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Renovated Creative Office Building
For Lease
$18 SF/Yr

146 E Third Street, Lexington, KY 40508

COMMERCIAL - Lexington, KY

Space Size7,258 SF
Lot Size0.21 Acres
Days on Market348

Property Features for 146 E Third Street

General Information

Property type Commercial Lease
Property subtype Office
Zoning description B-2A Downtown Frame Business
Rooms Basement
Basement Concrete, Interior Entry, Partially Finished
Subdivision Commercial
Directions N. Limestone to right on E. Third Street, the property will be on your right across from the Carrick House.
Standard status Active
APN 11355625
Size 6,848 SF
Lot size 0.21 Acres

Amenities

boardroom
library
kitchenette
elevator
sundeck

Building Details

Year built 1840
Floors in Building 3
Listing Agency: Block + Lot Homes
Listed By: Adam Boardman · License #72655
Added: Sep 17, 2025 Changed: Aug 4 Last Checked: Aug 30 at 5:06AM
MLS# 25501570

Copyright © 2026 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This two-story creative office property combines historic construction with a comprehensive 2015 renovation. Built in 1840, the building contains approximately 6,848 SF above grade plus 410 SF of finished lower-level space. Original hardwood floors and exposed brick complement contemporary finishes, while the layout includes reception space, a boardroom with folding privacy doors, a library with custom cabinetry, open work areas, multiple restrooms, and a tiled kitchenette with dishwasher. A flexible garage area with a drive-in door provides additional utility.

An elevator and open stairwell serve the building, with expansive windows bringing natural light to both levels. The upper floor includes vaulted ceilings, exposed joists, hardwood flooring, open workspace, and access to a private sundeck. Renovation improvements included the roof, HVAC systems, windows, elevator, rear staircase, and porous concrete parking surface. The property is located in Downtown Lexington near retail and restaurants, with six dedicated on-site parking spaces and additional surface parking nearby.

Key Highlights

  • 6,848 SF above grade plus 410 SF of finished lower‑level space
  • 2015 renovation included new roof, HVAC systems, windows, elevator, and rear staircase
  • Two‑story creative office building originally constructed in 1840

Property Analytics

Current Use

RESPEC Engineer

Suggested Use

Top Pick Pharmacy Garden Center Auto Parts Store Locksmith Pet Grooming Service Veterinary Clinic

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

1
Drive-in doors
NNN (Triple Net)
Lease Type
$2.70 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

3,381
Businesses Nearby

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

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?
Creative space - Historic two-story workspace with open areas, boardroom, library, elevator, and rooftop deck.
Where is this creative space 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 SF above grade plus 410 SF of finished lower‑level space; 2015 renovation included new roof, HVAC systems, windows, elevator, and rear staircase; Two‑story creative office building originally constructed in 1840
More about this property
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