Flex Suite with Drive-In
For Lease
$7 SF/Yr
2430 Palumbo Drive #110, Lexington, KY 40509
The suite pairs office accommodations with climate-controlled storage and warehouse space.
Space Size8,791 SF
Lot Size1.03 Acres
Days on Market644
Property Features for 2430 Palumbo Drive #110
General Information
Standard status
Active
Size
8,791 SF
Net Rentable
8,791 SF
Total Parking Spaces
55
Lot size
1.03 Acres
Zoning
I-1
Space & Availability
Available Space
8,791 SF
Contiguous Space
8,791 SF
Space Use
Flex
Site & Location
Neighborhood
Liberty Area Nghd Assoc
Highway Access
Yes
Warehouse & Industrial
Clear Height
16 ft
Warehouse Space
5,736 SF
Office Build-Out
3,055 SF
Drive-In Doors
2
Three-Phase Power
Yes
Conditioned Warehouse
Yes
Amenities
building signage
Building Details
Building Size
8,791 SF
Year Built
1973
Year Renovated
2013
Buildings
1
Stories
2
Construction
concrete block
Listing Agency:
Block + Lot Homes
(859) 309-0099
Listed By:
Peter Barr · License #65116
(859) 351-7924
Source:
Bluegrasspropertiesgroup
Added: Jan 21, 2025
Changed: Oct 25
Last Checked: Oct 26 at 3:37AM
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 110 offers 8,791 square feet within a 26,015-square-foot flex and industrial facility on 1.03 acres. Its layout includes 3,055 square feet of office area, with four private offices, open office space, a break room, and two restrooms. The remaining 5,736 square feet consists of climate-controlled storage and warehouse space, served by two 10' x 12' drive-in doors.
The concrete-block building has 16' clear height, 3-phase electric, fluorescent and LED lighting, and suspended gas heat in the warehouse. Approximately 40 parking spaces serve the property, and tenant building signage is available. The site is zoned I-1 and lies between New Circle Road and Man O War Boulevard, close to I-75 and I-64.
The concrete-block building has 16' clear height, 3-phase electric, fluorescent and LED lighting, and suspended gas heat in the warehouse. Approximately 40 parking spaces serve the property, and tenant building signage is available. The site is zoned I-1 and lies between New Circle Road and Man O War Boulevard, close to I-75 and I-64.
Key Highlights
- 8,791 SF suite with 3,055 SF of office and 5,736 SF of climate‑controlled storage and warehouse space
- Four private offices, open office area, break room, and two restrooms
- Two 10' x 12' drive‑in doors
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
16 ft
Clear height
2
Drive-in doors
Yes
Highway access
NNN (Triple Net)
Lease Type
$1.05 /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
$11.97 /SF/Yr
Avg Asking Price
$6–$30 /SF/Yr
Price Range
24,687 SF
Avg Space Size
This space is priced 42% below the average of $11.97 /SF/Yr.
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - The suite pairs office accommodations with climate-controlled storage and warehouse space.
Where is this flex space located?
The property is located at 2430 Palumbo Drive #110 Lexington, KY.
What is the lease rate?
The lease rate is $7 SF/Yr.
What are key features of this property?
This property features: 8,791 SF suite with 3,055 SF of office and 5,736 SF of climate‑controlled storage and warehouse space; Four private offices, open office area, break room, and two restrooms; Two 10' x 12' drive‑in doors
