Renovated Office
For Lease
$2,500/Mo
321 Merino Street, Lexington, KY 40508
COMMERCIAL - Lexington, KY
Space SizeContact for details
Lot Size0.11 Acres
Days on Market51
Property Features for 321 Merino Street
General Information
Property type
Commercial Lease
Property subtype
Office
Zoning
R-2
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1, Basement
Parking
5
Basement
Unfinished, Partial, Interior Entry
Subdivision
Woodward Heights
Directions
Maxwell Street to left on Merino Street - property is on the left towards the end of the street, Merino is a One-Way Street.
Standard status
Active
APN
12591750
Size
1,483 SF
Lot size
0.11 Acres
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Amenities
hardwood floors
reception area
kitchen
loft space
full unfinished basement for storage
ADA compliant
Building Details
Year built
1900
Floors in Building
1
Listing Agency:
Bluegrass Sotheby's International Realty
(859) 268-0099
Listed By:
Becky Reinhold · License #181330
(859) 338-1838
Added: Jun 23
Changed: Aug 4
Last Checked: Aug 12 at 6:06PM
MLS# 26015050
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.
Available for lease, this renovated office bungalow provides 1483 square feet of commercial space on a 0.113-acre lot. The layout includes a reception area, conference room, offices, kitchen, loft, and a full unfinished basement for storage. Hardwood floors, forced-air natural gas heat, and central air add to the existing improvements, while the property remains ADA compliant.
The building dates to 1900 and is located near Gatton Town Branch Park and Rupp Arena in downtown Lexington. Five off-street parking spaces serve the property. Additional infrastructure includes public sewer and cable availability, with R-2 zoning identified for the site.
The building dates to 1900 and is located near Gatton Town Branch Park and Rupp Arena in downtown Lexington. Five off-street parking spaces serve the property. Additional infrastructure includes public sewer and cable availability, with R-2 zoning identified for the site.
Key Highlights
- 1483 square feet of office space on a 0.113‑acre lot
- Renovated bungalow with reception, conference, office, kitchen, and loft areas
- Full unfinished basement provides 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
$18.35 /SF/Yr
Avg Asking Price
$13.5–$21.08 /SF/Yr
Price Range
69,400 SF
Avg Space Size
This space is priced 10% above the average of $18.35 /SF/Yr.
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - ADA-compliant workspace with reception, conference, office, kitchen, loft, and basement storage areas.
Where is this office building located?
The property is located at 321 Merino Street Lexington, KY.
What is the lease rate?
The lease rate is $2,500/Mo.
What are key features of this property?
This property features: 1483 square feet of office space on a 0.113‑acre lot; Renovated bungalow with reception, conference, office, kitchen, and loft areas; Full unfinished basement provides storage space
