Renovated Historic Office
For Lease
$18 SF/Yr
146 E Third Street, Lexington, KY 40508
Two floors combine open work areas, a boardroom, a library, and a flexible garage space with a drive-in door.
Space Size7,258 SF
Days on Market194
Property Features for 146 E Third Street
General Information
Standard status
Active
Size
7,258 SF
Net Rentable
7,258 SF
Total Parking Spaces
6
Elevators
Yes
Property subtype
Office
Space & Availability
Available Space
7,258 SF
Contiguous Space
7,258 SF
Space Use
Creative Office
Condition
Move-in Ready
Sublease
No
Site & Location
Neighborhood
Martin Luther King Neighborhood Association
Amenities
boardroom
library
kitchenette
full bath with shower
elevator
private sundeck
rooftop deck
Building Details
Building Size
7,258 SF
Year Built
1840
Year Renovated
2015
Stories
2
Listing Agency:
Block + Lot Homes
Listed By:
Adam Boardman · License #72655
(859) 338-8243
Source:
Roandcorealty
Added: Apr 21
Changed: Oct 31
Last Checked: Oct 31 at 3:04AM
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 Homes
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Investment Insights
Based on property information with market context.
This two-story office building was constructed in 1840 and renovated in 2015. It contains 6,848 square feet above grade and 410 square feet of finished lower-level space. The first floor includes a boardroom, library, kitchenette, two restrooms, and a flexible garage area with a drive-in door. An elevator and an open stairwell connect the levels. Upstairs, open work areas sit beneath vaulted ceilings, with a private sundeck overlooking the Lexington skyline.
The renovation included new HVAC systems, windows, a roof, and an elevator. On-site parking provides six dedicated spaces, with additional surface parking available nearby. The property is in Downtown Lexington, surrounded by retail and restaurants.
The renovation included new HVAC systems, windows, a roof, and an elevator. On-site parking provides six dedicated spaces, with additional surface parking available nearby. The property is in Downtown Lexington, surrounded by retail and restaurants.
Key Highlights
- 6,848 square feet above grade plus 410 square feet of finished lower‑level space
- Two‑story office building originally constructed in 1840 and renovated in 2015
- Six dedicated on‑site parking spaces; additional surface parking available nearby
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
$2.70 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
3,381
Businesses Nearby
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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
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Market
Lease Benchmarks for Lexington, KY
$18.84 /SF/Yr
Avg Asking Price
$13.5–$24 /SF/Yr
Price Range
63,027 SF
Avg Space Size
This space is priced 4% below the average of $18.84 /SF/Yr.
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Two floors combine open work areas, a boardroom, a library, and a flexible garage space with a drive-in door.
Where is this office building located?
The property is located at 146 E Third Street Lexington, KY.
What is the lease rate?
The lease rate is $18 SF/Yr.
What are key features of this property?
This property features: 6,848 square feet above grade plus 410 square feet of finished lower‑level space; Two‑story office building originally constructed in 1840 and renovated in 2015; Six dedicated on‑site parking spaces; additional surface parking available nearby
