype Office

Additional Details

Office Units 2

Building Details

Stories 2
Listing Agency: SVN | Stone Commercial Real Estate
Listed By: Matt Stone · License #KY 67499
Source: Crexi
Added: Apr 12 Changed: Aug 8 Last Checked: Jul 20 at 5:05PM

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 SVN | Stone Commercial Real Estate

Investment Insights

Based on property information with market context.

SVN Stone Commercial Real Estate presents two office condo suites at 121 Prosperous Place, units 5A and 6A. The space is updated and move-in ready, and it can be purchased or leased as one combined unit or separated into two smaller suites.

Together, the condos total 4,000 SF, with half of the area on the first floor and the other half in a finished basement.

The configuration is well-suited for businesses seeking flexible suite options within a single property package, while preserving the ability to operate independently across two units if separated.

Key Highlights

  • Two updated office condo units (5A and 6A) at 121 Prosperous Place
  • Total of 4,000 SF combined, with 2,000 SF on the first floor and 2,000 SF in a finished basement
  • Can be purchased or leased, either as one unit or separated into two smaller suites

Property 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 Repair Shop Auto Parts Store 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

2
Office units

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

Market

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
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Frequently Asked Questions

What type of property is this?
Office units - Two updated office condos offer move-in-ready space that can be leased together or separately.
Where is this office units located?
The property is located at 121 Prosperous Pl Lexington, KY.
What are key features of this property?
This property features: Two updated office condo units (5A and 6A) at 121 Prosperous Place; Total of 4,000 SF combined, with 2,000 SF on the first floor and 2,000 SF in a finished basement; Can be purchased or leased, either as one unit or separated into two smaller suites
(859) 264-0888 Call to check price and availability
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