Lexington Warehouse with High
For Lease
$7 SF/Yr
2592 Palumbo Drive, Lexington, KY 40509
COMMERCIAL - Lexington, KY
Space SizeContact for details
Property Size42,000 SF
Lot Size2.10 Acres
Days on Market77
Property Features for 2592 Palumbo Drive
General Information
Property type
Commercial Lease
Property subtype
Other
Zoning description
I-1 - light industrial
Subdivision
Commercial
Directions
New Circle Road, Right on Palumbo
Standard status
Active
APN
23035919
Size
42,000 SF
Lot size
2.10 Acres
Building Details
Year built
1984
Floors in Building
1
Listing Agency:
The Gibson Company
(859) 224-8833
Listed By:
Kevin Verhoven · License #58263
(859) 224-8833
Added: May 22
Changed: Aug 4
Last Checked: Aug 6 at 6:06PM
MLS# 26011710
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.
This 42,000 SF warehouse is available for lease at 2592 Palumbo Drive in Lexington, KY. Situated on Palumbo Drive between Man O' War Boulevard and New Circle Road, the property provides excellent access to Lexington's primary industrial corridors. The building features six dock-high doors and three drive-in doors. Ceiling heights reach 25 feet, with a 40-foot clear height in the center bay. The functional layout is suited for distribution, warehousing, or light manufacturing. Additional features include outside storage located behind the building. A new roof was installed in 2024. The property is located in a strong industrial area with convenient access to major roadways. The lot size is 2.1 acres.
Key Highlights
- Excellent access to Lexington's primary industrial corridors via Palumbo Drive location.
- 42,000 SF warehouse space suitable for distribution, warehousing, or light manufacturing.
- New roof installed in 2024, reducing near‑term capital needs.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$1.05 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
722
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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
Market
Lease Benchmarks for Lexington, KY
$11.52 /SF/Yr
Avg Asking Price
$6–$30 /SF/Yr
Price Range
37,407 SF
Avg Space Size
This space is priced 39% below the average of $11.52 /SF/Yr.
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Palumbo Park Self Storage — 2595 Palumbo Dr, Lexington, KY 40509
- Stor All Self Storage — 2670 Palumbo Dr, Lexington, KY 40509
- Stor All Self Storage — 2750 Palumbo Dr, Lexington, KY 40509
- Citadel Self Storage — 133 N Locust Hill Dr, Lexington, KY 40509
- Stor All Self Storage — 3024 Blake James Dr, Lexington, KY 40509
Frequently Asked Questions
What type of property is this?
Warehouse - 42,000 SF warehouse with convenient access to major roadways.
Where is this warehouse located?
The property is located at 2592 Palumbo Drive Lexington, KY.
What is the lease rate?
The lease rate is $7 SF/Yr.
What are key features of this property?
This property features: Excellent access to Lexington's primary industrial corridors via Palumbo Drive location.; 42,000 SF warehouse space suitable for distribution, warehousing, or light manufacturing.; New roof installed in 2024, reducing near‑term capital needs.
