Renovated Two-Story Office
For Lease
$21.50 SF/Yr
881 Corporate Drive, Lexington, KY 40503
Newly renovated two-story office building offers elevator, updated common areas, and available first-floor suites.
Space Size6,688 SF
Property Size19,642 SF
Days on Market99
Property Features for 881 Corporate Drive
General Information
Standard status
Active
Size
6,688 SF
Total Parking Spaces
72
Property subtype
Office
Lease Term
Full Service
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Building Size
19,642 SF
Stories
2
Spaces For Lease
at 881 Corporate Drive
Suite 101
$21.50/SF/Yr
Size
6,688 SF
Term
Negotiable
Listed By:
Paul Ray Smith, Jr · License #KY #183529
(859) 420-2200
Source:
Naiglobal
Added: Jul 10
Changed: Oct 10
Last Checked: Oct 16 at 7:13AM
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 Paul Ray Smith, Jr
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Investment Insights
Based on property information with market context.
A newly renovated two-story office building with updated common areas, including common restrooms, and newly fit-up small office suites. The building update includes the addition of an elevator to support access between floors. Availability includes approximately 6,688 square feet on the first floor, within a larger roughly 27,247-square-foot office building. The property also provides 72 parking spaces for tenant and visitor use.
Located in Corporate Center at 881 Corporate Drive in Lexington, the building is positioned at the intersection of Harrodsburg and New Circle Roads. The area is described as offering convenient access to major routes throughout Lexington and the Central and Eastern Kentucky region, with proximity to Blue Grass Airport, downtown Lexington, retail, hotel accommodations, financial institutions, and Keeneland Race Course.
The listing is offered for lease on a full-service rental structure.
Located in Corporate Center at 881 Corporate Drive in Lexington, the building is positioned at the intersection of Harrodsburg and New Circle Roads. The area is described as offering convenient access to major routes throughout Lexington and the Central and Eastern Kentucky region, with proximity to Blue Grass Airport, downtown Lexington, retail, hotel accommodations, financial institutions, and Keeneland Race Course.
The listing is offered for lease on a full-service rental structure.
Key Highlights
- +/-27,247 SF two‑story office building with available +/-6,688 SF for lease on the first floor
- Newly renovated office building with an added elevator
- Updated common areas, including common restrooms and newly fit‑up small office suites
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
NNN (Triple Net)
Lease Type
$3.23 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
1,533
Businesses Nearby
Explore this area
Business Placement
Demographics for 40503, KY
28,073
Population
13,437
Households
2.1
Avg Household Size
39
Median Age
57%
College-Educated
96%
High-School Grad
8.8 sq mi
ZIP Area
3,190
Density / Sq Mi
$74,161
Median Household Income
$43,061
Median Earnings
$1,110
Median Rent
$280,000
Median Home Value
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Market
Lease Benchmarks for Lexington, KY
$18.78 /SF/Yr
Avg Asking Price
$13.5–$24 /SF/Yr
Price Range
55,663 SF
Avg Space Size
This space is priced 14% above the average of $18.78 /SF/Yr.
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Newly renovated two-story office building offers elevator, updated common areas, and available first-floor suites.
Where is this office building located?
The property is located at 881 Corporate Drive Lexington, KY.
What is the lease rate?
The lease rate is $21.50 SF/Yr.
What are key features of this property?
This property features: +/-27,247 SF two‑story office building with available +/-6,688 SF for lease on the first floor; Newly renovated office building with an added elevator; Updated common areas, including common restrooms and newly fit‑up small office suites
