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Two-Story Office Unit
For Lease
$1,600/Mo

1509-1/2 Lexington Road #3&4, Richmond, KY 40475

The suite offers a conference room, multiple private offices, and shared parking at the front and rear.

Space SizeContact for details
Property Size1,770 SF
Days on Market130

Property Features for 1509-1/2 Lexington Road #3&4

General Information

Standard status Active
Size 1,770 SF
Zoning B-3 Highway Commercial
Lease Term 24 Months

Space & Availability

Space Use Office
Private Offices 5
Meeting Rooms 1

Additional Details

Utilities Included in Rent water
Road Access Yes

Amenities

parking
shared snow removal
shared garbage container
visible signage

Building Details

Building Size 1,770 SF
Year Built 1980
Buildings 1
Stories 2
Tenancy Multi
Listing Agency: CENTURY 21 Advantage Realty
Listed By: Stacey A Kelly · License #195547
Source: Bluegrasspropertiesgroup
Added: Jun 30 Changed: Nov 4 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 two-story office unit contains 1,770 square feet. The first floor has an open front room with LVP flooring installed in 2024, a conference room, a half bathroom, and a separate office. Upstairs are an open front area, four enclosed offices, and a full bathroom. The building dates to 1980.

Shared parking is available at both the front and rear of the property. Tenants pay for electricity and share snow removal; water and one shared garbage container are provided by the landlord. An additional garage can is available if needed, and signage is tenant-paid. Office 2 may also be leased and combined with this space for a business requiring additional area.

Key Highlights

  • 1,770‑square‑foot office unit across two floors
  • Four separate offices and a full bathroom on the second floor
  • First‑floor conference room, separate office, and half bathroom

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

Multi-tenant
Tenancy
Yes
Paved road access
NNN (Triple Net)
Lease Type
$1.63 /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 8% 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 suite offers a conference room, multiple private offices, and shared parking at the front and rear.
Where is this office unit located?
The property is located at 1509-1/2 Lexington Road #3&4 Richmond, KY.
What is the lease rate?
The lease rate is $1,600/Mo.
What are key features of this property?
This property features: 1,770‑square‑foot office unit across two floors; Four separate offices and a full bathroom on the second floor; First‑floor conference room, separate office, and half bathroom
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