Freestanding Retail
For Lease
$120,000
1498 Boardwalk, Lexington, KY 40511
Commercial Lease, Lexington, KY
Space SizeContact for details
Lot Size0.66 Acres
Days on Market148
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: Oct 2
Last Checked: Oct 7 at 11:06AM
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.
Freestanding retail building available for ground lease on a 0.66-acre site. The 2,588-square-foot property was built in 1987 and provides an existing retail building with on-site parking and access designed for straightforward vehicle entry and exit.
The property is located near New Circle Road in Lexington, with access to I-64 and I-75, downtown Lexington, and surrounding commercial areas. Nearby surroundings include established residential neighborhoods along with retail, office, and medical users.
The property is located near New Circle Road in Lexington, with access to I-64 and I-75, downtown Lexington, and surrounding commercial areas. Nearby surroundings include established residential neighborhoods along with retail, office, and medical users.
Key Highlights
- 2,588‑square‑foot freestanding retail building
- Available for ground lease
- 0.66‑acre site
Property Analytics
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Lexington, KY
$50.49 /SF/Yr
Avg Asking Price
$12–$556 /SF/Yr
Price Range
5,700 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 parking and convenient access to major Lexington routes.
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; Available for ground lease; 0.66‑acre site
