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    Lexington, KY
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    Lexington, KY Office Units for Sale

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    Permit-Ready Corner Retail Shell
    Updated: Jun 16
    Permit-Ready Corner Retail Shell

    503 East Third Street, Lexington, KY 40508

    $1,100,000
    8,260 sqft
    Fully gutted commercial shell (1938) with a submitted building permit for 8,260 SF of three‑front retail
    B‑1 Neighborhood Business zoning; by‑right uses include retail, restaurant, medical, office, and personal service
    Corner location at E Third St & Midland Ave on a signalized intersection, with three proposed suites of 1,730 SF, 3,628 SF, and 2,895 SF
    Suites can be leased individually, combined for a single user, or reconfigured for different layouts
    Offered as‑is, permit‑ready for buyer‑controlled buildout and tenant lease planning
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    This listing looks promising.

    Here's a quick look at some key insights for

    503 East Third Street, Lexington, KY 40508

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    • Est. Cap Rate

      8.4%
      Above avg (5.9%)

    • Est. NOI

      $92K
      Annual

    • Mortgage

      $364K
      Feb 2022

    • Last Sold

      Feb 2022
      $455K

    • Property Type

      Apartments (Generic)
      Built 1900
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    Top-Floor Office Suite Portfolio
    Updated: Jun 18
    Top-Floor Office Suite Portfolio

    300 E Main Street, Lexington, KY 40507

    $850,000
    9,717 sqft
    Entire top‑floor office portfolio at 300 East Main in downtown Lexington
    Total 9,717 SF with multiple office suites that can be used together or divided into individual suites
    Flexible layout with 20 private offices, large conference room, 2 kitchenettes, large private meeting room, and two large open workspaces
    8 parking spaces total: 3 covered and 5 surface, plus 4 additional visitor parking spaces
    Year built: 1983
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    Downtown Lexington Mixed-Use Building
    Downtown Lexington Mixed-Use Building

    161 N Limestone, Lexington, KY 40507

    $1,825,000
    7,343 sqft 0.05 AC lot

    Three-story renovated building in prime downtown location.

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    Second-Floor Office Condo
    Second-Floor Office Condo

    80 Codell Drive, Lexington, KY 40509

    $250,000
    955 sqft

    Second-floor office condo offered for sale in Lexington, KY, currently used by a photography business.

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    Downtown Building with Upscale Renovations
    Downtown Building with Upscale Renovations

    161 N Limestone, Lexington, KY 40507

    $1,825,000
    7,343 sqft

    Downtown building with recent renovations and lease income potential.

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    Office Suite with Private Offices
    Office Suite with Private Offices

    108 Dennis Drive, Lexington, KY 40503

    $359,900
    1,242 sqft 0.27 AC lot

    Well-appointed office space with private offices, open work areas, and covered patio plus off-street parking.

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    Updated First-Floor Office Condo
    Updated First-Floor Office Condo

    141 Prosperous Place, Lexington, KY 40509

    $215,000
    882 sqft

    First-floor office condo in Richmond Square Office Park with conference space, three offices, kitchenette, and updated finishes.

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    Vaulted Ceiling Office Condo Suite
    Vaulted Ceiling Office Condo Suite

    3131 Custer Drive, Lexington, KY 40517

    $220,000
    1,152 sqft 0.05 AC lot

    Single-story suite with six private offices, two restrooms, and two private entrances in a quiet office condo community.

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    Basement Office Suite with Conference Room
    Basement Office Suite with Conference Room

    1795 Alysheba Way Ste 2202, Lexington, KY 40509

    $189,000
    1,000 sqft

    Basement office condominium with hardwood floors, 9-foot ceilings, and dedicated reception, kitchen, and conference space.

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    Second-Floor Office Condo
    Second-Floor Office Condo

    80 Codell Drive, Lexington, KY 40509

    $174,000
    955 sqft

    Office condo on the second floor, currently used by Lexington Fetal Photography, with seller financing available.

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    Mixed-Use Gem in Downtown Lexington
    Mixed-Use Gem in Downtown Lexington

    144 N Broadway, Lexington, KY 40507

    $6,500,000
    18,032 sqft 0.18 AC lot

    Four-story mixed-use property in the heart of downtown Lexington.

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    Updated Flex Building in Lexington
    Updated Flex Building in Lexington

    1040 Manchester Street, Lexington, KY 40508

    $1,250,000
    11,578 sqft 0.80 AC lot

    Updated flex building with warehouse space in central Lexington.

