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Renovated Flex Space
For Lease
$10.50 SF/Yr

182 Turner Commons Way, Lexington, KY 40508

Adaptable commercial space with drive-in access, upgraded building systems, and convenient surface parking.

Space SizeContact for details
Days on Market1129

Property Features for 182 Turner Commons Way

General Information

Standard status Active
Property subtype Industrial
Zoning PUD-3
Lease Type NNN

Building Details

Year Built 1951

Spaces For Lease

at 182 Turner Commons Way Contact us

Available Space $10.50/Mo

Contact us
Listing Agency: Block & Lot Real Estate
Listed By: Amy Mellinger · License #210462
Source: Kcrea.resimplifi
Added: Jul 31, 2023 Changed: Aug 30 Last Checked: Sep 1 at 3:36PM

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

Investment Insights

Based on property information with market context.

This flex space at 182 Turner Commons Way offers 6,410–12,840 SF of available area within a renovated commercial facility. The building features 13'–28' ceiling heights, 15' x 17' column spacing, LED lighting, concrete slab floors, gas heat, a dry sprinkler system, and a new metal roof. Additional improvements include insulated block construction, 200 AMP service, and available drive-in doors. Renovations were completed in 2023.

The property is part of The Commons mixed-use development, with surface parking, LED site lighting, walking trails, green space, and security patrol supported by surveillance cameras. It is under a mile from New Circle Road, less than 5 miles from I-75/I-64, and located blocks from Downtown and Lexington's Central Business District.

Key Highlights

  • 6,410‑12,840 SF available
  • Renovated in 2023
  • 13' - 28' ceiling height

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Garden Center (Bike/Boat/Book/etc) Store Home Appliance Store Veterinary Clinic Mobile Phone Store Tanning Salon

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
$1.58 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

3,042
Businesses Nearby
Balanced
Demand for This Use

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

$11.65 /SF/Yr
Avg Asking Price
$6–$30 /SF/Yr
Price Range
30,561 SF
Avg Space Size

This space is priced 10% below the average of $11.65 /SF/Yr.

Vacancy Rate% for Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025
Rey
Questions? Ask Rey
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Similar Off Market Nearby

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  • 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 - Adaptable commercial space with drive-in access, upgraded building systems, and convenient surface parking.
Where is this flex space located?
The property is located at 182 Turner Commons Way Lexington, KY.
What is the lease rate?
The lease rate is $10.50 SF/Yr.
What are key features of this property?
This property features: 6,410‑12,840 SF available; Renovated in 2023; 13' - 28' ceiling height
More about this property
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