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Lower-Level Office Space
For Lease
$7,200/Mo

15-120 Kentucky Ave, Lexington, KY 40502

P-1 zoning and on-site management support a professionally managed office setting.

Space SizeContact for details
Days on Market24

Property Features for 15-120 Kentucky Ave

General Information

Standard status Active
Zoning P-1

Space & Availability

Floor Lower Level
Space Use Office

Additional Details

Utilities to Site Yes

Amenities

landscaped grounds
free parking
on-site management
monument signage
building signage
water included
sewer included
trash collection included
grounds maintenance included
Listing Agency: Turf Town Properties
Listed By: J. Richard Queen · License #198662
Source: Exprealty
Added: Sep 24 Changed: Oct 16 Last Checked: Oct 16 at 9:10AM

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 Turf Town Properties

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

Lower-level office space is available at 15-120 Kentucky Ave in Lexington. The property is zoned P-1 and offers on-site management, free parking, and opportunities for monument and building signage. Water, sewer, trash collection, and grounds maintenance are included, with no CAM fees.

The property is described as convenient to Downtown, the University of Kentucky, Woodland Park, and Chevy Chase.

Key Highlights

  • Lower‑level office space zoned P‑1
  • Free parking and on‑site management
  • Monument and building signage available

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Auto Parts Store HVAC Service Locksmith Garden Center (Bike/Boat/Book/etc) Store Mobile Phone Store

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

Yes
Utilities to site
NNN (Triple Net)
Lease Type
$18.76 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,432
Businesses Nearby

Demographics for 40502, KY

26,080
Population
14,232
Households
1.8
Avg Household Size
40
Median Age
67%
College-Educated
96%
High-School Grad
7.1 sq mi
ZIP Area
3,673
Density / Sq Mi
$73,939
Median Household Income
$46,197
Median Earnings
$1,068
Median Rent
$483,600
Median Home Value

Market

Lease Benchmarks for Lexington, KY

$24.17 /SF/Yr
Avg Asking Price
$1.29–$220 /SF/Yr
Price Range
16,175 SF
Avg Space Size

This space is priced 417% above the average of $24.17 /SF/Yr.

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

Frequently Asked Questions

What type of property is this?
Office units - P-1 zoning and on-site management support a professionally managed office setting.
Where is this office units located?
The property is located at 15-120 Kentucky Ave Lexington, KY.
What is the lease rate?
The lease rate is $7,200/Mo.
What are key features of this property?
This property features: Lower‑level office space zoned P‑1; Free parking and on‑site management; Monument and building signage available
More about this property
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