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Historic Creative Office Building
For Lease
$18 SF/Yr

146 E Third Street, Lexington, KY 40508

COMMERCIAL - Lexington, KY

Space SizeContact for details
Property Size6,848 SF
Lot Size0.21 Acres
Days on Market324

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

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 6 at 4:06PM
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 building was originally constructed in 1840 and renovated in 2015 to combine historic character with modern functionality. The first floor features original hardwood floors and exposed brick alongside contemporary finishes, including a reception area, an open conference space with folding privacy doors, granite counters, and a fireplace that transitions into a library with custom maple cabinetry and quartz countertops. Additional improvements include a tiled kitchenette with dishwasher, two restrooms (including a full bath with shower), and direct access to a flexible garage space with a drive-in door. A steel-wrapped open stairwell with expansive windows and an elevator support convenient circulation. The second floor offers vaulted ceilings with exposed joists, generous open work areas with hardwood floors, and abundant natural light, with a private sundeck accessible via a bright breezeway.

Located at 146 E. Third Street in downtown Lexington, the property is surrounded by retail and restaurants. The building also includes on-site parking with six dedicated spaces, along with additional surface parking nearby. Exterior and major system improvements include a new roof, HVAC systems, windows, elevator, and a porous concrete parking surface.

The layout supports a variety of professional uses, with an open conference and library combination downstairs, larger open workspaces upstairs, and flexible space that could be adapted for additional office use. With elevator service, updated mechanicals, and move-in ready condition, the building is positioned for tenants seeking distinctive, renovated office space in the downtown core.

Key Highlights

  • Prime Downtown Lexington location surrounded by retail and restaurants.
  • Historic building (circa 1840) meticulously renovated in 2015 with modern design and functionality.
  • Move‑in ready with flexible layout suitable for various professional uses and potential modifications.

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

3,472
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 - Move-in ready two-story office with historic finishes, modern upgrades, and elevator access for flexible professional use.
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: Prime Downtown Lexington location surrounded by retail and restaurants.; Historic building (circa 1840) meticulously renovated in 2015 with modern design and functionality.; Move‑in ready with flexible layout suitable for various professional uses and potential modifications.
More about this property
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