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I-1 Industrial Land
For Lease
$2,500/Mo

250 Lima Drive, Lexington, KY 40511

Commercial Lease, Lexington, KY

Space SizeContact for details
Lot Size4.00 Acres
Days on Market185

Property Features for 250 Lima Drive

General Information

Property type Commercial Lease
Property subtype Other
Parking features Open
Subdivision Commercial
Directions Traveling on New Circle Road, exit US-25 ramp to Lexington/Georgetown, exit onto US-25 S/Georgetown St, turn right onto Lima Drive, property at the end of Lima Drive.
Standard status Active
APN 10365325
Lot size 4.00 Acres

Building Details

Year built 1972
Listing Agency: Keller Williams Commonwealth · Keller Williams Realty
Listed By: Bryan Little
Added: Apr 27 Changed: Oct 2 Last Checked: Oct 28 at 4:06AM
MLS# 26009232

Copyright © 2026 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

This approximately 4-acre industrial land offering is zoned I-1 and available for lease. The site provides an open configuration suited to outdoor storage activities such as contractor yards, equipment storage, and fleet parking, subject to zoning requirements and landlord approval. Open parking is also available.

Located at 250 Lima Drive in Lexington, the property sits near New Circle Road and Georgetown Street, with access to I-64 and I-75. Its North Lexington setting and flexible land area support a range of industrial applications that can operate within applicable approvals.

Key Highlights

  • Approximately 4.0 acres of I‑1 zoned land
  • Available for lease in North Lexington
  • Outdoor storage, contractor yard, equipment storage, and fleet parking uses subject to approval

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Suggested Use

Top Pick Real Estate Agency Hair Salon Dental Office Law Firm Nail Salon Parking Lot & Garage

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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

421
Businesses Nearby

Demographics for 40511, KY

36,146
Population
14,963
Households
2.4
Avg Household Size
35
Median Age
38%
College-Educated
89%
High-School Grad
86.0 sq mi
ZIP Area
420
Density / Sq Mi
$77,476
Median Household Income
$43,416
Median Earnings
$1,159
Median Rent
$233,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

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

Frequently Asked Questions

What type of property is this?
Industrial land - Industrial land with an open layout for outdoor storage and other approved commercial uses.
Where is this industrial land located?
The property is located at 250 Lima Drive Lexington, KY.
What is the lease rate?
The lease rate is $2,500/Mo.
What are key features of this property?
This property features: Approximately 4.0 acres of I‑1 zoned land; Available for lease in North Lexington; Outdoor storage, contractor yard, equipment storage, and fleet parking uses subject to approval
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