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    Move-In Ready Office Condo
    Move-In Ready Office Condo

    513 Darby Creek Road, Lexington, KY 40509

    $325,000
    3,141 sqft

    Move-in ready office condo with a layout suited to private meetings and focused work.

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    Recently Renovated Office Condo
    Recently Renovated Office Condo

    2700 Old Rosebud Rd, Lexington, KY 40509

    $495,000
    2,634 sqft

    Recently renovated office condo available for sale with convenient access to I-75 and I-64.

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    I-1 Zoned Flex Warehouse
    I-1 Zoned Flex Warehouse

    112 Westhampton Drive, Lexington, KY 40511

    $1,650,000
    10,175 sqft 1.46 AC lot

    Flex warehouse includes climate-controlled office, lab/clean room, and warehouse space with a drive-in door.

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    Live-Work Office with Multiple Fireplaces
    Live-Work Office with Multiple Fireplaces

    117 W Maxwell Street, Lexington, KY 40508

    $249,900
    958 sqft 0.05 AC lot

    Remodeled B-1 live-work office with multiple fireplaces, hardwood floors, a full bath, kitchenette, and a fenced side patio.

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    Stand-Alone Office Building with Corner Signage
    Stand-Alone Office Building with Corner Signage

    287 Pasadena Drive, Lexington, KY 40503

    Contact for pricing
    5,480 sqft

    Stand-alone office space with private on-site parking and prominent signage at a lighted corner intersection.

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    Versatile Commercial Suite on Nicholasville Road
    Versatile Commercial Suite on Nicholasville Road

    2121 Nicholasville Road, Lexington, KY 40503

    $185,000
    771 sqft 0.02 AC lot

    771 sq ft suite suitable for various professional uses.

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    Light Industrial Warehouse with Office
    Light Industrial Warehouse with Office

    1095 Majaun Rd, Lexington, KY 40511

    Contact for pricing
    5,320 sqft

    Zoned I-1 property with office space, warehouse area, and secure outdoor yard for equipment or vehicle storage.

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    West Zandale Plaza Retail/Office Center
    West Zandale Plaza Retail/Office Center

    151 West Zandale Drive, Lexington, KY 40503

    Contact for pricing
    12,000 sqft 1.29 AC lot

    Retail/office center on 1.29 acres near hospitals and universities.

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    Downtown Second-Floor Office Suite
    Downtown Second-Floor Office Suite

    127 West Main Street, Suite 200, Lexington, KY 40507

    Contact for pricing
    2,253 sqft

    Renovated second-floor office with tall ceilings, a full kitchen, and private offices—well positioned near Lexington courthouses.

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    Downtown Lexington Office Suite
    Downtown Lexington Office Suite

    115 W 2nd St, Suite 101, Lexington, KY 40507

    Contact for pricing
    1,200 sqft

    Move-in-ready office suite in downtown Lexington near courthouses.

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    Mixed-Use Development Near Lexington Airport
    Mixed-Use Development Near Lexington Airport

    1051 Newtown Pike, Lexington, KY 40511

    Contact for pricing
    86,700 sqft 9.88 AC lot

    Four-building mixed-use property with office, retail, flex, and warehouse space.

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    Lexington Single-Story Office Environment
    Lexington Single-Story Office Environment

    2201 Regency Road, Lexington, KY 40503

    Contact for pricing
    47,200 sqft

    Single-story office environment with ample parking in south Lexington.

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    Lexington, KY Office Units Market Trends and Statistics

    Explore 46 office units for sale in Lexington, KY, showcased through 37 active listings on our real estate platform. These investment opportunities span a total of 86,138 square feet of properties for sale, with an estimated market value of $17,662,800.

    Sale prices for office units in Lexington, KY start at $174,000, averaging $1,038,988, and reaching up to $6,500,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Office Units 142
    Office buildings 59
    Medical Office Space 24
    Coworking space 7
    Creative space 6

    Demographics Overview

    Population 322K
    Population Growth (5Y) +1.0%
    Median Household Income $71,202
    College Educated 25.6%

    High-Yield Neighborhoods for Investment

    Identify Lexington submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    40509 $119.7K
    40503 $121.2K
    40517 $148.3K
    40505 $340K
    40511 $649.2K

    Taxes & Financing

    Tax Rate (average for all types) 1.22%
    Property Tax per SF $11.25 per SF
    Tax Rate vs County Average 0.01 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Fayette County

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

    The majority of commercial real estate listings in Lexington fall within the 2,500 to 5,000 square foot range.

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    Most Searched ZIP Codes in Lexington, KY

    • 40509
    • 40503
    • 40507
    • 40511
    • 40508
    • 40517
    • 40505
    • 40513

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