Customizable Office
For Lease
$15 SF/Yr
503 E Third Street, Lexington, KY 40508
The building offers customizable office configurations along the Third and Midland Avenue corridor.
Space Size788 SF - 7,300 SF
Days on Market67
Property Features for 503 E Third Street
General Information
Standard status
Active
Size
788 SF - 7,300 SF
Net Rentable
788 SF
Property subtype
Office
Space & Availability
Available Space
788-7,300 SF
Divisible
Yes
Space Use
Office
Site & Location
Neighborhood
Northside Nghd Assoc
Building Details
Building Size
3,628 SF
Year Built
1938
Listing Agency:
Guide Realty, Inc.
Listed By:
Chancellor D Scott
(859) 321-6226
Source:
Roandcorealty
Added: Aug 26
Changed: Oct 31
Last Checked: Oct 31 at 3:29AM
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 Guide Realty, Inc.
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Investment Insights
Based on property information with market context.
Built in 1938, the property offers customizable office suites at 503 E Third Street in Lexington. The available suite configurations are described as ranging from approximately 788 square feet to just over 7,300 square feet; no suite size is specified here because the source also gives a conflicting property-size figure.
Nearby destinations named include The Met, Lyric Theatre, Artist Village, and Isaac Murphy Park.
Nearby destinations named include The Met, Lyric Theatre, Artist Village, and Isaac Murphy Park.
Key Highlights
- Built in 1938
- Nearby destinations include The Met, Lyric Theatre, Artist Village, and Isaac Murphy Park
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
$2.25 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
1,447
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
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Market
Lease Benchmarks for Lexington, KY
$24.18 /SF/Yr
Avg Asking Price
$1.29–$220 /SF/Yr
Price Range
15,584 SF
Avg Space Size
This space is priced 38% below the average of $24.18 /SF/Yr.
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - The building offers customizable office configurations along the Third and Midland Avenue corridor.
Where is this office unit located?
The property is located at 503 E Third Street Lexington, KY.
What is the lease rate?
The lease rate is $15 SF/Yr.
What are key features of this property?
This property features: Built in 1938; Nearby destinations include The Met, Lyric Theatre, Artist Village, and Isaac Murphy Park
