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Standalone Flex Space with Drive-In Doors
For Lease
$12 SF/Yr

2412 Palumbo Drive, Lexington, KY 40509

I-1-zoned property with office areas, a break room, and multiple drive-in doors.

Space SizeContact for details
Days on Market116

Property Features for 2412 Palumbo Drive

General Information

Standard status Active
Property subtype Industrial
Zoning I-1
Lease Type NNN

Space & Availability

Space Use Flex
Available From Immediate

Additional Details

Highway Access Yes
Three-Phase Power Yes

Building Details

Year Built 2011

Spaces For Lease

at 2412 Palumbo Drive
Available Space $12/Mo
Contact us
Listing Agency: Block & Lot Real Estate
Listed By: Amy Mellinger · License #210462
Source: Kcrea.resimplifi
Added: Jun 24 Changed: Oct 15 Last Checked: Oct 16 at 5:44AM

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 Block & Lot Real Estate

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Investment Insights

Based on property information with market context.

Available now, this standalone flex property offers 3,045 square feet of space in an I-1-zoned building constructed in 2011. The layout includes several offices, a break room, and multiple drive-in doors, supporting a combination of administrative and operational functions within one facility.

The property provides access to I-75, New Circle Road, and Downtown Lexington. Area retail is located nearby, adding surrounding commercial context for users seeking a flex-oriented location with regional road connections. The building is available for lease.

Key Highlights

  • 3,045‑square‑foot flex property built in 2011
  • I‑1 zoning
  • Several offices and a break room

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Parking Lot & Garage HVAC Service Electrical Service

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
Highway access
NNN (Triple Net)
Lease Type
$1.80 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

523
Businesses Nearby
Under-served
Demand for This Use

Demographics for 40509, KY

44,572
Population
19,802
Households
2.3
Avg Household Size
36
Median Age
57%
College-Educated
95%
High-School Grad
47.8 sq mi
ZIP Area
932
Density / Sq Mi
$89,429
Median Household Income
$52,489
Median Earnings
$1,317
Median Rent
$338,200
Median Home Value

Market

Lease Benchmarks for Lexington, KY

$12.05 /SF/Yr
Avg Asking Price
$6–$30 /SF/Yr
Price Range
24,783 SF
Avg Space Size

Vacancy Rate% for Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025

Frequently Asked Questions

What type of property is this?
Flex space - I-1-zoned property with office areas, a break room, and multiple drive-in doors.
Where is this flex space located?
The property is located at 2412 Palumbo Drive Lexington, KY.
What is the lease rate?
The lease rate is $12 SF/Yr.
What are key features of this property?
This property features: 3,045‑square‑foot flex property built in 2011; I‑1 zoning; Several offices and a break room
More about this property
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