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Warehouse with Secured Storage Yard
For Lease
$6.25 SF/Yr

2592 Palumbo Dr, Lexington, KY 40509

Office improvements include private offices, a meeting room, two break rooms, and separate office and warehouse restrooms.

Space Size42,000 SF
Days on Market17

Property Features for 2592 Palumbo Dr

General Information

Standard status Active
Size 42,000 SF
Net Rentable 42,000 SF
Property subtype Industrial
Zoning I-1
Lease Type NNN

Space & Availability

Available Space 42,000 SF
Contiguous Space 42,000 SF
Space Use Warehouse

Site & Location

Highway Access Yes
Road Access Yes
Outdoor Storage Yes

Warehouse & Industrial

Warehouse Space 42,000 SF
Dock-High Doors 4
Drive-In Doors 2

Amenities

professional office buildout
private offices
meeting room
break rooms
Vacant

Building Details

Buildings 1
Tenancy Single Tenant
Building Size 42,000 SF

Spaces For Lease

at 2592 Palumbo Dr
Available Space $6.25/Mo
Contact us
Listing Agency: The Gibson Company
Listed By: Jackson Arnold
Source: Kcrea.resimplifi
Added: Sep 30 Changed: Oct 13 Last Checked: Oct 16 at 5:44AM

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 The Gibson Company

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Investment Insights

Based on property information with market context.

The 42,000-square-foot warehouse includes multiple loading configurations: 1 oversized loading door and dock, 6 standard loading doors, 4 dock-high doors, 2 drive-in doors, and 1 secure dock/drive-in door. Clear height reaches 25 feet, with 40 feet in the center bay. A professional office buildout includes private offices, some with private restrooms, a large meeting room, two break rooms, and separate restrooms for office and warehouse areas. The roof was installed in 2024.

Approximately 0.6 acres of exterior parking and storage area can be secured for private use. The property is on Palumbo Drive in Lexington, between Man O’ War Boulevard and New Circle Road, with access to both roadways. Zoning is I-1.

Key Highlights

  • 42,000‑square‑foot warehouse facility
  • Approximately 0.6 acres of outside parking and storage, securable for private use
  • 25‑foot clear height, with 40 feet in the center bay

Property Analytics

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Current Use

Premier Delivery Group Moving Company Certapro Painters Of Lexington Corporate Office

Suggested Use

Top Pick HVAC Service (Bike/Boat/Book/etc) Store Parking Lot & Garage Locksmith Home Appliance Store Nursing Home

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

4
Dock-high doors
2
Drive-in doors
Yes
Highway access
Yes
Paved road access
NNN (Triple Net)
Lease Type
$0.94 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,160
Businesses Nearby
Balanced
Demand for This Use

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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Market

Lease Benchmarks for Lexington, KY

$9.48 /SF/Yr
Avg Asking Price
$1.08–$22.08 /SF/Yr
Price Range
34,004 SF
Avg Space Size

This space is priced 34% below the average of $9.48 /SF/Yr.

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

  • Citadel Self Storage — 133 N Locust Hill Dr, Lexington, KY 40509
  • Stor All Self Storage — 2750 Palumbo Dr, Lexington, KY 40509
  • Stor All Self Storage — 3024 Blake James Dr, Lexington, KY 40509
  • Stor All Self Storage — 2670 Palumbo Dr, Lexington, KY 40509
  • Palumbo Park Self Storage — 2595 Palumbo Dr, Lexington, KY 40509

Frequently Asked Questions

What type of property is this?
Warehouse - Office improvements include private offices, a meeting room, two break rooms, and separate office and warehouse restrooms.
Where is this warehouse located?
The property is located at 2592 Palumbo Dr Lexington, KY.
What is the lease rate?
The lease rate is $6.25 SF/Yr.
What are key features of this property?
This property features: 42,000‑square‑foot warehouse facility; Approximately 0.6 acres of outside parking and storage, securable for private use; 25‑foot clear height, with 40 feet in the center bay
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