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Flex Space with Rear Warehouse Area
For Lease
$4,500/Mo

1465 Leestown Road, Lexington, KY 40511

COMMERCIAL - Lexington, KY

Space SizeContact for details
Lot Size0.28 Acres
Days on Market100

Property Features for 1465 Leestown Road

General Information

Property type Commercial Lease
Property subtype Retail
Zoning description B1
Parking 20
Subdivision Meadowthorpe
Directions From the interstate northbound turn on exit 113 and head towards lexington. turn right onto broadway and then turn right on new circle west. take exit 7 and heads toward lexington frankfort. turn left into parking lot.
Standard status Active
APN 16854200
Size 4,500 SF
Lot size 0.28 Acres

Utilities

Sewer type Public Sewer

Building Details

Year built 1953
Listing Agency: High Point Realty & Auction
Listed By: Kenneth Degrant · License #244885
Added: May 15 Changed: Aug 4 Last Checked: Aug 22 at 11:06AM
MLS# 26010960

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.

Flex space available for lease at 1465 Leestown Road in Lexington, Kentucky 40511. The property sits on a 0.28-acre lot with a 4,500 SF building and was built in 1953. Public sewer service is available on-site.

The layout is suited to retail operations needing additional back-of-house space, with warehouse area located in the back. The property also offers plenty of parking, supporting customer and employee access.

Ideal for tenants looking for a single facility that combines storefront frontage with practical warehouse space for storage or distribution, while maintaining an easy parking setup for day-to-day operations.

Key Highlights

  • 4,500 SF flex space built in 1953
  • 0.28‑acre lot at 1465 Leestown Road, Lexington, KY 40511
  • Warehouse area in the back for retail and storage workflows

Property Analytics

Current Use

vip smoke shop ... (Bike/Boat/Book/etc) Store MarketPlace Campbell and Company (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Hair Salon Dental Office Nail Salon Real Estate Agency HVAC Service Skin Care 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

NNN (Triple Net)
Lease Type
$1.80 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

609
Businesses Nearby
Under-served
Demand for This Use

Demographics for 40511, KY

36,146
Population
14,963
Households
2.4
Avg Household Size
35
Median Age
38%
College-Educated
89%
High-School Grad
86.0 sq mi
ZIP Area
420
Density / Sq Mi
$77,476
Median Household Income
$43,416
Median Earnings
$1,159
Median Rent
$233,400
Median Home Value

Market

Lease Benchmarks for Lexington, KY

$11.22 /SF/Yr
Avg Asking Price
$6–$30 /SF/Yr
Price Range
29,124 SF
Avg Space Size

This space is priced 7% above the average of $11.22 /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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Similar Off Market Nearby

  • Firehouse Subs Leestown 1781 Sharkey Way, Lexington, KY 40511
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Frequently Asked Questions

What type of property is this?
Flex space - Flex space on Leestown Road with plenty of parking and warehouse area in the back, served by public sewer.
Where is this flex space located?
The property is located at 1465 Leestown Road Lexington, KY.
What is the lease rate?
The lease rate is $4,500/Mo.
What are key features of this property?
This property features: 4,500 SF flex space built in 1953; 0.28‑acre lot at 1465 Leestown Road, Lexington, KY 40511; Warehouse area in the back for retail and storage workflows
More about this property
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