Renovated Flex
For Lease
$7.50 SF/Yr
Pending
176 Turner Commons Way, Lexington, KY 40508
COMMERCIAL - Lexington, KY
Space Size6,000 SF - 7,405 SF
Lot Size14.21 Acres
Days on Market1126
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
Abundant green space
Security patrol with surveillance cameras
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: Aug 4
Last Checked: Aug 30 at 5:06PM
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.
Investment Insights
Based on property information with market context.
This flex/industrial property provides 6,000–7,405 square feet of available space within a facility built in 1959 and renovated in 2023. Improvements include LED lighting, 13- to 28-foot ceiling heights, 15' x 17' column spacing, concrete slab flooring, gas heat, a dry sprinkler system, a new metal roof, and 200 AMP electrical service. Drive-in doors are available, supporting a range of light-industrial and flex configurations.
The property is located at 176 Turner Commons Way in The Commons, a mixed-use development in Lexington. It is less than 5 miles from I-75 and I-64, under a mile from New Circle Road, and blocks from Downtown and Lexington's Central Business District. Surface parking with LED lighting, walking trails, green space, and security patrol with surveillance cameras are also provided.
The property is located at 176 Turner Commons Way in The Commons, a mixed-use development in Lexington. It is less than 5 miles from I-75 and I-64, under a mile from New Circle Road, and blocks from Downtown and Lexington's Central Business District. Surface parking with LED lighting, walking trails, green space, and security patrol with surveillance cameras are also provided.
Key Highlights
- 6,000–7,405 square feet of available flex/industrial space
- Built in 1959; renovated in 2023
- 13'–28' ceiling heights with 15' x 17' column spacing
Property Analytics
Property Profile
Current Use
Lease Details
28 ft
Clear height
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
Market
Lease Benchmarks for Lexington, KY
$11.1 /SF/Yr
Avg Asking Price
$6–$30 /SF/Yr
Price Range
29,135 SF
Avg Space Size
This space is priced 32% below the average of $11.1 /SF/Yr.
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial space offers adaptable layouts, drive-in access, and light-industrial zoning within a mixed-use development.
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: 6,000–7,405 square feet of available flex/industrial space; Built in 1959; renovated in 2023; 13'–28' ceiling heights with 15' x 17' column spacing
