Flex Building with Two-Level
195 S Forbes Road, Lexington, KY 40511
For Lease
$9 SF/Yr
I-2 zoning and a corner location support a range of industrial operations.
Space Size9,000 SF
Days on Market446
Property Features for 195 S Forbes Road
General Information
Standard status
Size
Net Rentable
Total Parking Spaces
Zoning
Space & Availability
Available Space
Contiguous Space
Space Use
Site & Location
Neighborhood
Road Access
Warehouse & Industrial
Clear Height
Warehouse Space
Office Build-Out
Drive-In Doors
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
The Gibson Company
(859) 224-8833
Listed By:
Ed Richardson · License KY #209184
(859) 559-3456
Source:
Kypropertyhunters
Added: Aug 26, 2025
Changed: Nov 13
Last Checked: Nov 13 at 6:13PM
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 The Gibson Company
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Investment Insights
Based on property information with market context.
This 9,000-square-foot flex building, constructed in 1989, combines 2,730 square feet of office space across two levels with a 6,270-square-foot warehouse. The warehouse has 20-foot ceilings and two drive-in doors, providing direct vehicle access to the work area.
The property is at the corner of S. Forbes Road and Old Frankfort Pike in Lexington, Kentucky. Its I-2 zoning is a key feature for industrial users.
The property is at the corner of S. Forbes Road and Old Frankfort Pike in Lexington, Kentucky. Its I-2 zoning is a key feature for industrial users.
Key Highlights
- 9,000‑square‑foot flex building, built in 1989
- 2,730 square feet of office space across two levels
- 6,270‑square‑foot warehouse with 20‑foot ceilings
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
20 ft
Clear height
2
Drive-in doors
Yes
Paved road access
NNN (Triple Net)
Lease Type
$1.35 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
609
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
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Market
Lease Benchmarks for Lexington, KY
$10.39 /SF/Yr
Avg Asking Price
$6–$22.08 /SF/Yr
Price Range
18,674 SF
Avg Space Size
This space is priced 13% below the average of $10.39 /SF/Yr.
Average Price Trend$/SF/Yr for Flex space in Lexington, KY
Properties on Market for Flex space in Lexington
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - I-2 zoning and a corner location support a range of industrial operations.
Where is this flex space located?
The property is located at 195 S Forbes Road Lexington, KY.
What is the lease rate?
The lease rate is $9 SF/Yr.
What are key features of this property?
This property features: 9,000‑square‑foot flex building, built in 1989; 2,730 square feet of office space across two levels; 6,270‑square‑foot warehouse with 20‑foot ceilings
