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1080 South Broadway Lexington, KY 40503

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For Sale
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Retail spaces for lease near the University of Kentucky campus.

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Listing Contact
Paul Ray Smith, Jr
Source: Naiglobal

Listing Agent: Paul Ray Smith, Jr

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

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Overview

Retail Center Near University of Kentucky

The Simpson Center is a retail center with approximately 22,171 square feet of space. It is located near the University of Kentucky, student housing complexes, Saint Joseph Hospital, Lexington Clinic, and downtown Lexington. The center is situated on South Broadway Avenue, which sees approximately 37,680 vehicles per day (in 2023). The property is located 1.5 miles from downtown Lexington and 0.5 miles from the University of Kentucky and The Red Mile. The University of Kentucky has over 30,720 students and over 12,500 employees. Over 71,655 employees work within one mile of the property. The Red Mile, which recently underwent a $42 million renovation to add a Racino, is in partnership with Keeneland and simulcasts races 364 days a year. Approximately 10,500 employees work in Lexington’s Central Business District. Additionally, four major medical centers attracting over 6,500 patient visits per day and with over 8,350 employees are within a 1.5 mile distance. The center is also very convenient to all of the new office campus student housing projects. The property is zoned B-1, Neighborhood Business. Current tenants include First Watch, Buffalo Wild Wings, and Penn Station Subs. Suite 204, offering approximately 1,720 square feet, is available for sublease with an additional term available direct from the Landlord. The rental rate is $24.50 per square foot NNN, with NNN estimated at $5.30 per square foot. The area has a strong demographic profile, with a population of over 108,000 within a 3-mile radius.
Location Intelligence

Current Use by Public Records

Tech Space (Formerly ... Computer Repair Service First Watch Breakfast Restaurant Penn Station East ... Sandwich Shop LibertyX Bitcoin Cashier Atm TSAOCHA Bubble Tea Store

Suggested Use

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

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

Similar Places Nearby

Waller Center, Imperial Plaza

Location Insight

  • Map
  • Local Demand
City
Lexington
County
Fayette
State
Kentucky
Longitude
-84.517293
Latitude
38.036707

FAQs

What type of property is this?
Shopping center - Retail spaces for lease near the University of Kentucky campus.
Where is this shopping center located?
The property is located at 1080 South Broadway Lexington, KY.
What is the asking price?
The asking price for this property is $24.
What are key features of this property?
This property features: - High traffic location on South Broadway Avenue with +/-37,680 vehicles per day.; - Located near the University of Kentucky, student housing, Saint Joseph Hospital, and Lexington Clinic.; - Strong business base due to proximity to a large working and student population.
More about this property
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