Renovated Flex
For Lease
$7.50 SF/Yr
188 Turner Commons Way, Lexington, KY 40508
Newly renovated commercial space offers adaptable industrial functionality within a mixed-use development with parking and monitored security.
Space Size6,096 SF
Days on Market868
Property Features for 188 Turner Commons Way
General Information
Standard status
Active
Size
6,096 SF
Net Rentable
6,096 SF
Property subtype
Industrial
Zoning
PUD-3
Lease Type
NNN
Space & Availability
Available Space
6,096 SF
Contiguous Space
6,096 SF
Space Use
Flex
Available From
Immediate
Additional Details
Highway Access
Yes
Clear Height
28 ft
Amenities
Walking trails
Green space
Security patrol
Surveillance cameras
LED lighting
Building Details
Year Built
1951
Spaces For Lease
at 188 Turner Commons Way
Available Space
$7.50/Mo
Listing Agency:
Block & Lot Real Estate
Listed By:
Amy Mellinger · License #210462
(859) 619-5369
Source:
Kcrea.resimplifi
Added: Jun 1, 2024
Changed: Sep 30
Last Checked: Oct 16 at 5:43AM
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 Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 38,200-square-foot flex facility includes 6,096 square feet available for lease and has been newly renovated. The space is designed for flexible industrial use, with ceiling heights ranging from 13 to 28 feet. Availability is immediate, providing an adaptable commercial setting within The Commons, a mixed-use development.
The property is less than 5 miles from I-75 and I-64, under a mile from New Circle Road, and located only blocks from Downtown Lexington. Area conveniences include nearby retail, access to the Central Business District, walking trails, green space, surface parking with LED lighting, and security patrol supported by surveillance cameras.
The property is less than 5 miles from I-75 and I-64, under a mile from New Circle Road, and located only blocks from Downtown Lexington. Area conveniences include nearby retail, access to the Central Business District, walking trails, green space, surface parking with LED lighting, and security patrol supported by surveillance cameras.
Key Highlights
- 6,096 SF available now within a 38,200‑square‑foot facility
- Newly renovated flex/industrial space with customizable layout
- Ceiling heights range from 13 to 28 feet
Property Analytics
Current Use
Lease Details
28 ft
Clear height
Yes
Highway access
NNN (Triple Net)
Lease Type
$1.13 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
3,042
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 40508, KY
25,586
Population
11,458
Households
2.2
Avg Household Size
26
Median Age
36%
College-Educated
86%
High-School Grad
4.2 sq mi
ZIP Area
6,092
Density / Sq Mi
$28,040
Median Household Income
$13,316
Median Earnings
$900
Median Rent
$174,900
Median Home Value
Market
Lease Benchmarks for Lexington, KY
$12.05 /SF/Yr
Avg Asking Price
$6–$30 /SF/Yr
Price Range
24,783 SF
Avg Space Size
This space is priced 38% below the average of $12.05 /SF/Yr.
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Dupree Catering + Events — 201 E Main St #1500, Lexington, KY 40507
- Bons Temps Catering — 200 W High St, Lexington, KY 40507
- Moveable Feast Inc — 474 Silver Maple Way, Lexington, KY 40508
- IP & J Cuban Food — 402 N Upper St, Lexington, KY 40508
- Apiary Fine Catering & Events — 218 Jefferson St, Lexington, KY 40508
Frequently Asked Questions
What type of property is this?
Flex space - Newly renovated commercial space offers adaptable industrial functionality within a mixed-use development with parking and monitored security.
Where is this flex space located?
The property is located at 188 Turner Commons Way 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: 6,096 SF available now within a 38,200‑square‑foot facility; Newly renovated flex/industrial space with customizable layout; Ceiling heights range from 13 to 28 feet
