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Climate-Controlled Flex Space
For Lease
$30 SF/Yr

1535 Delaware Ave, Lexington, KY 40505

Gated units combine workspace, mezzanine kitchens, private access, and dedicated exterior parking.

Space SizeContact for details
Days on Market162

Property Features for 1535 Delaware Ave

General Information

Standard status Active
Property subtype Industrial
Zoning I-1
Lease Type NNN

Building Details

Year Built 2025

Spaces For Lease

at 1535 Delaware Ave
Available Space $30/Mo
Contact us
Listing Agency: Block & Lot Real Estate
Listed By: Alaina Stokes · License #74753
Source: Kcrea.resimplifi
Added: May 8 Changed: Oct 14 Last Checked: Oct 16 at 5:51AM

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

Rey
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Investment Insights

Based on property information with market context.

The Haven offers 1,280 SF luxury garage-condo units within a 2025 development. Each unit includes fully climate-controlled HVAC with Smart Wi-Fi thermostats, custom dimmable LED lighting, epoxy garage flooring, a finished half bathroom, and 220V outlets. A second-level mezzanine adds hardwood flooring and a kitchen equipped with a wine fridge, dishwasher, refrigerator, freezer, microwave, and ice maker. The 16' automatic garage doors include transom windows, while the units are wired for electric vehicle charging.

The gated property is positioned off Delaware Avenue between Winchester Road and Henry Clay Blvd. Access is controlled through an 11' entrance gate with individual codes, and each unit includes two exterior parking spaces. Additional property features include in-unit security controls, guest entry notification, and a generator for power outages. The property is approximately three minutes from Richmond Road and nine minutes from Hamburg and I-75.

Key Highlights

  • 1,280 SF units with second‑level mezzanine space and kitchen amenities
  • 2025 development with fully climate‑controlled HVAC and Smart Wi‑Fi thermostats
  • 16' automatic garage doors with transom windows

Property Analytics

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Current Use

The Haven Storage Facility Red Draw Development Construction Company Cowgirl Attic/ Reclaimed ... Hardware & Home Improvement

Suggested Use

Top Pick Parking Lot & Garage Pharmacy Nail Salon (Bike/Boat/Book/etc) Store Travel Agency Accounting Firm

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

NNN (Triple Net)
Lease Type
$4.50 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

844
Businesses Nearby
Balanced
Demand for This Use

Demographics for 40505, KY

26,278
Population
12,026
Households
2.2
Avg Household Size
39
Median Age
23%
College-Educated
86%
High-School Grad
8.0 sq mi
ZIP Area
3,285
Density / Sq Mi
$58,922
Median Household Income
$33,517
Median Earnings
$914
Median Rent
$166,300
Median Home Value
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Market

Lease Benchmarks for Lexington, KY

$12.05 /SF/Yr
Avg Asking Price
$6–$30 /SF/Yr
Price Range
24,783 SF
Avg Space Size

This space is priced 149% above the average of $12.05 /SF/Yr.

Vacancy Rate% for Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025

Similar Off Market Nearby

  • Mark Jensen Catering — 120 Sherman Ave, Lexington, KY 40502
  • Entre Vous — 1006 Delaware Ave, Lexington, KY 40505
  • Selma's Catering & Events — 720 Henry Clay Blvd, Lexington, KY 40505
  • Bayleaf Diaspora Kitchen — 962 Delaware Ave, Lexington, KY 40508
  • Vegan Nepal — 962 Delaware Ave, Lexington, KY 40505

Frequently Asked Questions

What type of property is this?
Flex space - Gated units combine workspace, mezzanine kitchens, private access, and dedicated exterior parking.
Where is this flex space located?
The property is located at 1535 Delaware Ave Lexington, KY.
What is the lease rate?
The lease rate is $30 SF/Yr.
What are key features of this property?
This property features: 1,280 SF units with second‑level mezzanine space and kitchen amenities; 2025 development with fully climate‑controlled HVAC and Smart Wi‑Fi thermostats; 16' automatic garage doors with transom windows
More about this property
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