Renovated Flex Industrial
For Lease
$7.50 SF/Yr
Pending
176 Turner Commons Way, Lexington, KY 40508
Commercial Lease, Lexington, KY
Space Size6,000 SF - 7,405 SF
Lot Size14.21 Acres
Days on Market1173
Property Features for 176 Turner Commons Way
General Information
Property type
Commercial Lease
Property subtype
Other
Zoning description
I-1
Subdivision
Commercial
Directions
Heading West on Main Street, the property is located in The Commons on the right.
Standard status
Pending
APN
20130900-2
Size
7,405 SF
Lot size
14.21 Acres
Amenities
walking trails and abundant green space
security patrol with surveillance cameras
convenient surface parking with LED lighting
Building Details
Floors in Building
1
Listing Agency:
Block + Lot Homes
(859) 309-0099
Listed By:
Amy P Mellinger · License #210462
(859) 619-5369
Added: Aug 1, 2023
Changed: Oct 8
Last Checked: Oct 16 at 6:06PM
MLS# 23014579
Copyright © 2026 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex space at The Commons offers 7,405 square feet within a 14.21-acre mixed-use development. The facility was built in 1959 and renovated in 2023, with a new metal roof, concrete slab floors, LED lighting, gas heating, and a dry sprinkler system. Interior features include 15-foot by 17-foot column spacing, ceiling heights ranging from 13 to 28 feet, 200 AMP electrical service, and available drive-in doors. The property is zoned I-1 Light Industrial.
Located at 176 Turner Commons Way in Lexington, the facility is less than 5 miles from I-75 and I-64, under 1 mile from New Circle Road, and near Downtown and Lexington’s Central Business District. The Commons provides surface parking with LED lighting, walking trails, green space, and security patrol supported by surveillance cameras.
Located at 176 Turner Commons Way in Lexington, the facility is less than 5 miles from I-75 and I-64, under 1 mile from New Circle Road, and near Downtown and Lexington’s Central Business District. The Commons provides surface parking with LED lighting, walking trails, green space, and security patrol supported by surveillance cameras.
Key Highlights
- 7,405‑square‑foot flex/industrial facility
- Built in 1959; renovated in 2023
- 13'-28' ceiling heights with 15' x 17' column spacing
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Sprinkler system
Yes
Highway access
NNN (Triple Net)
Lease Type
$1.13 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
416
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 40508, KY
25,586
Population
11,458
Households
2.2
Avg Household Size
26
Median Age
36%
College-Educated
86%
High-School Grad
4.2 sq mi
ZIP Area
6,092
Density / Sq Mi
$28,040
Median Household Income
$13,316
Median Earnings
$900
Median Rent
$174,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 38% below the average of $12.05 /SF/Yr.
Vacancy Rate% for Industrial in South region
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 - Adaptable light-industrial space with drive-in access, upgraded building systems, and proximity to downtown Lexington.
Where is this flex space located?
The property is located at 176 Turner Commons Way Lexington, KY.
What is the lease rate?
The lease rate is $7.50 SF/Yr.
What are key features of this property?
This property features: 7,405‑square‑foot flex/industrial facility; Built in 1959; renovated in 2023; 13'-28' ceiling heights with 15' x 17' column spacing
