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Heavy-Industrial Warehouse Space
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247-255 S Forbes Rd, Lexington, KY 40504

Warehouse and office configurations support storage, inventory overflow, and contractor equipment uses under flexible lease terms.

Space Size11,128 SF - 153,459 SF
Days on Market195

Property Features for 247-255 S Forbes Rd

General Information

Standard status Active
Size 11,128 SF - 153,459 SF
Net Rentable 11,128 SF
Property subtype Industrial
Zoning I-2
Lease Type Industrial Gross

Space & Availability

Available Space 11,128-153,459 SF
Space Use Warehouse
Condition Second Generation

Site & Location

Highway Access Yes
Road Access Yes
Fenced Yard Yes
Outdoor Storage Yes

Warehouse & Industrial

Clear Height 14 ft
Loading Side Load

Additional Details

Flexible Term Yes

Amenities

fenced
secured
Water
Sewer

Building Details

Buildings 10

Spaces For Lease

at 247-255 S Forbes Rd Contact us

Available Space $725/Mo

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Available Space $1,200/Mo

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Available Space $2.75/Mo

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Listing Agency: Block & Lot Real Estate
Listed By: Peter Barr · License #65116
Source: Kcrea.resimplifi
Added: Feb 18 Changed: Aug 30 Last Checked: Aug 31 at 12:45PM

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

Investment Insights

Based on property information with market context.

Forbes Business Center includes warehouse buildings 3 through 12 ranging from 11,128 to 153,459 square feet, along with newly renovated office suites from 405 to 2,142 square feet. The property also offers a 0.68-acre fenced and secured outdoor storage area. Warehouse features include 14-foot clear heights, side-load truck docks, and drive-in doors with potential for additional doors. Zoning is I-2 for heavy industrial use.

The site at 247-255 S. Forbes Road provides 980 feet of frontage and is positioned inside New Circle Road between Versailles Road and Old Frankfort Pike. It is adjacent to McConnell Springs Park and Central Rock Quarry, approximately 1 mile west of the Central Business District and Downtown, 1.8 miles north of the University of Kentucky, 5 miles east of Bluegrass International Airport, and 5.4 miles from Interstates 75 and 64 via the Newtown Pike Extension. Industrial gross leases are available with flexible term lengths.

Key Highlights

  • Warehouse buildings 3‑12 range from 11,128 to 153,459 SF
  • Newly renovated offices range from 405 to 2,142 SF
  • 0.68‑acre fenced and secured outside storage lot

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Dental Office Hair Salon Law Firm Nail Salon Skin Care Clinic

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

14 ft
Clear height
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

609
Businesses Nearby
Well-served
Demand for This Use

Demographics for 40504, KY

26,042
Population
13,175
Households
2
Avg Household Size
34
Median Age
32%
College-Educated
84%
High-School Grad
6.2 sq mi
ZIP Area
4,200
Density / Sq Mi
$43,015
Median Household Income
$29,195
Median Earnings
$888
Median Rent
$209,400
Median Home Value

Market

Lease Benchmarks for Lexington, KY

$9.91 /SF/Yr
Avg Asking Price
$6–$14.08 /SF/Yr
Price Range
40,752 SF
Avg Space Size

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Similar Off Market Nearby

  • Prime Storage 527 Angliana Ave, Lexington, KY 40508
  • Aaa Self Storage 1216 Versailles Rd, Lexington, KY 40508
  • Versailles Road Storage 1216 Versailles Rd, Lexington, KY 40508
  • Hometown Movers Corporation 854 Angliana Ave, Lexington, KY 40508
  • Gateway Storage LLC 1040 W High St, Lexington, KY 40508

Frequently Asked Questions

What type of property is this?
Warehouse - Warehouse and office configurations support storage, inventory overflow, and contractor equipment uses under flexible lease terms.
Where is this warehouse located?
The property is located at 247-255 S Forbes Rd Lexington, KY.
What are key features of this property?
This property features: Warehouse buildings 3‑12 range from 11,128 to 153,459 SF; Newly renovated offices range from 405 to 2,142 SF; 0.68‑acre fenced and secured outside storage lot
More about this property
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