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Renovated Medical Office Space
For Lease
$18 SF/Yr

308 W Lexington Avenue, Winchester, KY 40391

A five-room exam layout is paired with two additional suites that can function independently or as part of the main premises.

Space SizeContact for details
Property Size3,570 SF
Days on Market130

Property Features for 308 W Lexington Avenue

General Information

Standard status Active
Size 3,570 SF
Zoning P-1

Space & Availability

Divisible Yes
Space Use Medical Office

Site & Location

Highway Access Yes
Road Access Yes

Building Details

Building Size 3,570 SF
Year Built 1967
Buildings 1
Stories 1
Listing Agency: Block + Lot Homes
Listed By: Gregory Leveridge · License #215416
Source: Bluegrasspropertiesgroup
Added: Jun 30 Changed: Nov 4 Last Checked: Nov 5 at 11:09PM

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

Rey
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Investment Insights

Based on property information with market context.

This 3,570-square-foot medical office property was built in 1967 and has been renovated. The primary suite includes a reception area, a large office, a file room, five exam rooms and a kitchen. Two suites at the rear can be leased separately or combined with the main area. An unfinished basement offers additional space that could be improved for office use.

The property has a parking lot with access to a rear alley and is zoned P-1. It sits near Winchester’s downtown district, the Bypass and I-64.

Key Highlights

  • 3,570 square feet; built in 1967
  • Five exam rooms, reception area, large office, file room and kitchen
  • Two rear suites can be leased separately or incorporated into the main space

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

LG&E and KU Energy ... Electric Utility Company Kentucky Utilities Electric Utility Company

Suggested Use

Top Pick Real Estate Agency Dental Office HVAC Service Carpet & Flooring Store Skin Care Clinic Gym & Fitness 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

Yes
Highway access
Yes
Paved road access
NNN (Triple Net)
Lease Type
$2.70 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

716
Businesses Nearby
Under-served
Demand for This Use

Demographics for 40391, KY

36,461
Population
16,125
Households
2.3
Avg Household Size
41
Median Age
22%
College-Educated
90%
High-School Grad
237.3 sq mi
ZIP Area
154
Density / Sq Mi
$67,910
Median Household Income
$40,323
Median Earnings
$884
Median Rent
$197,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025

Frequently Asked Questions

What type of property is this?
Medical Office Space - A five-room exam layout is paired with two additional suites that can function independently or as part of the main premises.
Where is this medical office space located?
The property is located at 308 W Lexington Avenue Winchester, KY.
What is the lease rate?
The lease rate is $18 SF/Yr.
What are key features of this property?
This property features: 3,570 square feet; built in 1967; Five exam rooms, reception area, large office, file room and kitchen; Two rear suites can be leased separately or incorporated into the main space
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