Lexington, KY Retail Property For Sale

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Retail for Sale

Lexington, KY 40507

Opportunity to purchase a completely renovated Main Street mixed-use restaurant and office building in the heart of downtown Lexington. The first floor restaurant and bar space currently occupied by West Main Crafting can be occupied by the purchaser to either take over operations or bring in a new concept. West Main Crafting would also consider continued operation in the space, if desired. The current owner substantially renovated the first floor upon acquiring the building in 2017. A few of the major renovations include: a full restaurant kitchen and bar build out, installation of structural steel allowing the floor plan to be opened up and installation of an elevator. The 2nd and 3rd floors are occupied by a wealth management company and have also recently been renovated to a modern office aesthetic.

Retail for Sale

Lexington, KY 40509

3,448 square foot free standing retail building located on Richmond Road with great visibility, signage and traffic counts. This property is just feet away from Richmond Road in front of The Chop House restaurant and next to Qdoba with daily traffic counts of over 53,000 cars. Signage available on the facade of the building and on the pole sign next to the property. The interior is 70% open showroom space with 30% storage/stockroom. There are 3 offices upstairs.

Retail for Sale

Lexington, KY 40503

NAI Isaac is pleased to present retail for sale or lease just off Nicholasville Road. +/-13,120 SF two-story building with great visibility and convenient parking.

Retail for Sale

Lexington, KY 40503

We are pleased to present this fully occupied prime retail strip center FOR SALE just off busy Nicholasville Road, in the heart one of Lexington’s busiest retail corridors. With the marquee & property visible from Nicholasville Road, the 15 businesses who call 145 Burt Road home receive the benefit of 40,235 passing vehicles per day.

A new investor can benefit from current owner’s detailed attention to renovating & leasing, with more than 80% of the units receiving full interior renovations in 2020. Tucked close to a Kroger anchored shopping center, with neighbors like Panera Bread, Burger King, Traditional Bank, and Jeff’s Car Wash, 145 Burt Road is perfectly located near popular 40503 neighborhoods, downtown Lexington (<2.8 miles), the University of Kentucky (1.5 miles), and Central Baptist Hospital (1.1 miles).

Lexington is highly ranked in a multitude of categories including the #9 most diversified metro economies in the US (WalletHub), #10 Best Cities for Young Professionals (SmartAsset), #2 Best Cities for College Grads (SmartAsset), and more.

***Contact listing agent to complete CA and obtain financial information about this listing.

Highlights:

100% occupied retail investment property presented at a 7.5% cap rate on in—place income.

1.3 acres; zoned B—1.

Busy Nicholasville Rd is a major Lexington retail thoroughfare.

Diverse mix of tenant businesses, with national (Kumon Learning, Wellnessmart), and strong local businesses (Gluten Free Miracles).

All rents collected in 2020!

Property includes 20 total units. Small unit size, proximity to Nicholasville Rd, and price point attract local service businesses to a convenient location. Property will never struggle when it comes to leasing.

16 units have been completely renovated in 2020, with current owner spending $250,000+ on Capital Expenditures to attract tenants and stabilize property.

Upgraded units received new HVAC units, new electric, LED lights, stylish glass doors, new LVT flooring, bathroom fixtures, and general maintenance items taken care of.

Current owner has done the heavy lifting, leaving future increases to the next owner.

Property has a new roof as of 2018 with a 10 year transferable warranty to be shared in Due Diligence.

Retail for Sale

Lexington, KY 40503

We are pleased to present an opportunity to invest in the fastest growing, predominately locally owned retail corridor in Lexington, KY. Southland Drive is home to some of the most iconic long standing local restaurants and service providers in the market including but not limited to: Winchell's, the Ketch, Donut Days, Taco Tico, Collins Bowling Lanes, Sharp's Candies, Old Kentucky Chocolates, Good Foods Co-Op, Marrikas Bier Stube, and Schwabs cigar shop. As Southland Drive has continued to adapt over the years, it is one of a few places in Lexington that has maintained its charming character which has positioned the corridor as one of the most sought after retail locations while simultaneously offering conservative entry level price points. With a location that is easy to access from both Nicholasville and Harrodsburg Roads, as well as the newly improved infrastructure and walkways allowing for pedestrian foot traffic, the corridor continues to make improvements that are paying serious dividends to visitors and retailers alike.

268-278 Southland Drive consists of two buildings totaling 16,300sf. The properties are 78% occupied with the current tenants being Planned Parenthood, Gold & Diamond Apparel, GDA Jewelers, Lexington Healing Arts Academy, Associates in Rehab (physical therapy), and Providence Community Church.

Highlights:

Lexington, KY Retail Investment Opportunity

Diverse Tenant Mix (COVID-19 & E-Commerce Resistant

Fast Growing Commercial Corridor with Significant Infrastructure Improvements

Newly Paved, Striped, and Sealed Parking Lot

Well lit and improved building facades stand out amongst other retailers

Visibility from Southland Drive

Predominantly locally owned businesses

** Contact listing agent to complete CA and obtain confidential financial OM.

Retail for Sale

Lexington, KY 40503

Recently renovated turn key restaurant in the popular Southland Dr corridor. 4,656 SF with a large outdoor patio.

