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Renovated Medical Office Space
For Lease
$18 SF/Yr

308 W Lexington Avenue, Winchester, KY 40391

Commercial Lease, Winchester, KY

Space SizeContact for details
Lot Size0.57 Acres
Days on Market98

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

Amenities

parking lot

Building Details

Year built 1967
Floors in Building 1
Listing Agency: Block + Lot Homes
Listed By: Gregory Leveridge · License #215416
Added: Jun 30 Changed: Oct 2 Last Checked: Oct 5 at 2:06AM
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 3570-square-foot medical office property was renovated for medical-practice use and includes a reception area, large office, file room, 5 exam rooms, and kitchen area. Two rear suites can function independently or be incorporated into the primary space. The unfinished basement may accommodate future office improvements. Built in 1967, the property occupies 0.57 acres.

Located at 308 W Lexington Avenue in Winchester, Kentucky, the building is near the downtown district, the Bypass, and I-64. A parking lot and rear alley access support daily operations and vehicle circulation. The property is available for lease.

Key Highlights

  • 3570 square feet configured for medical office use
  • 5 exam rooms plus reception, office, file room, and kitchen area
  • Two rear suites may be leased separately or combined with the main space

Property Analytics

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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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Medical Office Space - Configured for clinical operations with reception, exam rooms, office areas, and two additional suites.
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: 3570 square feet configured for medical office use; 5 exam rooms plus reception, office, file room, and kitchen area; Two rear suites may be leased separately or combined with the main space
More about this property
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