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Modern Flex Space with Glass Storefronts
For Lease
$25 SF/Yr Modified Gross

243 Walton Ave, Lexington, KY 40502

Industrial suite with polished concrete floors, rear open-air area, and dedicated parking.

Space SizeContact for details
Days on Market74

Property Features for 243 Walton Ave

General Information

Standard status Active
Property subtype Retail
Zoning I-1
Lease Type Modified Gross

Additional Details

Space Use Industrial
Highway Access Yes
Three-Phase Power Yes

Amenities

bar area
glass storefronts
glass garage door
renovated restrooms
storage room
open-air space
lofted ceilings
updated LED lighting
exposed duct work
polished concrete floors
natural light
signage opportunities
dedicated parking
Power
Water
Sewer
Natural Gas

Building Details

Year Built 1954

Spaces For Lease

at 243 Walton Ave
Available Space $25/Mo
Contact us
Listing Agency: Block & Lot Real Estate
Listed By: Alaina Stokes · License #74753
Source: Kcrea.resimplifi
Added: Aug 4 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 4,799-square-foot flex property at 243 Walton Ave combines an adaptable industrial layout with customer-facing features. The space includes large glass storefronts, a glass garage door, a bar area, storage, renovated restrooms, and a rear open-air area. Lofted ceilings extend to the roof deck, while exposed ductwork, updated LED lighting, and polished concrete floors create a contemporary industrial interior. The building was constructed in 1954 and is zoned I-1.

The property has signage exposure from Winchester Road and Walton Avenue, with dedicated parking on site. It sits near retailers and restaurants including PKL Lex, Country Boy Brewing, Epping's on Eastside, Minton's, Mirror Twin Brewing, Ferguson Home Store, La Petite Delicat, Blue Door Smokehouse, and Void Sake. Access to downtown Lexington, New Circle Road, and I-75 through Exit 110 adds regional connectivity.

Key Highlights

  • 4,799 SF flex property at 243 Walton Ave
  • I‑1 zoning and 1954 construction
  • Large glass storefronts plus a glass garage door

Property Analytics

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Current Use

Trifecta Glass Art ... Art Gallery Trifecta Cocktail Lounge Bar & Pub

Suggested Use

Top Pick Pharmacy Big Box & Wholesale Store Auto Parts Store Dental Office Garden Center Nail 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
Highway access
NNN (Triple Net)
Lease Type
$3.75 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,950
Businesses Nearby
Balanced
Demand for This Use

Demographics for 40502, KY

26,080
Population
14,232
Households
1.8
Avg Household Size
40
Median Age
67%
College-Educated
96%
High-School Grad
7.1 sq mi
ZIP Area
3,673
Density / Sq Mi
$73,939
Median Household Income
$46,197
Median Earnings
$1,068
Median Rent
$483,600
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

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

This space is priced 107% above the average of $12.05 /SF/Yr.

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

Similar Off Market Nearby

  • Entre Vous — 1006 Delaware Ave, Lexington, KY 40505
  • Rock Haven Hospitality — 400 Old Vine St Suite 114, Lexington, KY 40507
  • Bayleaf Diaspora Kitchen — 962 Delaware Ave, Lexington, KY 40508
  • Vegan Nepal — 962 Delaware Ave, Lexington, KY 40505
  • Pasta Garage Catering — 962 Delaware Ave, Lexington, KY 40505

Frequently Asked Questions

What type of property is this?
Flex space - Industrial suite with polished concrete floors, rear open-air area, and dedicated parking.
Where is this flex space located?
The property is located at 243 Walton Ave Lexington, KY.
What is the lease rate?
The lease rate is $25 SF/Yr.
What are key features of this property?
This property features: 4,799 SF flex property at 243 Walton Ave; I‑1 zoning and 1954 construction; Large glass storefronts plus a glass garage door
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