Industrial Warehouse with Loading
For Lease
$6.25 SF/Yr
2592 Palumbo Drive, Lexington, KY 40509
Commercial Lease, Lexington, KY
Space Size42,000 SF
Lot Size2.10 Acres
Days on Market8
Property Features for 2592 Palumbo Drive
General Information
Property type
Commercial Lease
Property subtype
Other
Zoning description
I-1 - light industrial
Subdivision
Commercial
Directions
From Keeneland: Take Versailles Road (US-60) east toward Lexington. Merge onto New Circle Road (KY-4) east/north. Take the exit for Palumbo Drive and turn right onto Palumbo Drive. Continue on Palumbo Drive to 2592 Palumbo Drive; the property will be on the righ
Standard status
Active
APN
23035919
Size
42,000 SF
Lot size
2.10 Acres
Amenities
professional office buildout
private offices
private restrooms
large meeting room
break rooms
separate restrooms
secured outside parking/storage area
Building Details
Year built
1984
Floors in Building
1
Listing Agency:
The Gibson Company
(859) 224-8833
Listed By:
Jackson Arnold
(502) 316-2415
Added: Sep 30
Changed: Oct 1
Last Checked: Oct 7 at 7:06PM
MLS# 26027148
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-square-foot industrial warehouse in Lexington has a professional office buildout with multiple private offices, some with private restrooms, a large meeting room, two break rooms, and separate restrooms serving the office and warehouse. Loading features include an oversized loading door, six standard loading doors, four dock-high doors, two drive-in doors, and one secure dock/drive-in door. Clear height is 25 feet, with 40 feet in the center bay. The building’s roof was replaced in 2024.
An approximately 0.6-acre area for outdoor parking or storage can be secured for private use. The property is on Palumbo Drive between Man O’ War Boulevard and New Circle Road, with access to both roadways. Listed potential applications include distribution, warehousing, logistics, and light manufacturing.
An approximately 0.6-acre area for outdoor parking or storage can be secured for private use. The property is on Palumbo Drive between Man O’ War Boulevard and New Circle Road, with access to both roadways. Listed potential applications include distribution, warehousing, logistics, and light manufacturing.
Key Highlights
- 42,000 SF industrial warehouse
- One oversized loading door, six standard loading doors, four dock‑high doors, two drive‑in doors, and one secure dock/drive‑in door
- 25' clear height; 40' in the center bay
Property Analytics
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Current Use
Lease Details
40 ft
Clear height
4
Dock-high doors
3
Drive-in doors
Yes
Paved road access
NNN (Triple Net)
Lease Type
$0.94 /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
$9.48 /SF/Yr
Avg Asking Price
$1.08–$22.08 /SF/Yr
Price Range
32,060 SF
Avg Space Size
This space is priced 34% below the average of $9.48 /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 - Office suites, meeting space, and secured exterior storage complement the warehouse area.
Where is this warehouse located?
The property is located at 2592 Palumbo Drive 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 SF industrial warehouse; One oversized loading door, six standard loading doors, four dock‑high doors, two drive‑in doors, and one secure dock/drive‑in door; 25' clear height; 40' in the center bay
