Endcap Flex
For Lease
$9 SF/Yr
2424 Palumbo Drive #110, Lexington, KY 40509
Office, showroom, and warehouse areas are combined within a light-industrial facility.
Space Size3,293 SF
Lot Size0.52 Acres
Days on Market928
Property Features for 2424 Palumbo Drive #110
General Information
Standard status
Active
Size
3,293 SF
Net Rentable
3,293 SF
Total Parking Spaces
35
Lot size
0.52 Acres
Zoning
I-1 Light Industrial
Space & Availability
Available Space
3,293 SF
Contiguous Space
3,293 SF
Space Use
Flex
Site & Location
Neighborhood
Liberty Area Nghd Assoc
Warehouse & Industrial
Clear Height
16 ft
Warehouse Space
1,661 SF
Office Build-Out
1,632 SF
Drive-In Doors
1
Three-Phase Power
Yes
Drive-In Door Height
12 ft
Warehouse Heated
Yes
Amenities
Building/Monument Signage
Building Details
Building Size
3,293 SF
Year Built
1970
Year Renovated
2013
Buildings
1
Stories
1
Construction
concrete block
Listing Agency:
Block + Lot Homes
(859) 309-0099
Listed By:
Peter Barr · License #65116
(859) 351-7924
Source:
Bluegrasspropertiesgroup
Added: Apr 23, 2024
Changed: Nov 4
Last Checked: Nov 6 at 12:44AM
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 Homes
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Investment Insights
Based on property information with market context.
Suite 110 contains 3,293 SF, divided between 1,632 SF of office space and a 1,661 SF warehouse. The office area includes reception, four private offices, an open office/showroom, a conference room, two restrooms, a breakroom, and storage. The warehouse offers 16' clear height and a 10' x 12' drive-in door. The concrete-block facility was built in 1970 and renovated in 2013; building-wide features include fluorescent lighting, three-phase electric, suspended gas heat in the warehouse, and signage availability for tenants.
The 0.515-acre property is zoned I-1 Light Industrial and has approximately 25 parking spaces. It sits between New Circle Road and Man O War Boulevard, approximately 3.5 miles from the I-75/I-64 interchange.
The 0.515-acre property is zoned I-1 Light Industrial and has approximately 25 parking spaces. It sits between New Circle Road and Man O War Boulevard, approximately 3.5 miles from the I-75/I-64 interchange.
Key Highlights
- 3,293 SF endcap suite with 1,632 SF of office space and 1,661 SF of warehouse
- Office area includes reception, four offices, open office/showroom, conference room, two restrooms, breakroom, and storage
- Warehouse has 16' clear height and one 10' x 12' drive‑in door
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
16 ft
Clear height
1
Drive-in doors
NNN (Triple Net)
Lease Type
$1.35 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
523
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 40509, KY
44,572
Population
19,802
Households
2.3
Avg Household Size
36
Median Age
57%
College-Educated
95%
High-School Grad
47.8 sq mi
ZIP Area
932
Density / Sq Mi
$89,429
Median Household Income
$52,489
Median Earnings
$1,317
Median Rent
$338,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Lexington, KY
$10.91 /SF/Yr
Avg Asking Price
$6–$30 /SF/Yr
Price Range
25,466 SF
Avg Space Size
This space is priced 17% below the average of $10.91 /SF/Yr.
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Office, showroom, and warehouse areas are combined within a light-industrial facility.
Where is this flex space located?
The property is located at 2424 Palumbo Drive #110 Lexington, KY.
What is the lease rate?
The lease rate is $9 SF/Yr.
What are key features of this property?
This property features: 3,293 SF endcap suite with 1,632 SF of office space and 1,661 SF of warehouse; Office area includes reception, four offices, open office/showroom, conference room, two restrooms, breakroom, and storage; Warehouse has 16' clear height and one 10' x 12' drive‑in door
