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Mixed-Use Property with Office Space
For Lease
$40 SF/Yr

325 W Main St Unit 208, Lexington, KY 40507

Downtown redevelopment combines retail, restaurant, office, executive suite, and event uses within a renovated commercial setting.

Space SizeContact for details
Days on Market19

Property Features for 325 W Main St Unit 208

General Information

Standard status Active

Building Details

Year Built 1985
Listing Agency: Block + Lot Real Estate
Listed By: Peter Barr · License #65116
Source: Sellkentucky
Added: Aug 11 Changed: Aug 28 Last Checked: Aug 28 at 1:12PM

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 Block + Lot Real Estate

Investment Insights

Based on property information with market context.

325 W. Main St. Unit 208 is a mixed-use redevelopment at the signalized intersection of Main and Broadway in downtown Lexington. The project includes 27,818 square feet of divisible first-floor retail and restaurant space, up to 56,246 square feet of divisible Class A professional office space, 1,885 square feet of executive offices, and 1,812 square feet of event space with a separate catering kitchen.

Renovation work began in Q4 2024, with delivery scheduled for Q1 2026. Planned improvements include a new exterior facade, balconies, windows, common areas, mechanical systems, and life-safety and security components. The property is served by a connected, city-owned parking garage with 381 spaces. The existing building was constructed in 1985.

Key Highlights

  • 27,818 SF of divisible first‑floor retail and restaurant space
  • Up to 56,246 SF of divisible Class A professional office space
  • 1,885 SF of executive suite offices

Property Analytics

Current Use

iHigh Marketing & Advertising Minner Vines Injury ... Law Firm FedEx Drop Box Postal Service Brian M. Vines Law Firm BRAINBOX Intelligent Marketing Advertising Agency

Suggested Use

Top Pick Auto Parts Store Garden Center Pharmacy Home Appliance Store Electrical Service (Bike/Boat/Book/etc) Store

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
$6.00 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

3,572
Businesses Nearby

Demographics for 40507, KY

2,043
Population
1,765
Households
1.2
Avg Household Size
44
Median Age
54%
College-Educated
93%
High-School Grad
0.4 sq mi
ZIP Area
5,108
Density / Sq Mi
$34,543
Median Household Income
$40,826
Median Earnings
$642
Median Rent
$391,000
Median Home Value

Market

Lease Benchmarks for Lexington, KY

$35.38 /SF/Yr
Avg Asking Price
$25–$45 /SF/Yr
Price Range
25,911 SF
Avg Space Size

This space is priced 13% above the average of $35.38 /SF/Yr.

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Downtown redevelopment combines retail, restaurant, office, executive suite, and event uses within a renovated commercial setting.
Where is this mixed-use property located?
The property is located at 325 W Main St Unit 208 Lexington, KY.
What is the lease rate?
The lease rate is $40 SF/Yr.
What are key features of this property?
This property features: 27,818 SF of divisible first‑floor retail and restaurant space; Up to 56,246 SF of divisible Class A professional office space; 1,885 SF of executive suite offices
More about this property
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