Versatile Commercial Suite on Nicholasville
2121 Nicholasville Road Lexington, KY 40503
2121 Nicholasville Road, Lexington, KY, 40503
$185,000
Pending
For Sale
$185,000
Pending
COMMERCIAL - Lexington, KY
Property Size771 SF
Lot Size0.02 Acres
Days on Market212
Property Features for 2121 Nicholasville Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Pending
- APN
- 11302743
- Size
- 771 SF
- Lot size
- 0.02 Acres
Building Details
- Year built
- 1975
Listing agency
CENTURY 21 Advantage Realty
(859) 721-0121
Listed by
Sharon Angelina A Allen
(859) 797-1491
Added: Dec 23, 2025 Updated: May 28 at 3:53PM Checked: Jul 23 at 5:06AM
MLS# 25508429
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.
Located in a prominent, high-traffic commercial corridor in Lexington, this 771 sq. ft. ground-level suite is situated within the Continental Tower. The space offers a flexible layout suitable for a range of professional uses. Previously used as a hair salon and a beauty salon providing services such as facials, eyebrow threading, waxing, and tinting, the suite includes multiple private rooms and full plumbing access. It is suited for law firms, real estate offices, insurance agencies, therapy or counseling practices, beauty and wellness studios, or other professional enterprises seeking immediate occupancy. Its ground-level exposure on Nicholasville Road ensures visibility. The property is located in Lexington, KY 40503.
Key Highlights
- Prime location on Nicholasville Road with high visibility and traffic.
- Flexible layout suitable for various professional uses.
- Turnkey‑ready space with multiple private rooms and full plumbing access.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $15.7k | $20.40 |
| − Vacancy | −$2.1k | −$2.72 |
| EGI | $13.6k | $17.68 |
| − OpEx | −$3.4k | −$4.42 |
| NOI | $10.2k | $13.26 |
771 SF · lease $20.40/SF/yr · vacancy 13.32% · expense 25.00%
Alternative Uses
Best Use
Office B
$146.1K
$127.8K – $170.4K
NOI $10,225 @ 7.0% cap · market cap 5.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$160.6K
$140.6K – $187.4K
NOI $11,245 @ 7.0% cap · market cap 6.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Charles J Lisle ...
Law Firm
CENTURY 21 Advantage ...
Real Estate Agency
Batmark Gold
Big Box & Wholesale Store
The Blissful Beauty Lounge
Hair Salon
Continental Towers
Apartment Building
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - 771 sq ft suite suitable for various professional uses.
Where is this office units located?
The property is located at 2121 Nicholasville Road Lexington, KY.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: Prime location on Nicholasville Road with high visibility and traffic.; Flexible layout suitable for various professional uses.; **Turnkey‑ready space with multiple private rooms and full plumbing access.**
