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Industrial Warehouse with Storage Yard

255 S Forbes Road #Building 5, Lexington, KY 40504

For Lease
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Industrial gross leases include utilities, renovated offices, and flexible term lengths.

Space Size11,128 SF - 199,929 SF
Lot Size0.68 Acres
Days on Market1034

Property Features for 255 S Forbes Road #Building 5

General Information

Standard status Active
Size 11,128 SF - 199,929 SF
Net Rentable 11,128 SF
Lot size 0.68 Acres
Zoning I-2 Heavy Industrial
Lease Type Gross

Space & Availability

Available Space 11,128-199,929 SF
Space Use Warehouse

Site & Location

Neighborhood Cardinal Valley Nghd Assoc
Fenced Yard Yes
Outdoor Storage Yes

Warehouse & Industrial

Clear Height 14 ft
Loading Side Load

Additional Details

Flexible Term Yes

Building Details

Building Size 11,128 SF
Buildings 1
Stories 1
Listing Agency: Block + Lot Homes
Listed By: Peter Barr · License KY #65116
Source: Bluegrasspropertiesgroup
Added: Jan 12, 2024 Changed: Nov 4 Last Checked: Nov 10 at 1:39AM

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.

Forbes Business Center offers warehouse space in Buildings 3–12, with individual buildings ranging from 11,128 to 199,929 square feet. Renovated north and south office suites range from 405 to 2,142 square feet. Warehouse features include 14-foot clear height, side-load truck docks, and drive-in doors; additional drive-in doors may be added. The site also includes a 0.68-acre fenced and secured outdoor storage area. The property is zoned I-2 Heavy Industrial, and leases are structured as industrial gross with utilities included and flexible term lengths.

The property is about one mile west of Lexington’s Central Business District and downtown, 1.8 miles north of the University of Kentucky, and near the Distillery District. Highlights include proximity to restaurants and entertainment in that district.

Key Highlights

  • Warehouse buildings range from 11,128 to 199,929 SF
  • Renovated office suites measure 405–2,142 SF
  • 0.68‑acre fenced and secured outdoor storage lot

Property Analytics

Who owns this building? See the owner, sales and loan history
Open 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 Hair Salon Law Firm Nail Salon Spa & Massage Center

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
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

660
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Lexington, KY

$9.59 /SF/Yr
Avg Asking Price
$1.08–$22.08 /SF/Yr
Price Range
24,086 SF
Avg Space Size

Average Price Trend$/SF/Yr for Warehouses in Lexington, KY

$11.52 Jul
$9.16 Aug
$9.58 Sep
$9.24 Oct

Properties on Market for Warehouses in Lexington

Jul
Aug
Sep
Oct

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

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 - Industrial gross leases include utilities, renovated offices, and flexible term lengths.
Where is this warehouse located?
The property is located at 255 S Forbes Road #Building 5 Lexington, KY.
What are key features of this property?
This property features: Warehouse buildings range from 11,128 to 199,929 SF; Renovated office suites measure 405–2,142 SF; 0.68‑acre fenced and secured outdoor storage lot
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