Located in the middle of substantial recent Southland Drive improvements and re-developments.

Large Patio

Large Pylon sign

Great residential support in the surrounding neighborhoods

Property also includes a billboard with $5,650 in additional annual rent

*Property also available for lease at $22/SF + NNN

Retail for Sale

Lexington, KY 40505

For sale! The property consists of +/-1.28 AC in northeast Lexington with an average daily traffic count of +/-39,243 VPD on New Circle Road in front of the site. The site has superior frontage with two curb cuts on New Circle Road with additional access to the signalized intersection of Bryan Station Road and New Circle Road via cross access through Walgreen's property.

Retail for Sale

Lexington, KY 40507

We are pleased to offer retail / office space for sale and lease with 10 parking spaces. The property is located at the corner of Jefferson Street and Short Street, only one block from Rupp Arena at Central Bank Center. The B-1 zoning provides for a variety of retail and professional office uses. An owner or tenant can collect additional revenue by offering parking for events at Rupp Arena and the Central Bank Center, which is undergoing expansion.

Highlights:

Retail / Office Space for Sale

10 On-Site Parking Spaces Available in Lexington's Central Business District

Event Parking Provides Additional Revenue Stream

Close Proximity to Rupp Arena at Central Bank Center, Downtown Offices & Attractions

Retail for Sale

Lexington, KY 40505

Very attractive strip shopping center located on the very busy New Circle Road. One of Lexington's highest traffic counts coupled with densely populated surrounding neighborhoods, make this one of Lexington's most desirable business areas. Current occupancy 92%!

Retail for Sale

Lexington, KY 40507

What an opportunity to Purchase a Free-standing building with parking in downtown Lexington. 301 E. Vine St. is highly visible and beautifully remodeled with modern finishes. This building has exposed ceilings, open ductwork, concrete floors, and painted brightly throughout. The total space is ideal for a professional office user or any retail concept that wants to stand out downtown. The flexible B-2 zoning allows for office, retail, or residential. Tall Glass storefronts face Rose St. and Vine St letting in a lot of natural light. The open lobby at the entrance is perfect for an art gallery or impressive entrance and the restrooms are completely updated with lockers, showers, granite counter tops, sound systems, and even tvs. 301 E. Vine can accommodate a single tenant with 9,104 SF or be demised into 2 suites consisting of appx 4,500 SF each. Convenient surface parking on site as well as multiple access points form Rose, Vine and Water Streets. There are 7 HVAC units all connected with WiFi thermostats! It’s very rare to have a freestanding building in downtown with parking. This property is also in the Opportunity Zone. Existing layout includes a mix of wide open showroom or retail space, and small private offices.

Property Highlights:

-Highly Visible

-Opportunity Zone

-40 Surface Parking Spaces

-Remodeled Interior

Retail for Sale

Lexington, KY 40509

Opportunity to own or ground lease a unique property in a growth high demographic area of Lexington. This property could be converted to a full service Car Wash(existing improvements onsite) or utilized as a prime B-3 parcel to build upon or retrofit the existing structure to fit your business needs.

Great signage and access to the parcel.

Retail for Sale

Lexington, KY 40505

B-3 zoned retail building on two levels, lower level is rented at $1,250 per month street level space is available with a mezzanine area for new tenant or owner occupant. High traffic area with great visibility for retail. Great value at $50 per s.f.

Retail for Sale

Lexington, KY 40503

Investment opportunity available. Ruccio Pavilion, a +/-17,649 SF shadow retail center (100% leased), adjacent to Meijer, located on Ruccio Way just off Reynolds Road in south Lexington. The neighboring trade area includes Fayette Mall, Target, The Mall at Lexington Green, Lexington Green, a Class A office space complex of +/-160,000 SF, Embassy Suites Hotel and many other retail shops and restaurants. This location is well-positioned to the major arteries serving the Lexington region offering quick and convenient access to Nicholasville Road and New Circle Road.

Retail for Sale

Lexington, KY 40509

We are pleased to offer this Investment property FOR SALE. Great Annual Rents with Medical, Retail mix located along the commercial area of Richmond Road in Lexington, one of its major arteries, 43,576 vehicles per day. This Solid concrete construction consists of two street level spaces (4,990sf & 2,510sf) and four second floor spaces (685sf, 1,660sf, 2,295 sf & 3,131 sf). Elevator serves the second floor spaces. All units have individual heat pumps for heat and air, as well as, private bathrooms. For a review of the financials or to set up a tour of the property please contact.

HIGHLIGHTS

• Mix of retail & medical offices

• Fully leased

• Solid concrete construction

• Individual heat & air for each unit

• 43,576 VPD on Richmond Road

• Next to Lowe's, restaurants, banks, retail, & office buildings

Retail for Sale

Lexington, KY 40505

Land for Sale

Lexington, KY 40509

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