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Office Suite with Reception
For Lease
$700/Mo

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

The layout includes a reception area, three first-floor offices, a bathroom, and an additional office upstairs.

Space SizeContact for details
Property Size912 SF
Days on Market131

Property Features for 1509-1/2 Lexington Road #2

General Information

Standard status Active
Size 912 SF
Zoning B3 Highway Commercial
Lease Term 24 Months

Space & Availability

Space Use Office
Private Offices 4

Site & Location

Road Access Yes
Utilities to Site Yes

Building Details

Building Size 912 SF
Year Built 1980
Buildings 1
Stories 2
Listing Agency: CENTURY 21 Advantage Realty
Listed By: Stacey A Kelly · License #195547
Source: Bluegrasspropertiesgroup
Added: Jun 29 Changed: Nov 6 Last Checked: Nov 6 at 12:07AM

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 has a reception area, three office rooms and a bathroom on the first floor, plus one office on the second floor. Front signage is available, with the tenant responsible for its cost and electricity. Another office area in the building may be combined with this suite.

The property is at 1509-1/2 Lexington Road in Richmond, across from the main entrance to Arlington Country Club. Zoning is B3 Highway Commercial. The building dates to 1980 and is nonsmoking.

Key Highlights

  • 912 SF office suite
  • Reception area, three first‑floor offices, bathroom and one second‑floor office
  • Front signage; tenant pays signage and electric

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
Paved road access
Yes
Utilities to site
NNN (Triple Net)
Lease Type
$1.38 /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 22% 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 - The layout includes a reception area, three first-floor offices, a bathroom, and an additional office upstairs.
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 $700/Mo.
What are key features of this property?
This property features: 912 SF office suite; Reception area, three first‑floor offices, bathroom and one second‑floor office; Front signage; tenant pays signage and electric
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