Warehouse with Dock and Drive-In
For Lease
$7.50 SF/Yr CAM $1.05 /USD/SF/YR
2592 Palumbo Drive, Lexington, KY 40509
Commercial Lease, Lexington, KY
Space Size42,000 SF
Lot Size2.10 Acres
Days on Market124
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) 494-4460
Added: May 22
Changed: Sep 12
Last Checked: Sep 22 at 12:06PM
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.
The 42,000-square-foot warehouse at 2592 Palumbo Drive was built in 1984 and supports distribution, warehousing, and light manufacturing uses. The facility includes six dock-high doors, three drive-in doors, 25-foot clear heights, and a 40-foot clear height in the center bay. Outside storage is positioned behind the building, while a roof replacement completed in 2024 adds a recent capital improvement.
The property is situated between Man O' War Boulevard and New Circle Road in Lexington, providing access to the area’s industrial roadway network. Its combination of loading infrastructure, interior clearance, and exterior storage accommodates a range of logistics and industrial operations.
The property is situated between Man O' War Boulevard and New Circle Road in Lexington, providing access to the area’s industrial roadway network. Its combination of loading infrastructure, interior clearance, and exterior storage accommodates a range of logistics and industrial operations.
Key Highlights
- 42,000 SF warehouse on 2.1 acres
- Six dock‑high doors and three drive‑in doors
- 25' clear height with 40' clear height in the center bay
Property Analytics
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Current Use
Lease Details
25 ft
Clear height
6
Dock-high doors
3
Drive-in doors
Yes
Paved road access
NNN (Triple Net)
Lease Type
$1.13 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
851
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
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Market
Lease Benchmarks for Lexington, KY
$9.51 /SF/Yr
Avg Asking Price
$1.08–$22.08 /SF/Yr
Price Range
31,481 SF
Avg Space Size
This space is priced 21% below the average of $9.51 /SF/Yr.
Vacancy Rate% for Industrial in South region
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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 - Industrial warehouse with flexible loading, outside storage, and access to Lexington’s primary industrial corridors.
Where is this warehouse located?
The property is located at 2592 Palumbo Drive Lexington, KY.
What is the lease rate?
The lease rate is $7.50 SF/Yr.
What are key features of this property?
This property features: 42,000 SF warehouse on 2.1 acres; Six dock‑high doors and three drive‑in doors; 25' clear height with 40' clear height in the center bay
