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Renovated Historic Office Building
For Lease
$5,000/Mo

642 W Main Street, Lexington, KY 40508

Commercial Lease, Lexington, KY

Space SizeContact for details
Lot Size0.25 Acres
Days on Market248

Property Features for 642 W Main Street

General Information

Property type Commercial Lease
Property subtype Other
Zoning B-2
Zoning description B2B
Parking 20
Subdivision Downtown
Directions Traveling West on Main Street, pass Rupp Arena and you will approach the property on your left. It is the only property that is not set back as far as the rest of the street. The driveway is on the left of the green house
Standard status Active
APN 10553900
Size 2,846 SF
Lot size 0.25 Acres

Utilities

Sewer type Public Sewer

Amenities

full kitchen and break room
covered front porch
two half bathrooms

Building Details

Year built 1855
Floors in Building 2
Listing Agency: Keller Williams Bluegrass Realty · Keller Williams Realty
Listed By: Taylor Martin
Added: Jan 21 Changed: Sep 12 Last Checked: Sep 26 at 1:06PM
MLS# 26001503

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.

This 2,846-square-foot office building at 642 W Main Street combines historic construction with updated interior finishes and modern fixtures. Built in 1855, the property offers a flexible layout that can accommodate approximately 5 to 8 private offices, depending on the arrangement of common areas and conference rooms. A full kitchen, break room, covered front porch, and two half bathrooms—one on each floor—support daily staff and client use.

The property is adjacent to Gatton Park in downtown Lexington and is zoned B-2. The 0.2468-acre site is served by public sewer. Its configuration is suited to businesses seeking adaptable office space with both historic character and contemporary functionality.

Key Highlights

  • 2,846‑square‑foot office building constructed in 1855
  • Flexible layout for approximately 5 to 8 private offices
  • Full kitchen and dedicated break room

Property Analytics

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Current Use

The Walker House Sober ... Medical Clinic Vertnor Woodson Tandy ... Tour Operator

Suggested Use

Top Pick Garden Center (Bike/Boat/Book/etc) Store Home Appliance Store Veterinary Clinic Mobile Phone Store Pharmacy

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
$3.16 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,906
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

$18.19 /SF/Yr
Avg Asking Price
$11.5–$23 /SF/Yr
Price Range
56,589 SF
Avg Space Size

This space is priced 16% above the average of $18.19 /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 building - Flexible B-2 office space with a kitchen, break room, covered porch, and updated interior finishes.
Where is this office building located?
The property is located at 642 W Main Street Lexington, KY.
What is the lease rate?
The lease rate is $5,000/Mo.
What are key features of this property?
This property features: 2,846‑square‑foot office building constructed in 1855; Flexible layout for approximately 5 to 8 private offices; Full kitchen and dedicated break room
More about this property
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