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First-Floor Office Suite
For Lease
$21 SF/Yr

2312 Alexandria Drive, Lexington, KY 40504

COMMERCIAL - Lexington, KY

Space Size2,691 SF
Property Size14,319 SF
Lot Size2.57 Acres
Days on Market189

Property Features for 2312 Alexandria Drive

General Information

Property type Commercial Lease
Property subtype Office
Zoning description Professional Office
Subdivision Commercial
Directions Harrodsburg Rd/S Broadway outbound to a right on Alexandria Drive just before New Circle. The property is on the right.
Standard status Active
APN 10046540
Size 2,691 SF
Lot size 2.57 Acres

Amenities

common renovated break room
outdoor brick patio
24/7 access
monument signage

Building Details

Year built 1992
Listing Agency: Block + Lot Homes
Listed By: Peter Barr · License #65116
Added: Feb 4 Changed: Aug 4 Last Checked: Aug 12 at 10:06PM
MLS# 26002117

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.

The available office suite encompasses 2,691 RSF on the first floor of a 14,319 SF Class A office building. The space offers walk-in access, in-suite restrooms, and 374 SF of basement storage at no additional charge. Qualified tenants may be considered for a turnkey build-to-suit arrangement based on credit and lease term. Building improvements completed in 2025 include renovated common areas, mechanical systems, windows, landscaping, and parking lot upgrades. Additional features include an elevator, full wet sprinkler coverage, 24/7 access, monument signage, and a shared break room opening onto a brick patio.

Set on 2.57 acres zoned P-1, the property is just inside New Circle Road near Harrodsburg Road in Lexington. The location provides access to New Circle Road, the University of Kentucky, Lexington health care systems, Bluegrass International Airport, Beaumont Centre, and surrounding residential neighborhoods. Parking is provided at a 4/1,000 SF ratio.

Key Highlights

  • 2,691 RSF first‑floor office suite within a 14,319 SF Class A building
  • 374 SF of basement storage included at no additional charge
  • 2025 renovations include mechanical systems, windows, landscaping, and parking lot

Property Analytics

Current Use

Terri Lynn Walling, ... Nursing Home Nickels Katrina S ... Physician Pendleton Phillip E Medical Clinic Frankenfield Rebecca L Medical Clinic

Suggested Use

Top Pick Building Supply Restaurant Auto Repair Shop 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

Yes
Sprinkler system
Yes
Paved road access
NNN (Triple Net)
Lease Type
$3.15 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,999
Businesses Nearby

Demographics for 40504, KY

26,042
Population
13,175
Households
2
Avg Household Size
34
Median Age
32%
College-Educated
84%
High-School Grad
6.2 sq mi
ZIP Area
4,200
Density / Sq Mi
$43,015
Median Household Income
$29,195
Median Earnings
$888
Median Rent
$209,400
Median Home Value

Market

Lease Benchmarks for Lexington, KY

$26.74 /SF/Yr
Avg Asking Price
$1.68–$250 /SF/Yr
Price Range
10,704 SF
Avg Space Size

This space is priced 21% below the average of $26.74 /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 - Office space with direct entry, private restrooms, basement storage, and access to renovated shared amenities.
Where is this office units located?
The property is located at 2312 Alexandria Drive Lexington, KY.
What is the lease rate?
The lease rate is $21 SF/Yr.
What are key features of this property?
This property features: 2,691 RSF first‑floor office suite within a 14,319 SF Class A building; 374 SF of basement storage included at no additional charge; 2025 renovations include mechanical systems, windows, landscaping, and parking lot
More about this property
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