Flex Suite with Drive-In
For Lease
$9 SF/Yr
2424 Palumbo Drive #130, Lexington, KY 40509
An office-and-warehouse layout includes dedicated offices, storage, and two restrooms.
Space Size2,965 SF
Lot Size0.52 Acres
Days on Market506
Property Features for 2424 Palumbo Drive #130
General Information
Standard status
Active
Size
2,965 SF
Net Rentable
2,965 SF
Total Parking Spaces
35
Lot size
0.52 Acres
Zoning
I-1
Space & Availability
Available Space
2,965 SF
Contiguous Space
2,965 SF
Space Use
Flex
Site & Location
Neighborhood
Liberty Area Nghd Assoc
Warehouse & Industrial
Clear Height
16 ft
Warehouse Space
2,059 SF
Office Build-Out
906 SF
Drive-In Doors
1
Three-Phase Power
Yes
Drive-In Door Height
12 ft
Amenities
building signage
Building Details
Building Size
2,965 SF
Year Built
1970
Year Renovated
2013
Buildings
1
Stories
1
Construction
concrete block
Listing Agency:
Block + Lot Homes
(859) 309-0099
Listed By:
Peter Barr · License #65116
(859) 351-7924
Source:
Bluegrasspropertiesgroup
Added: Jun 19, 2025
Changed: Nov 4
Last Checked: Nov 6 at 12:20AM
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 Homes
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Investment Insights
Based on property information with market context.
Suite 130 offers 2,965 square feet in a concrete block flex/industrial building. Its 906-square-foot office section includes reception, three private offices, an open office area, storage, and two restrooms. The remaining 2,059 square feet is warehouse space with 16-foot clear height, a 10-by-12-foot drive-in door, and a man door.
The 9,271-square-foot building occupies 0.52 acres and is zoned I-1. Originally built in 1970, it was renovated in 2013. Building features include three-phase electric, fluorescent lighting, approximately 25 parking spaces, and signage available to tenants. The property is between New Circle Road and Man O' War Boulevard.
The 9,271-square-foot building occupies 0.52 acres and is zoned I-1. Originally built in 1970, it was renovated in 2013. Building features include three-phase electric, fluorescent lighting, approximately 25 parking spaces, and signage available to tenants. The property is between New Circle Road and Man O' War Boulevard.
Key Highlights
- 2,965‑square‑foot suite with 906 square feet of office and 2,059 square feet of warehouse
- Office area includes reception, three individual offices, open office space, storage, and two restrooms
- Warehouse has 16' clear height, one 10' x 12' drive‑in door, and one man door
Property Analytics
Who owns this building?
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Current Use
Lease Details
16 ft
Clear height
1
Drive-in doors
NNN (Triple Net)
Lease Type
$1.35 /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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Lexington, KY
$10.91 /SF/Yr
Avg Asking Price
$6–$30 /SF/Yr
Price Range
25,466 SF
Avg Space Size
This space is priced 17% below the average of $10.91 /SF/Yr.
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - An office-and-warehouse layout includes dedicated offices, storage, and two restrooms.
Where is this flex space located?
The property is located at 2424 Palumbo Drive #130 Lexington, KY.
What is the lease rate?
The lease rate is $9 SF/Yr.
What are key features of this property?
This property features: 2,965‑square‑foot suite with 906 square feet of office and 2,059 square feet of warehouse; Office area includes reception, three individual offices, open office space, storage, and two restrooms; Warehouse has 16' clear height, one 10' x 12' drive‑in door, and one man door
