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Flex Space with Heated Warehouse

764 Westland Drive, Lexington, KY 40504

For Lease
$9 SF/Yr

I-2-zoned space combines office area with a heated warehouse and two restroom facilities.

Space Size6,200 SF
Days on Market604

Property Features for 764 Westland Drive

General Information

Standard status Active
Size 6,200 SF
Net Rentable 6,200 SF
Zoning I-2

Space & Availability

Available Space 6,200 SF
Contiguous Space 6,200 SF
Space Use Flex

Warehouse & Industrial

Clear Height 12 ft
Warehouse Space 5,400 SF
Office Build-Out 800 SF
Dock-High Doors 1
Drive-In Doors 1
Warehouse Heated Yes

Amenities

two restrooms

Building Details

Building Size 6,200 SF
Year Built 1974
Listing Agency: The Gibson Company
Listed By: Brian Erwin · License KY #66559, KY #210478
Source: Kypropertyhunters
Added: Mar 21, 2025 Changed: Nov 13 Last Checked: Nov 13 at 5:54PM

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 The Gibson Company

Rey
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Investment Insights

Based on property information with market context.

This 6,200-square-foot flex property, built in 1974, includes approximately 800 square feet of office space and 5,400 square feet of warehouse area. The warehouse is heated and has 12-foot clear height, one dock-level door, and one 10-foot drive-in door. Two restrooms serve the property.

Zoned I-2, the space is available for lease. Automotive repair is not permitted.

Key Highlights

  • 6,200 SF total, with approximately 800 SF of office and 5,400 SF of warehouse
  • Heated warehouse with 12' clear height
  • One dock‑level door and one 10' drive‑in door

Property Analytics

Current Use

Meridien Real Estate Real Estate Agency Lexington Concrete Co Construction Company

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Spa & Massage Center Nail Salon Hair Salon

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

12 ft
Clear height
1
Dock-high doors
1
Drive-in doors
NNN (Triple Net)
Lease Type
$1.35 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

274
Businesses Nearby
Under-served
Demand for This Use

Demographics for 40504, KY

26,042
Population
13,175
Households
2
Avg Household Size
34
Median Age
32%
College-Educated
84%
High-School Grad
6.2 sq mi
ZIP Area
4,200
Density / Sq Mi
$43,015
Median Household Income
$29,195
Median Earnings
$888
Median Rent
$209,400
Median Home Value

Market

Lease Benchmarks for Lexington, KY

$10.39 /SF/Yr
Avg Asking Price
$6–$22.08 /SF/Yr
Price Range
18,674 SF
Avg Space Size

This space is priced 13% below the average of $10.39 /SF/Yr.

Average Price Trend$/SF/Yr for Flex space in Lexington, KY

$11.41 Jul
$11.65 Aug
$11.96 Sep
$10.91 Oct

Properties on Market for Flex space in Lexington

Jul
Aug
Sep
Oct

Vacancy Rate% for Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025

Similar Off Market Nearby

  • Firehouse Subs Leestown — 1781 Sharkey Way, Lexington, KY 40511

Frequently Asked Questions

What type of property is this?
Flex space - I-2-zoned space combines office area with a heated warehouse and two restroom facilities.
Where is this flex space located?
The property is located at 764 Westland Drive Lexington, KY.
What is the lease rate?
The lease rate is $9 SF/Yr.
What are key features of this property?
This property features: 6,200 SF total, with approximately 800 SF of office and 5,400 SF of warehouse; Heated warehouse with 12' clear height; One dock‑level door and one 10' drive‑in door
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