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Medical Office Space
For Lease
$15 SF/Yr Modified Gross

2134 Nicholasville Rd, Lexington, KY 40503

Office suite with front and rear parking areas in a P-1-zoned property.

Space Size3,000 SF
Days on Market108

Property Features for 2134 Nicholasville Rd

General Information

Standard status Active
Size 3,000 SF
Net Rentable 3,000 SF
Property subtype Healthcare
Zoning P-1
Lease Type Modified Gross

Space & Availability

Available Space 3,000 SF
Contiguous Space 3,000 SF
Space Use Office

Amenities

Power
Water
Sewer
Natural Gas
Vacant

Building Details

Year Built 1962

Spaces For Lease

at 2134 Nicholasville Rd Contact us

Available Space $15/Mo

Contact us

Available Space $1,200/Mo

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Listing Agency: The Gibson Company
Listed By: Ed Richardson · License #209184
Source: Kcrea.resimplifi
Added: Jul 1 Changed: Oct 13 Last Checked: Oct 16 at 5:53AM

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 medical office offering includes 3,000 square feet of office space within a 19,000-square-foot property. The suite previously served as an orthodontist office and is part of a building constructed in 1962.

Parking is available in two areas positioned at the front and rear of the building. The property is located at 2134 Nicholasville Rd in Lexington, Kentucky, and carries P-1 zoning.

Key Highlights

  • 3,000 SF office space available for lease
  • Former orthodontist office configuration
  • Two parking areas located at the front and rear of the building

Property Analytics

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Current Use

Associated Family Dental ... Dental Office Thurn Steven F ... Accounting Firm Shaunna Ramsdale Johanneman Dental Office Precision Massage LLC Alternative Medicine Practice Inverness Capital Mortgage Loan Service

Suggested Use

Top Pick Parking Lot & Garage Locksmith Grocery & Convenience Store Catering Service Butcher 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
$2.25 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,197
Businesses Nearby
Well-served
Demand for This Use

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Lexington, KY

$15.98 /SF/Yr
Avg Asking Price
$1.29–$30.04 /SF/Yr
Price Range
7,266 SF
Avg Space Size

This space is priced 6% below the average of $15.98 /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

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  • Lexington Veterinary Rehabilitation — 102 Dennis Dr, Lexington, KY 40503
  • Blue Paw Primary Pet Care — 185 Pasadena Dr, Lexington, KY 40503

Frequently Asked Questions

What type of property is this?
Medical Office Space - Office suite with front and rear parking areas in a P-1-zoned property.
Where is this medical office space located?
The property is located at 2134 Nicholasville Rd Lexington, KY.
What is the lease rate?
The lease rate is $15 SF/Yr.
What are key features of this property?
This property features: 3,000 SF office space available for lease; Former orthodontist office configuration; Two parking areas located at the front and rear of the building
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