Flex Space with Training
For Lease
$9 SF/Yr
950 Contract Street #100, Lexington, KY 40505
Office-ready layout includes private offices, collaborative work areas, and a dedicated classroom-style room.
Space Size5,950 SF
Days on Market1024
Property Features for 950 Contract Street #100
General Information
Standard status
Active
Size
5,950 SF
Net Rentable
5,950 SF
Total Parking Spaces
35
Zoning
I-1 Light Industrial
Space & Availability
Available Space
5,950 SF
Contiguous Space
5,950 SF
Space Use
Flex
Site & Location
Neighborhood
Meadows/Loudon Nghd Assoc
Highway Access
Yes
Amenities
conference room
break room
training room
Building Details
Building Size
5,950 SF
Year Built
2004
Buildings
1
Stories
1
Listing Agency:
Block + Lot Homes
(859) 309-0099
Listed By:
Peter Barr · License #65116
(859) 351-7924
Source:
Bluegrasspropertiesgroup
Added: Jan 18, 2024
Changed: Nov 4
Last Checked: Nov 6 at 12:40AM
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.
This 5,950-square-foot flex unit is currently configured for office and training use. The layout includes six offices, a conference room, a break room, two open work areas, an IT room, and a large training room. Built in 2004, the property is zoned I-1 Light Industrial and has 30 parking spaces. The landlord is willing to remove part of the office buildout and add either an exterior truck dock or a drive-in door, allowing for a revised office and warehouse configuration.
The property is near New Circle Road and I-75 in Lexington. Its existing interior supports office and classroom functions, with the option for a warehouse component subject to the landlord's proposed work.
The property is near New Circle Road and I-75 in Lexington. Its existing interior supports office and classroom functions, with the option for a warehouse component subject to the landlord's proposed work.
Key Highlights
- 5,950 SF of flex space with a potential office‑and‑warehouse configuration
- Six offices, conference room, break room, two open work areas, IT room, and training room
- Landlord willing to add an exterior truck dock or drive‑in door as part of office removal
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
NNN (Triple Net)
Lease Type
$1.35 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
917
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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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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
Similar Off Market Nearby
- Athenian Grill Office — 1117 Winchester Rd, Lexington, KY 40505
- Up In Smome BBQ - Food truck and Catering — 1650 Bryan Station Rd, Lexington, KY 40505
Frequently Asked Questions
What type of property is this?
Flex space - Office-ready layout includes private offices, collaborative work areas, and a dedicated classroom-style room.
Where is this flex space located?
The property is located at 950 Contract Street #100 Lexington, KY.
What is the lease rate?
The lease rate is $9 SF/Yr.
What are key features of this property?
This property features: 5,950 SF of flex space with a potential office‑and‑warehouse configuration; Six offices, conference room, break room, two open work areas, IT room, and training room; Landlord willing to add an exterior truck dock or drive‑in door as part of office removal
