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End-Cap Flex Space with Glass Storefront
For Lease
$13 SF/Yr

1585 Mercer Road #130, Lexington, KY 40511

Climate-controlled offices adjoin a warehouse area with drive-in access and LED lighting.

Space Size3,500 SF
Days on Market711

Property Features for 1585 Mercer Road #130

General Information

Standard status Active
Size 3,500 SF
Net Rentable 3,500 SF
Zoning I-1

Space & Availability

Available Space 3,500 SF
Contiguous Space 3,500 SF
Space Use Flex

Warehouse & Industrial

Clear Height 21 ft
Warehouse Space 1,250 SF
Office Build-Out 2,250 SF
Drive-In Doors 1
Drive-In Door Height 14 ft

Building Details

Building Size 3,500 SF
Year Built 2020
Year Renovated 2021
Buildings 1
Stories 1
Listing Agency: Block + Lot Homes
Listed By: Alaina Stokes · License #74753
Source: Bluegrasspropertiesgroup
Added: Nov 26, 2024 Changed: Nov 4 Last Checked: Nov 6 at 12:21AM

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

Rey
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Investment Insights

Based on property information with market context.

Suite 130 offers 3,500 square feet of flex space, divided between 2,250 square feet of office area and 1,250 square feet of warehouse. The office includes two private offices, an open work area, a kitchenette, two restrooms, tall ceilings, polished concrete floors, and a glass storefront. The warehouse has one 14-foot drive-in door, LED lighting, and 19- to 21-foot clear height. The office is climate-controlled.

The property at 1585 Mercer Road is less than one mile from New Circle Road via Georgetown Road. The building was completed in 2020 and expanded in 2021, and the suite is zoned I-1.

Key Highlights

  • 3,500 square feet total: 2,250 square feet of office and 1,250 square feet of warehouse
  • One 14‑foot drive‑in door and 19'-21' warehouse clear height
  • Glass storefront brings natural light into the office area

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

May Demolition Construction Company Mefford Contracting Construction Company Joseph Mefford Physician Rapid Fire Home ... Property Investment Company Handyman Connection of Lexington Hardware & Home Improvement

Suggested Use

Top Pick Real Estate Agency Dental Office Hair Salon Nail Salon Parking Lot & Garage Skin Care Clinic

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

21 ft
Clear height
1
Drive-in doors
NNN (Triple Net)
Lease Type
$1.95 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

219
Businesses Nearby
Under-served
Demand for This Use

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
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 19% above the average of $10.91 /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

  • Firehouse Subs Leestown — 1781 Sharkey Way, Lexington, KY 40511
  • Miss Milolo cuisine — 1718 Sharkey Way, Lexington, KY 40511

Frequently Asked Questions

What type of property is this?
Flex space - Climate-controlled offices adjoin a warehouse area with drive-in access and LED lighting.
Where is this flex space located?
The property is located at 1585 Mercer Road #130 Lexington, KY.
What is the lease rate?
The lease rate is $13 SF/Yr.
What are key features of this property?
This property features: 3,500 square feet total: 2,250 square feet of office and 1,250 square feet of warehouse; One 14‑foot drive‑in door and 19'-21' warehouse clear height; Glass storefront brings natural light into the office area
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