Shopping Center Retail
For Lease
$21 SF/Yr
120 W Tiverton Way, Lexington, KY 40503
Commercial Lease, Lexington, KY
Space SizeContact for details
Lot Size11.63 Acres
Days on Market213
Property Features for 120 W Tiverton Way
General Information
Property type
Commercial Lease
Property subtype
Retail
Zoning
B-3
Zoning description
B-3
Subdivision
Commercial
Directions
Next to Half Priced Books
Standard status
Active
APN
2201790.0
Size
12,325 SF
Lot size
11.63 Acres
Building Details
Year built
1987
Listing Agency:
True Line Real Estate
(859) 721-2994
Listed By:
Hunter Porter · License #223526
(859) 327-8987
Added: Mar 6
Changed: Oct 2
Last Checked: Oct 5 at 10:06AM
MLS# 26004210
Copyright © 2026 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Fayette Place is an 11.63-acre shopping center offering 12,325 square feet of retail space. The property was built in 1987 and carries B-3 zoning. Existing national retailers include Ross, Shoe Carnival, Carter's, and Dollar Tree, creating an established multi-tenant retail environment.
The center is positioned on Nicholasville Rd in Lexington, adjacent to Fayette Mall and across from The Summit at Fritz Farm lifestyle center. The property is less than 2 miles from the University of Kentucky, which has more than 30,000 students, and is located within a densely populated retail and residential area. Reported traffic volume is 77,000 VPD.
The center is positioned on Nicholasville Rd in Lexington, adjacent to Fayette Mall and across from The Summit at Fritz Farm lifestyle center. The property is less than 2 miles from the University of Kentucky, which has more than 30,000 students, and is located within a densely populated retail and residential area. Reported traffic volume is 77,000 VPD.
Key Highlights
- 12,325 square feet of retail space
- 11.63‑acre shopping center site
- National retailers include Ross, Shoe Carnival, Carter's, and Dollar Tree
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
$3.15 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
891
Businesses Nearby
1.1M
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 26%
Dining 25%
Superstores 14%
Shops & Services 12%
Walmart
Superstores
159,361 visits/mo
0.2 miles
DICK'S Sporting Goods
Apparel
118,205 visits/mo
0.4 miles
Dillard's
Apparel
57,252 visits/mo
0.4 miles
Cinemark Fayette Mall
Leisure
55,513 visits/mo
0.1 miles
Whole Foods Market
Groceries
46,316 visits/mo
0.3 miles
Demographics for 40503, KY
28,073
Population
13,437
Households
2.1
Avg Household Size
39
Median Age
57%
College-Educated
96%
High-School Grad
8.8 sq mi
ZIP Area
3,190
Density / Sq Mi
$74,161
Median Household Income
$43,061
Median Earnings
$1,110
Median Rent
$280,000
Median Home Value
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Market
Lease Benchmarks for Lexington, KY
$21.39 /SF/Yr
Avg Asking Price
$9–$30 /SF/Yr
Price Range
91,001 SF
Avg Space Size
This space is priced 2% below the average of $21.39 /SF/Yr.
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Shopping center - Retail space within a multi-tenant center with established national retailers and a location along a major commercial corridor.
Where is this shopping center located?
The property is located at 120 W Tiverton Way Lexington, KY.
What is the lease rate?
The lease rate is $21 SF/Yr.
What are key features of this property?
This property features: 12,325 square feet of retail space; 11.63‑acre shopping center site; National retailers include Ross, Shoe Carnival, Carter's, and Dollar Tree
