Flex Space with Drive-In
For Lease
$10.75 SF/Yr
2416 Palumbo Drive, Lexington, KY 40509
I-1-zoned facility combines office and warehouse functionality with planned interior improvements.
Space SizeContact for details
Days on Market73
Property Features for 2416 Palumbo Drive
General Information
Standard status
Active
Property subtype
Industrial
Zoning
I-1
Lease Type
NNN
Building Details
Year Built
1970
Spaces For Lease
at 2416 Palumbo Drive
Available Space
$10.75/Mo
Listing Agency:
Block & Lot Real Estate
Listed By:
Peter Barr · License #65116
(859) 351-7924
Source:
Kcrea.resimplifi
Added: Aug 5
Changed: Oct 3
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 Block & Lot Real Estate
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Investment Insights
Based on property information with market context.
This 8,640 SF concrete block flex and industrial facility occupies 0.52 acres and was constructed in 1970. Suite 130 provides 2,933 SF with an approximately balanced office and warehouse layout, including a large private office, open lobby/storefront, two restrooms, break room, air-conditioned shop room, and a 10' x 10' drive-in door. The building offers 15' clear height, fluorescent lighting, 3-phase electric, approximately 20 parking spaces, and tenant building signage. Planned work includes painting throughout, new LVT flooring and ceiling tile in the front office, removal of the warehouse drop ceiling, and LED lighting in both areas.
The property is located between New Circle Road and Man O War Boulevard, with proximity to I-75 and I-64. Zoning is I-1, identified as Light Industrial.
The property is located between New Circle Road and Man O War Boulevard, with proximity to I-75 and I-64. Zoning is I-1, identified as Light Industrial.
Key Highlights
- 2,933 SF Suite 130 with an approximately 50% office and 50% warehouse layout
- 8,640 SF building on 0.52 acres; constructed in 1970
- 10' x 10' drive‑in doors and 15' clear height
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
$1.61 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
523
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
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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
This space is priced 11% below the average of $12.05 /SF/Yr.
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Flex space - I-1-zoned facility combines office and warehouse functionality with planned interior improvements.
Where is this flex space located?
The property is located at 2416 Palumbo Drive Lexington, KY.
What is the lease rate?
The lease rate is $10.75 SF/Yr.
What are key features of this property?
This property features: 2,933 SF Suite 130 with an approximately 50% office and 50% warehouse layout; 8,640 SF building on 0.52 acres; constructed in 1970; 10' x 10' drive‑in doors and 15' clear height
