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Third-Floor Professional Office Suite
For Lease
$18 SF/Yr

489 E Main St, Lexington, KY 40507

Office suite offers reception, 10–12 private offices, conference room, kitchenette, and two restrooms on the third floor.

Property Size4,431 SF
Days on Market38

Property Features for 489 E Main St

General Information

Standard status Active
Size 4,431 SF
Property subtype Office - General Office

Amenities

building signage

Building Details

Year Built 1985
Listing Agency: White Oak Commercial Real Estate
Listed By: Frederick Rupp · License #283117
Source: Commercialcafe
Added: Jun 25 Changed: Jul 23 Last Checked: Jul 31 at 3:56AM

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 White Oak Commercial Real Estate

Investment Insights

Based on property information with market context.

489 E Main St in Lexington, KY offers a professionally configured office suite on the third floor. The space includes a reception area, 10–12 private offices, a dedicated conference room, a kitchenette, and two restrooms. The floor can be demised, allowing flexibility for a tenant seeking a smaller footprint.

The property is described as being at the gateway to Downtown Lexington, with convenient access to the city’s business district and downtown amenities. Building signage is available to support visibility and recognition.

This third-floor layout is designed to support a traditional office environment, with both collaborative space in the conference room and dedicated work areas throughout the private offices.

Key Highlights

  • For lease: +-4,431 SF office suite on the third floor at 489 East Main Street (built 1985)
  • Suite layout includes a reception area, 10–12 private offices, and a dedicated conference room
  • Includes a kitchenette and two restrooms

Property Analytics

Current Use

Richard Noonan - Raymond ... Financial Advisor Barnett Benvenuti & Butler ... Law Firm Andrew Barker - Raymond ... Financial Advisor Elizabeth Robertson - Raymond ... Financial Advisor Gil Brandon IV ... Financial Advisor

Suggested Use

Top Pick HVAC Service Locksmith Auto Parts Store (Bike/Boat/Book/etc) Store Mobile Phone Store Bed & Breakfast

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

NNN (Triple Net)
Lease Type
$2.70 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

3,098
Businesses Nearby

Demographics for 40507, KY

2,043
Population
1,765
Households
1.2
Avg Household Size
44
Median Age
54%
College-Educated
93%
High-School Grad
0.4 sq mi
ZIP Area
5,108
Density / Sq Mi
$34,543
Median Household Income
$40,826
Median Earnings
$642
Median Rent
$391,000
Median Home Value

Market

Lease Benchmarks for Lexington, KY

$23.15 /SF/Yr
Avg Asking Price
$1.68–$136 /SF/Yr
Price Range
3,877 SF
Avg Space Size

This space is priced 22% below the average of $23.15 /SF/Yr.

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
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Frequently Asked Questions

What type of property is this?
Office units - Office suite offers reception, 10–12 private offices, conference room, kitchenette, and two restrooms on the third floor.
Where is this office units located?
The property is located at 489 E Main St Lexington, KY.
What is the lease rate?
The lease rate is $18 SF/Yr.
What are key features of this property?
This property features: For lease: +-4,431 SF office suite on the third floor at 489 East Main Street (built 1985); Suite layout includes a reception area, 10–12 private offices, and a dedicated conference room; Includes a kitchenette and two restrooms
More about this property
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