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Freestanding Office Unit
For Lease
$14 SF/Yr

1509 Bull Lea Road, Lexington, KY 40511

Flexible suite combines private offices, open work areas, a kitchenette, and a private restroom.

Space Size1,802 SF
Days on Market209

Property Features for 1509 Bull Lea Road

General Information

Standard status Active
Size 1,802 SF
Net Rentable 1,802 SF
Class A
Total Parking Spaces 73
Property subtype Office
Zoning P-2
Lease Type NNN

Space & Availability

Available Space 1,802 SF
Contiguous Space 1,802 SF
Floor 1
Space Use Office
Available From Immediate

Site & Location

Highway Access Yes
Road Access Yes
Utilities to Site Yes

Amenities

private restroom
kitchenette
redundant electrical power
high-speed data fiber
225-acre city park
Legacy Trail
dog park areas
73 Parking Spaces

Building Details

Year Built 2002
Stories 1

Spaces For Lease

at 1509 Bull Lea Road Contact us

Available Space $14/Mo

Contact us
Listing Agency: Block & Lot Real Estate
Listed By: Peter Barr · License #65116
Source: Kcrea.resimplifi
Added: Feb 4 Changed: Aug 30 Last Checked: Aug 31 at 1:44PM

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 Block & Lot Real Estate

Investment Insights

Based on property information with market context.

This single-story office unit offers approximately 1,802 square feet in a freestanding Class A building completed in 2002. The interior includes private offices alongside open workspace or lab areas, with a kitchenette and dedicated restroom. The existing arrangement supports immediate occupancy while allowing adjustments for tenant-specific requirements.

Located on Bull Lea Road in Lexington, the property provides access to Newtown Pike and the I-64/I-75 corridor. It is positioned within the Coldstream Research Campus and near New Circle Road, placing the suite within a research and technology-oriented business setting. On-site parking includes 73 spaces, with additional reciprocal parking available. The property is zoned P-2.

Key Highlights

  • Approximately ±1,802 square feet of office/lab space
  • Single‑story freestanding Class A construction completed in 2002
  • Combination of private offices and open workspace or lab areas

Property Analytics

Current Use

E & H Integrated ... IT Consulting Firm

Suggested Use

Top Pick Real Estate Agency Dental Office Restaurant Spa & Massage Center Pharmacy Kitchen & Bath Showroom

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
Highway access
Yes
Paved road access
Yes
Utilities to site
NNN (Triple Net)
Lease Type
$2.10 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

274
Businesses Nearby

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

$23.19 /SF/Yr
Avg Asking Price
$1.29–$220 /SF/Yr
Price Range
22,476 SF
Avg Space Size

This space is priced 40% below the average of $23.19 /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
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Frequently Asked Questions

What type of property is this?
Office units - Flexible suite combines private offices, open work areas, a kitchenette, and a private restroom.
Where is this office units located?
The property is located at 1509 Bull Lea Road Lexington, KY.
What is the lease rate?
The lease rate is $14 SF/Yr.
What are key features of this property?
This property features: Approximately ±1,802 square feet of office/lab space; Single‑story freestanding Class A construction completed in 2002; Combination of private offices and open workspace or lab areas
More about this property
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