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Downtown Lexington Office/Retail Complex
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401 W Main St, Lexington, KY 40507

140,000 SF office/retail complex in downtown Lexington.

Space Size419 SF - 11,253 SF
Property Size140,000 SF
Days on Market512

Property Features for 401 W Main St

General Information

Standard status Active
Size 419 SF - 11,253 SF
Property subtype Retail, Office
Lease Type Modified Gross

Building Details

Building Size 140,000 SF
Tenancy Multiple

Spaces For Lease

at 401 W Main St Contact us

Suite 108

Size
419 SF
Type
Office, Retail
Lease Type
Modified Gross
Availability
Active
Contact us

Suite 4th Floor

Size
11,253 SF
Type
Office
Lease Type
Modified Gross
Availability
Active
Contact us
Listing Agency: NAI Isaac
Listed By: Jamie Adams, SIOR, CCIM · License #KY 72334
Source: Crexi
Added: Apr 8, 2025 Changed: Aug 27 Last Checked: Sep 1 at 1:20AM

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 NAI Isaac

Investment Insights

Based on property information with market context.

The Square is a 140,000 SF office and retail complex situated in downtown Lexington, Kentucky. The property is located at the intersection of Main Street and Broadway (US 68). It offers accessibility from I-75 and I-64.

Key Highlights

  • 140,000 SF office/retail complex.
  • Located in the heart of downtown Lexington.
  • Easily accessible from I‑75 and I‑64.

Property Analytics

Current Use

The Square Business Service Center C-Forward Tech Support Center Plymale Gallery Art Gallery Lexington Rotary Club Charitable Organization Henry Watz Raine ... Law Firm

Suggested Use

Top Pick Garden Center Auto Parts Store Locksmith (Bike/Boat/Book/etc) Store HVAC Service Electrical Service

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
$2.18 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

3,686
Businesses Nearby

Demographics for 40507, KY

2,043
Population
1,765
Households
1.2
Avg Household Size
44
Median Age
54%
College-Educated
93%
High-School Grad
0.4 sq mi
ZIP Area
5,108
Density / Sq Mi
$34,543
Median Household Income
$40,826
Median Earnings
$642
Median Rent
$391,000
Median Home Value

Market

Lease Benchmarks for Lexington, KY

$18.42 /SF/Yr
Avg Asking Price
$11.5–$26 /SF/Yr
Price Range
67,563 SF
Avg Space Size

This space is priced 21% below the average of $18.42 /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
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office building - 140,000 SF office/retail complex in downtown Lexington.
Where is this office building located?
The property is located at 401 W Main St Lexington, KY.
What is the lease rate?
The lease rate is $14.50 SF/Yr.
What are key features of this property?
This property features: 140,000 SF office/retail complex.; Located in the heart of downtown Lexington.; Easily accessible from I‑75 and I‑64.
More about this property
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