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Office Units with Central Air
For Lease
$2,500/Mo

635 N Broadway, Lexington, KY 40508

Commercial Lease, Lexington, KY

Space SizeContact for details
Lot Size0.20 Acres
Days on Market204

Property Features for 635 N Broadway

General Information

Property type Commercial Lease
Property subtype Office
Zoning description Professional Office
Parking 10
Basement Crawl Space
Subdivision Commercial
Directions N. Broadway at corner of Davidson Ct.
Standard status Active
APN 16309225
Size 1,724 SF
Lot size 0.20 Acres

Utilities

Utilities Natural Gas Available
Sewer type Public Sewer
Heating system Heat Pump (Heating), Forced Air
Cooling system Central Air

Building Details

Year built 1920
Floors in Building 1
Listing Agency: The Gibson Company
Listed By: Ed Richardson
Added: Apr 7 Changed: Oct 2 Last Checked: Oct 27 at 3:06AM
MLS# 26009201

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.

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Investment Insights

Based on property information with market context.

The property provides 1,724 square feet of office space in a building constructed in 1920. Building systems include central air conditioning, heat pump heating, and forced-air heating. Natural gas is available, and the property is connected to public sewer service.

Located at 635 N Broadway in Lexington, Kentucky, the property is within ZIP Code 40508 and Fayette County. Its office classification supports professional workplace use, subject to applicable lease terms and regulations.

Key Highlights

  • 1,724 square feet of office space
  • Constructed in 1920
  • Central air conditioning

Property Analytics

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Current Use

Sullivan Insurance Agency Insurance Agency

Suggested Use

Top Pick Home Appliance Store Butcher Pet Grooming Service Tanning Salon Pet Store (Bike/Boat/Book/etc) Store

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
$2.61 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,210
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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 28% below the average of $24.18 /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

Frequently Asked Questions

What type of property is this?
Office unit - Professional office space with central air, forced-air heating, and public sewer service.
Where is this office unit located?
The property is located at 635 N Broadway Lexington, KY.
What is the lease rate?
The lease rate is $2,500/Mo.
What are key features of this property?
This property features: 1,724 square feet of office space; Constructed in 1920; Central air conditioning
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