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    262-264 Vine St Lexington, KY 40507

    For Lease
    $12 SF/Yr ($4,400 /Mo)

    Versatile industrial space, ideal for storage.

    Lot size:
    4,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 4,400-square-foot industrial property in Lexington, Kentucky, presents a unique opportunity. Located at 262-264 E Vine St, in the Downtown Management District, this single-story building offers 2,200 square feet of immediately available flex space, divisible into smaller units. The property boasts B-2 zoning, allowing for diverse uses including flex, residential, office, and retail, making it particularly well-suited for storage needs. Two drive-in doors and two additional entrances provide convenient access. The space includes stubbed plumbing for a restroom and transom windows for natural light. Its prime location in Lexington's Central Business District offers easy access to numerous amenities, including retailers, restaurants, and banks, and is within minutes of Rupp Arena, LexLive, and the Central Bank Center. The property's convenient location and flexible zoning make it an attractive option for a variety of businesses. The parcel number is 10015300. This is a rare opportunity to secure a versatile space in a thriving downtown location.

    Property Features for 262-264 Vine St

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,400 SF
    Total Rate
    4400

    Building Details

    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Suite 1
    Size
    2,200 SF
    Rate per SF
    $12

    HighLights

    • Conveniently located off E. Vine Street in Lexington's Central Business District.
    • Flexible B‑2 zoning allows diverse uses including flex, residential, office, and retail.
    • 4,400 SF single‑story building with 2,200 SF of immediately available flex space, divisible into smaller units.
    • Ideal for storage, including vehicles; features two drive‑in doors and two additional entrances.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Law Firm Building Supply Clothing Store Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Fayette
    State
    Kentucky
    Longitude
    -84.4946673
    Latitude
    38.0421975

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    FAQs

    What type of property is this?
    Distribution property - Versatile industrial space, ideal for storage.
    Where is this distribution property located?
    The property is located at 262-264 Vine St Lexington, KY.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: Conveniently located off E. Vine Street in Lexington's Central Business District.; Flexible B-2 zoning allows diverse uses including flex, residential, office, and retail.; 4,400 SF single-story building with 2,200 SF of immediately available flex space, divisible into smaller units.
    Request Owner's contact information
    262-264 Vine St Lexington, KY 40507
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    Lexington, KY 40507
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    262-264 Vine St Lexington, KY 40507
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