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First-Floor Office with Drive-Through

998 Governors Ln, Lexington, KY 40513

For Lease
$24 SF/Yr Modified Gross

Customer-facing office suite with prominent building signage and an adaptable private-office layout.

Space Size4,443 SF
Days on Market102

Property Features for 998 Governors Ln

General Information

Standard status Active
Size 4,443 SF
Net Rentable 4,443 SF
Property subtype Office
Zoning P-1
Lease Type Modified Gross

Space & Availability

Available Space 4,443 SF
Contiguous Space 4,443 SF
Floor 1
Space Use Office
Meeting Rooms 1

Site & Location

Neighborhood Harrods Hill Nghd
Road Access Yes

Amenities

signage
drive-through lanes
ATM lane
Power
Water
Sewer

Building Details

Year Built 2010

Spaces For Lease

at 998 Governors Ln
Available Space $24/Mo
Contact us
Listing Agency: The Gibson Company
Listed By: Kevin Verhoven · License KY #58263
Source: Kcrea.resimplifi
Added: Aug 1 Changed: Oct 27 Last Checked: Nov 10 at 5:19AM

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 4,443 SF first-floor office includes a reception and lobby area, multiple private offices, a conference room, and existing teller stations. The space was previously configured as a bank branch and retains two drive-through lanes along with a separate ATM lane, supporting customer-facing operations and potential office reconfiguration.

Building signage is available, with additional signage positioned on the drive-through canopy. Beaumont Centre provides access to New Circle Road and Harrodsburg Road, along with nearby shopping, dining, and business amenities in Lexington. The property was built in 2010.

Key Highlights

  • 4,443 SF first‑floor office suite
  • Two drive‑through lanes plus a dedicated ATM lane
  • Existing teller stations, private offices, conference room, and reception/lobby area

Property Analytics

Current Use

Whitaker Bank Bank Lexington Real Estate Real Estate Agency Florida Tile Inc Home Decor Store Succession Wealth Planning Financial Advisor The Huff Shepler Group Real Estate Agency

Suggested Use

Top Pick Restaurant Building Supply Auto Repair Shop Big Box & Wholesale Store Hair Salon Auto Parts Store

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

Yes
Paved road access
NNN (Triple Net)
Lease Type
$3.60 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,537
Businesses Nearby

Demographics for 40513, KY

11,244
Population
4,734
Households
2.4
Avg Household Size
45
Median Age
71%
College-Educated
98%
High-School Grad
14.7 sq mi
ZIP Area
765
Density / Sq Mi
$126,642
Median Household Income
$76,503
Median Earnings
$1,413
Median Rent
$448,100
Median Home Value

Market

Lease Benchmarks for Lexington, KY

$25 /SF/Yr
Avg Asking Price
$1.29–$220 /SF/Yr
Price Range
13,313 SF
Avg Space Size

This space is priced 4% below the average of $25 /SF/Yr.

Average Price Trend$/SF/Yr for Office Units in Lexington, KY

$28.13 Jul
$23.2 Aug
$23.2 Sep
$23.36 Oct

Properties on Market for Office Units in Lexington

Jul
Aug
Sep
Oct

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

Frequently Asked Questions

What type of property is this?
Office unit - Customer-facing office suite with prominent building signage and an adaptable private-office layout.
Where is this office unit located?
The property is located at 998 Governors Ln Lexington, KY.
What is the lease rate?
The lease rate is $24 SF/Yr.
What are key features of this property?
This property features: 4,443 SF first‑floor office suite; Two drive‑through lanes plus a dedicated ATM lane; Existing teller stations, private offices, conference room, and reception/lobby area
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