Retail Space with Office
New
For Lease
$17 SF/Yr
115 Codell Drive, Lexington, KY 40509
Commercial Lease, Lexington, KY
Space Size1,215 SF
Lot Size1.80 Acres
Days on Market1
Property Features for 115 Codell Drive
General Information
Property type
Commercial Lease
Property subtype
Retail
Zoning
B-3
Subdivision
Commercial
Directions
Off Richmond Road on Codell Drive
Standard status
Active
APN
38093530
Size
1,215 SF
Lot size
1.80 Acres
Building Details
Year built
2004
Listing Agency:
Keller Williams Commonwealth · Keller Williams Realty
(859) 721-2121
Listed By:
Bryan Little · License #217370
(859) 619-4969
Added: Sep 22
Last Checked: Sep 22 at 3:06PM
MLS# 26026213
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.
This 1,215-square-foot retail space at 115 Codell Drive is configured for a combination of office and customer-facing functions. The interior includes three offices, a waiting area, and one restroom, providing a defined layout for retail or office use. The property was built in 2004 and carries B-3 zoning.
The space is part of Richmond Woods Shopping Center in Lexington, Kentucky. Anticipated availability is December 1, 2026. The associated property information identifies a 1.8-acre site and places the property in Fayette County, within ZIP Code 40509.
The space is part of Richmond Woods Shopping Center in Lexington, Kentucky. Anticipated availability is December 1, 2026. The associated property information identifies a 1.8-acre site and places the property in Fayette County, within ZIP Code 40509.
Key Highlights
- 1,215 SF retail space in Richmond Woods Shopping Center
- Interior layout includes three offices, a waiting area, and one restroom
- B‑3 zoning designation
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
$2.55 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
1,129
Businesses Nearby
368k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 60%
Shops & Services 20%
Home Improvements & Furnishings 10%
Groceries 3%
Lowe's
Home Improvements & Furnishings
29,706 visits/mo
0.1 miles
Speedway
Shops & Services
26,290 visits/mo
0.3 miles
Wendy's
Dining
24,492 visits/mo
0.4 miles
7 Brew Coffee
Dining
24,017 visits/mo
0.3 miles
Ollie's Bargain Outlet
Shops & Services
19,218 visits/mo
0.5 miles
Demographics for 40509, KY
44,572
Population
19,802
Households
2.3
Avg Household Size
36
Median Age
57%
College-Educated
95%
High-School Grad
47.8 sq mi
ZIP Area
932
Density / Sq Mi
$89,429
Median Household Income
$52,489
Median Earnings
$1,317
Median Rent
$338,200
Median Home Value
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Market
Lease Benchmarks for Lexington, KY
$33.29 /SF/Yr
Avg Asking Price
$8–$556 /SF/Yr
Price Range
41,618 SF
Avg Space Size
This space is priced 49% below the average of $33.29 /SF/Yr.
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - B-3-zoned space in Richmond Woods Shopping Center includes private offices, a reception area, and restroom facilities.
Where is this retail space located?
The property is located at 115 Codell Drive Lexington, KY.
What is the lease rate?
The lease rate is $17 SF/Yr.
What are key features of this property?
This property features: 1,215 SF retail space in Richmond Woods Shopping Center; Interior layout includes three offices, a waiting area, and one restroom; B‑3 zoning designation
