Flex Suite with Drive-In
For Lease
$8 SF/Yr
2430 Palumbo Drive #120, Lexington, KY 40509
The unit combines office, training, storage, and warehouse areas within an I-1-zoned facility.
Space Size4,489 SF
Lot Size1.03 Acres
Days on Market670
Property Features for 2430 Palumbo Drive #120
General Information
Standard status
Active
Size
4,489 SF
Net Rentable
4,489 SF
Total Parking Spaces
55
Lot size
1.03 Acres
Zoning
I-1
Space & Availability
Available Space
4,489 SF
Contiguous Space
4,489 SF
Space Use
Flex
Site & Location
Neighborhood
Liberty Area Nghd Assoc
Highway Access
Yes
Warehouse & Industrial
Clear Height
16 ft
Office Build-Out
1,133 SF
Drive-In Doors
1
Three-Phase Power
Yes
Drive-In Door Height
12 ft
Warehouse Heated
Yes
Amenities
building signage
Building Details
Building Size
4,489 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 6, 2025
Changed: Nov 4
Last Checked: Nov 6 at 12:46AM
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 120 offers 4,489 SF, including 1,133 SF of office space with an individual office, an open office area, and two restrooms. The remaining 3,356 SF accommodates storage, a training room, and warehouse space with a 10' x 12' drive-in door. The larger concrete block flex/industrial facility contains 26,015 SF on 1.03 acres and has 16' clear height, 3-phase electric, suspended gas heat in the warehouse, and fluorescent/LED lighting. Building signage is available to tenants, and approximately 40 parking spaces serve the property.
Zoned I-1 (Light Industrial), the facility is positioned between New Circle Rd. and Man O War Blvd., with proximity to I-75 and I-64. The building was renovated in 2013.
Zoned I-1 (Light Industrial), the facility is positioned between New Circle Rd. and Man O War Blvd., with proximity to I-75 and I-64. The building was renovated in 2013.
Key Highlights
- 4,489 SF suite with 1,133 SF of office space
- 3,356 SF of storage, training, and warehouse area
- One 10' x 12' drive‑in door and 16' clear height
Property Analytics
Who owns this building?
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Current Use
Lease Details
16 ft
Clear height
1
Drive-in doors
Yes
Highway access
NNN (Triple Net)
Lease Type
$1.20 /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 27% 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 - The unit combines office, training, storage, and warehouse areas within an I-1-zoned facility.
Where is this flex space located?
The property is located at 2430 Palumbo Drive #120 Lexington, KY.
What is the lease rate?
The lease rate is $8 SF/Yr.
What are key features of this property?
This property features: 4,489 SF suite with 1,133 SF of office space; 3,356 SF of storage, training, and warehouse area; One 10' x 12' drive‑in door and 16' clear height
