Flex Space with Fenced
For Lease
$2,500/Mo
312 Thompson Road, Lexington, KY 40508
Commercial Lease, Lexington, KY
Space SizeContact for details
Lot Size0.13 Acres
Days on Market314
Property Features for 312 Thompson Road
General Information
Property type
Commercial Lease
Property subtype
Other
Zoning
R-1C
Subdivision
Melrose
Directions
Located just off of Manchester Street
Standard status
Active
APN
21567475
Size
2,131 SF
Lot size
0.13 Acres
Building Details
Year built
1986
Listing Agency:
Bluegrass Property Exchange
(859) 469-9429
Listed By:
Jared Gadd
(859) 492-6441
Added: Nov 12, 2025
Changed: Sep 12
Last Checked: Sep 22 at 12:06PM
MLS# 25506009
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 2,131-square-foot flex property, built in 1986, combines two offices with two restrooms and a compact warehouse area. An overhead door supports access to the warehouse, while the fenced yard adds dedicated exterior space for operations or storage.
The property is located at 312 Thompson Road in Lexington, Kentucky, within the 40508 postal area. Zoning is identified as R-1C. Deed restrictions apply and should be reviewed before proceeding with a lease.
The property is located at 312 Thompson Road in Lexington, Kentucky, within the 40508 postal area. Zoning is identified as R-1C. Deed restrictions apply and should be reviewed before proceeding with a lease.
Key Highlights
- 2,131‑square‑foot flex property built in 1986
- Two offices and two restrooms
- Small warehouse area with overhead door
Property Analytics
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Current Use
Lease Details
Yes
Fenced yard
NNN (Triple Net)
Lease Type
$2.11 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
677
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 40508, KY
25,586
Population
11,458
Households
2.2
Avg Household Size
26
Median Age
36%
College-Educated
86%
High-School Grad
4.2 sq mi
ZIP Area
6,092
Density / Sq Mi
$28,040
Median Household Income
$13,316
Median Earnings
$900
Median Rent
$174,900
Median Home Value
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Market
Lease Benchmarks for Lexington, KY
$11.96 /SF/Yr
Avg Asking Price
$6–$30 /SF/Yr
Price Range
24,989 SF
Avg Space Size
This space is priced 18% above the average of $11.96 /SF/Yr.
Vacancy Rate% for Industrial in South region
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Similar Off Market Nearby
- Miss Milolo cuisine — 1718 Sharkey Way, Lexington, KY 40511
Frequently Asked Questions
What type of property is this?
Flex space - Lease opportunity combining office accommodations, restrooms, warehouse space, an overhead door, and a secured outdoor yard.
Where is this flex space located?
The property is located at 312 Thompson Road Lexington, KY.
What is the lease rate?
The lease rate is $2,500/Mo.
What are key features of this property?
This property features: 2,131‑square‑foot flex property built in 1986; Two offices and two restrooms; Small warehouse area with overhead door
