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    405 S Limestone, Unit 2 Lexington, KY 40508

    For Lease
    $30 SF/Yr ($3,627 /Mo)

    COMMERCIAL - Lexington, KY

    Type:Retail
    Property size:
    1,451 SF
    Lot size:
    3.83 Acres
    Days on Market:
    85
    Last Refresh:
    Dec 5 at 9:06 pm

    Property Features for 405 S Limestone

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Standard status
    Active
    APN
    94038560-2
    Size
    1,451 SF
    Lot size
    3.83 Acres

    Building Details

    Year built
    2020

    Block + Lot Real Estate 3090099

    Listing agent Gregory Leveridge (859) 309-0099

    Listing date Sep 12, 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

    Retail Space in Innovation Community

    This commercial property, located in Lexington, KY, offers retail and restaurant spaces for rent. Situated within Lexington's Innovation Community, the property aims to create synergy between the University of Kentucky innovation space, the community, and the campus. The property is targeting tenants to establish a food hall and a traditional retail experience, including restaurants and service-oriented retail businesses. The available space measures 1451 square feet and is located on a 3.83-acre lot. Ample on-site parking is available. This presents a unique opportunity to participate within a network of other community businesses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Law Firm Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Fayette
    State
    Kentucky
    Longitude
    -84.504586
    Latitude
    38.041691

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    FAQs

    What type of property is this?
    Retail space - Retail and restaurant spaces available in Lexington's Innovation Community.
    Where is this retail space located?
    The property is located at 405 S Limestone, Unit 2 Lexington, KY.
    What is the lease rate?
    The lease rate is $30 SF/Yr.
    What are key features of this property?
    This property features: - Located in Lexington's First Innovation Community.; - UK Plus accepted, creating synergy with the UK innovation space.; - Opportunity to participate within a network of other community businesses.
    (859) 309-0099
    Request Owner's contact information
    405 S Limestone, Unit 2 Lexington, KY 40508
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    Lexington, KY 40508
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    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
    405 S Limestone, Unit 2 Lexington, KY 40508
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