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Industrial Warehouse Space
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255 S Forbes Road, Lexington, KY 40504

COMMERCIAL - Lexington, KY

Space Size11,128 SF - 153,459 SF
Lot Size17.84 Acres
Days on Market175

Property Features for 255 S Forbes Road

General Information

Property type Commercial Lease
Property subtype Other
Zoning description I-2 Heavy Industrial
Subdivision Commercial
Directions 255 S. Forbes Road is adjacent to McConnell Springs Park and the Central Rock Quarry with 980' of frontage along S. Forbes Road running between Versailles Road and Old Frankfort Pike.
Standard status Active
APN 38283600-8
Size 30,431 SF
Lot size 17.84 Acres

Building Details

Floors in Building 1
Listing Agency: Block + Lot Homes
Listed By: Peter Barr · License #65116
Added: Mar 2 Changed: Aug 4 Last Checked: Aug 24 at 10:06PM
MLS# 26003818

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.

Investment Insights

Based on property information with market context.

Forbes Business Center provides warehouse buildings, renovated office suites, and a fenced outdoor storage area at 255 S. Forbes Road. Warehouse features include 14-foot clear height, side-load exterior truck docks, and drive-in doors, with additional doors potentially available. Office suites are positioned in the North and South Office areas, while the outdoor storage lot offers a secured component for equipment or inventory storage.

The 17.84-acre property has 980 feet of frontage on S. Forbes Road between Versailles Road and Old Frankfort Pike, inside New Circle Road. It is adjacent to McConnell Springs Park and Central Rock Quarry, approximately 1 mile west of the Central Business District and Downtown, and near the Distillery District. The site is 1.8 miles from the University of Kentucky, 5 miles from Bluegrass International Airport, and 5.4 miles from Interstates 75 and 64 via the Newtown Pike Extension. Zoning is I-2, classified as Heavy Industrial.

Key Highlights

  • 17.84‑acre industrial property with 980 feet of frontage on S. Forbes Road
  • I‑2 zoning designation for Heavy Industrial use
  • Warehouse buildings feature 14' clear height and side‑load outside truck docks

Property Analytics

Current Use

Central Kentucky Pallets Freight Service Warehouse 8 Warehouse & Storage Metric Environmental Environmental Consultant

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Hair Salon 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
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

$10.07 /SF/Yr
Avg Asking Price
$6–$14.08 /SF/Yr
Price Range
39,717 SF
Avg Space Size

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
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Similar Off Market Nearby

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

Frequently Asked Questions

What type of property is this?
Warehouse - Flexible warehouse, office, and secured outdoor storage options within an I-2 heavy industrial property.
Where is this warehouse located?
The property is located at 255 S Forbes Road Lexington, KY.
What are key features of this property?
This property features: 17.84‑acre industrial property with 980 feet of frontage on S. Forbes Road; I‑2 zoning designation for Heavy Industrial use; Warehouse buildings feature 14' clear height and side‑load outside truck docks
More about this property
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