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Single-Story Office Building
For Lease
$16.50 SF/Yr Modified Gross

177 Burt Rd, Lexington, KY 40503

P-1-zoned office property with divisible lease space and ample parking.

Space Size4,335 SF - 8,670 SF
Property Size13,004 SF
Days on Market940

Property Features for 177 Burt Rd

General Information

Standard status Active
Size 4,335 SF - 8,670 SF
Net Rentable 4,335 SF
Property subtype Office
Zoning P-1
Lease Type Modified Gross

Space & Availability

Available Space 4,335-8,670 SF
Contiguous Space 8,670 SF
Divisible Yes
Floor 1
Space Use Office
Sublease No

Lease Terms

Lease Rate $16.50 /USD/SF/YR
Monthly Rent $5,960-$11,921
Rent per SF/Year $16.50

Building Details

Year Built 1985
Stories 1
Building Size 13,004 SF

Spaces For Lease

at 177 Burt Rd Contact us

Available Space $16.50/Mo

Contact us
Listing Agency: NAI Isaac
Listed By: Jim Holbrook · License #67671
Source: Kcrea.resimplifi
Added: Feb 6, 2024 Changed: Aug 31 Last Checked: Sep 2 at 1:57PM

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 NAI Isaac

Investment Insights

Based on property information with market context.

This single-story office property contains 13,004 SF, with approximately 8,670 SF available for lease and a minimum divisible area of approximately 4,335 SF. Built in 1985, the building is zoned P-1 and includes ample parking. The available space may accommodate office or medical office use, consistent with the property’s stated positioning and surrounding commercial context.

The property is located at 177 Burt Rd in Lexington, approximately ½ mile from Baptist Health Hospital, 2 miles from the University of Kentucky campus, 3 miles from downtown, and 5 miles from Blue Grass Airport. Nearby uses include retail, restaurants, office, and medical office properties, providing a varied commercial setting for occupants.

Key Highlights

  • 13,004 SF single‑story office building constructed in 1985
  • Approximately 8,670 SF available for lease
  • Minimum divisible area of approximately 4,335 SF

Property Analytics

Current Use

Lexington dermatology Corporate Office Dr. John G. ... Physician Rebecca R. Davies, ... Physician CALEB ROWE Physician Beebe III Morris ... Physician

Suggested Use

Top Pick Parking Lot & Garage Grocery & Convenience Store Locksmith Catering Service Electrical Service Nursing Home

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

NNN (Triple Net)
Lease Type
$2.48 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,930
Businesses Nearby

Demographics for 40503, KY

28,073
Population
13,437
Households
2.1
Avg Household Size
39
Median Age
57%
College-Educated
96%
High-School Grad
8.8 sq mi
ZIP Area
3,190
Density / Sq Mi
$74,161
Median Household Income
$43,061
Median Earnings
$1,110
Median Rent
$280,000
Median Home Value

Market

Lease Benchmarks for Lexington, KY

$23.19 /SF/Yr
Avg Asking Price
$1.29–$220 /SF/Yr
Price Range
22,476 SF
Avg Space Size

This space is priced 29% below the average of $23.19 /SF/Yr.

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - P-1-zoned office property with divisible lease space and ample parking.
Where is this office units located?
The property is located at 177 Burt Rd Lexington, KY.
What is the lease rate?
The lease rate is $16.50 SF/Yr.
What are key features of this property?
This property features: 13,004 SF single‑story office building constructed in 1985; Approximately 8,670 SF available for lease; Minimum divisible area of approximately 4,335 SF
More about this property
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