Freestanding Retail
For Lease
$120,000
1498 Boardwalk, Lexington, KY 40511
COMMERCIAL - Lexington, KY
Space SizeContact for details
Lot Size0.66 Acres
Days on Market93
Property Features for 1498 Boardwalk
General Information
Property type
Commercial Lease
Property subtype
Office
Zoning description
B-6P- Planned Shopping Center
Subdivision
Commercial
Directions
Continue onto KY-4 N/W New Cir Rd, turn right onto Boardwalk, turn left and destination will be on the left.
Standard status
Active
APN
16696756
Size
2,588 SF
Lot size
0.66 Acres
Building Details
Year built
1987
Listing Agency:
Keller Williams Commonwealth · Keller Williams Realty
(859) 721-2121
Listed By:
Bryan Little · License #217370
(859) 619-4969
Added: May 13
Changed: Aug 4
Last Checked: Aug 13 at 11:06PM
MLS# 26010764
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 freestanding retail property comprises 2,588 square feet on a 0.66-acre site and is available through a ground lease. Built in 1987, the building provides a dedicated retail setting with on-site parking and straightforward vehicle circulation.
The property is located at 1498 Boardwalk in Lexington, Kentucky, near New Circle Road. Access to I-64 and I-75 supports connectivity across the area, with downtown Lexington and surrounding commercial districts also within the broader access network. Nearby development includes residential neighborhoods, retail, office, and medical uses.
The property is located at 1498 Boardwalk in Lexington, Kentucky, near New Circle Road. Access to I-64 and I-75 supports connectivity across the area, with downtown Lexington and surrounding commercial districts also within the broader access network. Nearby development includes residential neighborhoods, retail, office, and medical uses.
Key Highlights
- 2,588‑square‑foot freestanding retail building
- 0.66‑acre site available for ground lease
- Built in 1987
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
459
Businesses Nearby
327k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 44%
Superstores 27%
Shops & Services 14%
Apparel 7%
Walmart
Superstores
89,388 visits/mo
0.3 miles
Chick-fil-A
Dining
38,957 visits/mo
0.5 miles
McDonald's
Dining
25,712 visits/mo
0.4 miles
Ross Dress for Less
Apparel
19,081 visits/mo
0.2 miles
Wendy's
Dining
16,789 visits/mo
0.1 miles
Demographics for 40511, KY
36,146
Population
14,963
Households
2.4
Avg Household Size
35
Median Age
38%
College-Educated
89%
High-School Grad
86.0 sq mi
ZIP Area
420
Density / Sq Mi
$77,476
Median Household Income
$43,416
Median Earnings
$1,159
Median Rent
$233,400
Median Home Value
Market
Lease Benchmarks for Lexington, KY
$60.57 /SF/Yr
Avg Asking Price
$12–$556 /SF/Yr
Price Range
5,349 SF
Avg Space Size
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Ground-lease opportunity with on-site parking and convenient regional access.
Where is this storefront property located?
The property is located at 1498 Boardwalk Lexington, KY.
What is the lease rate?
The lease rate is $120,000.
What are key features of this property?
This property features: 2,588‑square‑foot freestanding retail building; 0.66‑acre site available for ground lease; Built in 1987
