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Renovated Medical Office Space
For Lease
$18 SF/Yr

308 W Lexington Avenue, Winchester, KY 40391

COMMERCIAL - Winchester, KY

Space SizeContact for details
Lot Size0.57 Acres
Days on Market52

Property Features for 308 W Lexington Avenue

General Information

Property type Commercial Lease
Property subtype Office
Zoning description P-1
Rooms Basement
Subdivision Commercial
Directions From Lexington: Lexington Road E to Winchester, the property will be on your right.
Standard status Active
APN 054-1032-005-00
Size 3,570 SF
Lot size 0.57 Acres

Building Details

Year built 1967
Floors in Building 1
Listing Agency: Block + Lot Homes
Listed By: Gregory Leveridge · License #215416
Added: Jun 30 Changed: Aug 4 Last Checked: Aug 20 at 9:06PM
MLS# 26015572

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 3,570-square-foot medical office property at 308 W Lexington Avenue includes a reception area, large office, file room, five exam rooms, kitchen area, and two additional suites. The two suites may function independently or be integrated with the primary office, while the unfinished basement provides room for future office buildout. The property was built in 1967 and has been renovated recently.

The 0.57-acre site includes a sizable parking area with access to a rear alley. Its location provides proximity to Winchester’s downtown district, the Bypass, and I-64, supporting convenient access for staff and visitors.

Key Highlights

  • 3,570 SF medical office property
  • Recently renovated office space with five exam rooms
  • Reception, large office, file room, kitchen area, and two additional suites

Property 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 Gym & Fitness Center Skin Care Clinic

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

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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Medical Office Space - Medical office layout with reception, exam rooms, support areas, and two additional suites for flexible occupancy.
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 SF medical office property; Recently renovated office space with five exam rooms; Reception, large office, file room, kitchen area, and two additional suites
More about this property
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