Listing Agency: The Agency a***@theagencyky.com Show Phone

Listed By: Sandy E Allnutt · License #198211 Show Phone

Source: Exprealty

Added: Jan 28 Changed: Nov 1 Last Checked: Nov 4 at 6:54PM

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Investment Insights

Based on property information with market context.

This second-floor office suite offers a practical mix of private and collaborative space. The layout includes six private offices, two open workspaces or flex areas, and a very spacious welcoming lobby/reception with a large granite counter reception desk. Additional interior conveniences include a break room with a sink, refrigerator, and cabinets, plus a large storage room. Common area bathrooms are available, and elevator access supports convenient movement within the building.

The space is positioned for easy access off Harrodsburg Rd and New Circle Rd in Lexington’s business corridor. The property provides ample parking and an onsite trash dumpster. Tenant-day-to-day needs are supported by nearby restaurants along the Beaumont and Harrodsburg Rd corridor.

Utilities are included in the lease, with the note that there are no extra fees provided there are no significant electrical needs such as machinery requirements. This makes the suite a straightforward fit for professional office users seeking established work rooms, a dedicated reception area, and elevator-supported access.

Key Highlights

• Second‑floor office suite off Harrodsburg Rd and New Circle Rd with elevator accessibility and common area bathrooms
• Suite layout includes 6 private offices plus two open workspaces/flex spaces
• Spacious lobby/reception area with large granite counter reception desk

Property Analytics

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

Open Analytics

Current Use

Office Units

Suggested Use

Top Pick Building Supply Auto Repair Shop Restaurant Big Box & Wholesale Store Auto Parts Store Hair Salon

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

$2.25 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

1,533

Businesses Nearby

Explore this area Business Placement

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

$23.9 /SF/Yr

Avg Asking Price

$1.29–$220 /SF/Yr

Price Range

16,487 SF

Avg Space Size

This space is priced 37% below the average of $23.9 /SF/Yr.

Average Price Trend$/SF/Yr for Office Units in Lexington, KY

$28.13 Jul

$23.2 Aug

$23.2 Sep

$23.36 Oct

Properties on Market for Office Units in Lexington

Jul

Aug

Sep

Oct

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

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Frequently Asked Questions

What type of property is this?

Office unit - Second-floor office suite with private offices, open work areas, and a spacious reception lobby.

Where is this office unit located?

The property is located at 201-860 Corporate Dr Lexington, KY.

What is the lease rate?

The lease rate is $15 SF/Yr.

What are key features of this property?

This property features: Second‑floor office suite off Harrodsburg Rd and New Circle Rd with elevator accessibility and common area bathrooms; Suite layout includes 6 private offices plus two open workspaces/flex spaces; Spacious lobby/reception area with large granite counter reception desk