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Office Suite with Signage Space

1509 1/2 Lexington Road #2, Richmond, KY 40475

For Lease
$650/Mo

B-3-zoned suite includes a reception area, several offices, and a restroom across two floors.

Space SizeContact for details
Property Size912 SF
Days on Market851

Property Features for 1509 1/2 Lexington Road #2

General Information

Standard status Active
Size 912 SF
Total Parking Spaces 5
Zoning B-3

Space & Availability

Floor Floors 1-2
Space Use Office
Private Offices 4

Additional Details

Utilities to Site Yes

Amenities

nonsmoking building

Building Details

Building Size 912 SF
Year Built 1980
Stories 2
Listing Agency: CENTURY 21 Advantage Realty
Listed By: Stacey A Kelly · License KY #195547
Source: Bluegrasspropertiesgroup
Added: Jul 15, 2024 Changed: Nov 5 Last Checked: Nov 11 at 12:59AM

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 CENTURY 21 Advantage Realty

Rey
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Investment Insights

Based on property information with market context.

This 912-square-foot office suite is arranged over two floors. The first floor has a reception area, three additional rooms, and a restroom; a separate office is located upstairs. The building was constructed in 1980 and is designated B-3.

The property is at 1509 1/2 Lexington Road in Richmond, with signage space facing the main road. The tenant is responsible for interior maintenance and electricity, pays for its sign, and shares snow removal with two other tenants. The building is nonsmoking.

Key Highlights

  • 912‑square‑foot office suite arranged over two floors
  • Reception area, three first‑floor rooms, restroom, and one second‑floor office
  • Signage space facing the main road

Property Analytics

Current Use

Richmond Fire Extinguishers ... Insurance Agency

Suggested Use

Top Pick Real Estate Agency Restaurant Dental Office Hair Salon Building Supply Nail Salon

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
$1.28 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

140
Businesses Nearby

Demographics for 40475, KY

62,531
Population
28,118
Households
2.2
Avg Household Size
35
Median Age
37%
College-Educated
93%
High-School Grad
287.3 sq mi
ZIP Area
218
Density / Sq Mi
$62,731
Median Household Income
$35,102
Median Earnings
$863
Median Rent
$232,700
Median Home Value

Market

Lease Benchmarks for Richmond, KY

$11.77 /SF/Yr
Avg Asking Price
$4.57–$16.12 /SF/Yr
Price Range
2,481 SF
Avg Space Size

This space is priced 27% below the average of $11.77 /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 unit - B-3-zoned suite includes a reception area, several offices, and a restroom across two floors.
Where is this office unit located?
The property is located at 1509 1/2 Lexington Road #2 Richmond, KY.
What is the lease rate?
The lease rate is $650/Mo.
What are key features of this property?
This property features: 912‑square‑foot office suite arranged over two floors; Reception area, three first‑floor rooms, restroom, and one second‑floor office; Signage space facing the main road
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