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Mixed-Use Office-Retail Suite
For Lease
$17 SF/Yr

125 Codell Dr, Lexington, KY 40509

The B-3-zoned space offers private offices, open work areas, and storage.

Space Size1,215 SF
Days on Market24

Property Features for 125 Codell Dr

General Information

Standard status Active
Size 1,215 SF
Net Rentable 1,215 SF
Property subtype Retail
Zoning B-3
Lease Type NNN

Space & Availability

Available Space 1,215 SF
Contiguous Space 1,215 SF

Amenities

Water
Sewer

Spaces For Lease

at 125 Codell Dr
Available Space $17/Mo
Contact us
Listing Agency: Keller Williams Commonwealth
Listed By: Bryan Little · License #217370
Source: Kcrea.resimplifi
Added: Sep 22 Changed: Oct 13 Last Checked: Oct 14 at 7:39PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Commonwealth

Investment Insights

Based on property information with market context.

This 1,215-square-foot space is configured with multiple offices, open work areas, and storage. Its office and retail classification supports a mixed-use description.

The space is located in Richmond Woods Shopping Center at 125 Codell Dr in Lexington, Kentucky, and is zoned B-3.

Key Highlights

  • 1,215 square feet of office‑retail space
  • Multiple offices, open work areas, and storage
  • Located in Richmond Woods Shopping Center

Property Analytics

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Current Use

Michikusa Japanese Restaurant Restaurant Josephine's Post Mastectomy Orthotics & Prosthetics Service Reeca L. Prater, ... Alternative Medicine Practice African Food Market ... Grocery & Convenience Store Ziyan Salon & Holistic ... Hair Salon

Suggested Use

Top Pick Law Firm HVAC Service Electrical Service (Bike/Boat/Book/etc) Store Plumbing Service Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Lexington, KY

$30.03 /SF/Yr
Avg Asking Price
$7.25–$45 /SF/Yr
Price Range
33,938 SF
Avg Space Size

This space is priced 43% below the average of $30.03 /SF/Yr.

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - The B-3-zoned space offers private offices, open work areas, and storage.
Where is this mixed-use property located?
The property is located at 125 Codell Dr 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 square feet of office‑retail space; Multiple offices, open work areas, and storage; Located in Richmond Woods Shopping Center
More about this property
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