Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1408 Leestown Rd Lexington, KY 40511

    For Lease
    $18 SF/Yr ($5,184 /Mo)

    COMMERCIAL - Lexington, KY

    Type:Retail
    Property size:
    3,456 SF
    Lot size:
    0.19 Acres
    Days on Market:
    16
    Last Refresh:
    Dec 5 at 4:06 am

    Property Features for 1408 Leestown Rd

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Standard status
    Active
    Zoning
    B-3
    APN
    20919500
    Size
    3,456 SF
    Lot size
    0.19 Acres

    Building Details

    Year built
    1976

    The Gibson Company 2248833

    Listing agent Dallas Hodge (859) 224-8833

    Listing date Nov 20, 2025

    Copyright © 2025 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Retail Space Near Downtown

    This newly renovated building offers over 3,000 square feet of space suitable for commercial use. The property is zoned B-3 and has excellent visibility. It is located close to downtown Lexington, Kentucky, with easy access to New Circle Road. The lot size is 0.19 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Sam's Used Cars Car Dealer U-Haul Neighborhood Dealer Trailer Rental Service

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Fayette
    State
    Kentucky
    Longitude
    -84.521214
    Latitude
    38.063717

    Nearby Similar for Lease

    • $650 /Mo
      30,492 SF

      Downtown Lexington Coworking Space

      Flexible private offices in downtown Lexington with various amenities.
      110 W Vine St, Lexington, KY 40507
      View Details
    • $650 /Mo
      2,050 SF

      Premier Office Condo on Man O'War

      Turnkey office condo with visibility on Man O' War Boulevard.
      525 Darby Creek Rd, Lexington, KY 40509
      View Details
    • $2,500 /Mo
      1,702 SF

      Versatile Office Space For Rent

      Handicap accessible office space with many potential uses.
      507 Darby Crk Rd Unit, Lexington, KY 40509
      View Details
    • $15 SF/Yr
      2,172 SF

      Prime Office/Showroom on New Circle

      Move-in ready office/retail space with high visibility near Nicholasville Road.
      2577 Regency Rd, Lexington, KY 40503
      View Details
    • $19 SF/Yr
      6,848 SF

      Downtown Lexington Creative Office Space

      Renovated historic building with modern amenities in downtown Lexington.
      146 E Third St, Lexington, KY 40508
      View Details
    • $20 SF/Yr
      1,555 SF

      Downtown Lexington Commercial Space Available

      Remodeled office/retail space in downtown Lexington, near Sayre School.
      169 N Limestone, Lexington, KY 40507
      View Details

    FAQs

    What type of property is this?
    Retail space - Newly renovated retail space with excellent visibility near downtown.
    Where is this retail space located?
    The property is located at 1408 Leestown Rd Lexington, KY.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: - Newly renovated B-3 building with over 3,000 sf. of space.; - Excellent visibility.; - Close to downtown.
    (859) 224-8833
    Request Owner's contact information
    1408 Leestown Rd Lexington, KY 40511
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1408 Leestown Rd
    Lexington, KY 40511
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1408 Leestown Rd Lexington, KY 40511
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.