Renovated Office Bungalow
For Lease
$2,500/Mo
321 Merino St, Lexington, KY 40508
Renovated office bungalow with reception, conference room, offices, kitchen, loft, and unfinished basement storage.
Space SizeContact for details
Days on Market78
Property Features for 321 Merino St
General Information
Standard status
Active
Total Parking Spaces
5
Amenities
hardwood floors
reception area
conference room
offices
kitchen
loft space
full unfinished basement for storage
Fully ADA compliant
Building Details
Construction
bungalow
Listing Agency:
Bluegrass Sotheby's International Realty
(859) 268-0099
Listed By:
Becky Reinhold · License #181330
(859) 338-1838
Source:
Exprealty
Added: Jun 23
Changed: Aug 20
Last Checked: Sep 7 at 2:30PM
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 Bluegrass Sotheby's International Realty
Investment Insights
Based on property information with market context.
This renovated downtown office bungalow offers a reception area, conference room, multiple offices, a kitchen, and a loft space. Hardwood floors are in place, and the property includes a full unfinished basement that can be used for storage. The space is fully ADA compliant.
The location is near Gatton Town Branch Park, with convenient access to downtown destinations. The property also provides five off-street parking spaces.
The layout is well-suited for a small business that needs both front-office space and additional enclosed rooms, with basement storage available to support day-to-day operations.
The location is near Gatton Town Branch Park, with convenient access to downtown destinations. The property also provides five off-street parking spaces.
The layout is well-suited for a small business that needs both front-office space and additional enclosed rooms, with basement storage available to support day-to-day operations.
Key Highlights
- Renovated downtown bungalow‑style office with reception area, conference room, and multiple offices
- Includes hardwood floors, kitchen, and loft space
- Full unfinished basement provides additional storage space
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$3.03 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
2,882
Businesses Nearby
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
Market
Lease Benchmarks for Lexington, KY
$23.08 /SF/Yr
Avg Asking Price
$1.29–$220 /SF/Yr
Price Range
16,007 SF
Avg Space Size
This space is priced 12% below the average of $23.08 /SF/Yr.
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office units - Renovated office bungalow with reception, conference room, offices, kitchen, loft, and unfinished basement storage.
Where is this office units located?
The property is located at 321 Merino St Lexington, KY.
What is the lease rate?
The lease rate is $2,500/Mo.
What are key features of this property?
This property features: Renovated downtown bungalow‑style office with reception area, conference room, and multiple offices; Includes hardwood floors, kitchen, and loft space; Full unfinished basement provides additional storage space
