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    1701-1785 Alexandria Dr Lexington, KY 40504

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    For Sale
    $6,500,000

    Neighborhood shopping center with diverse tenants and strong occupancy.

    Property Features for 1701-1785 Alexandria Dr

    General Information

    Zoning
    B-1

    Source: Nathan Dilly Agent Nathan Dilly

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Established Lexington Shopping Center For Sale

    Gardenside Plaza is a neighborhood shopping center located off Alexandria Drive in Lexington, Kentucky. The property is home to a diverse mix of local and regional tenants, serving the surrounding residential neighborhoods with daily needs and services. The center features strong occupancy, steady foot traffic, and ample parking. The property is located in a densely populated area and near major thoroughfares. The property has 100% occupancy with tenants such as Dollar General, USPS, Oak St. Health, and Chase Bank. There are over 10,000 households in a 1.5 mile radius with an Average Household Income of $88,295.
    Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

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

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

    Similar Places Nearby

    Pierson-Trapp Co, Coin Cloud Bitcoin ATM, Coinstar Kiosk | Bitcoin ATM

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Fayette
    State
    Kentucky
    Longitude
    -84.55317
    Latitude
    38.039054

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    FAQs

    What type of property is this?
    Shopping center - Neighborhood shopping center with diverse tenants and strong occupancy.
    Where is this shopping center located?
    The property is located at 1701-1785 Alexandria Dr Lexington, KY.
    What is the asking price?
    The asking price for this property is $6,500,000.
    What are key features of this property?
    This property features: - Stable 100% Occupancy with National Credit Tenants including Dollar General, USPS, Oak St. Health, and Chase Bank; - Strong 8.06% cap rate with below market rents; - Strategically located neighborhood shopping center with over 10,000 households in a 1.5 mile radius (Avg. HHI: $88,295)
    (859) 420-5492
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    1701-1785 Alexandria Dr Lexington, KY 40504
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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
    1701-1785 Alexandria Dr Lexington, KY 40504
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