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Community Shopping Center For Sale
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1505-1557 E New Circle Road, Lexington, KY 40509

Community shopping center with high traffic and multiple access points.

Property Size379,204 SF
Days on Market283

Property Features for 1505-1557 E New Circle Road

General Information

Standard status Active
Size 379,204 SF
Property subtype Retail
Lease Term NNN; MG

Building Details

Building Size 379,204 SF

Properties For Sale

at 1505-1557 E New Circle Road Contact us

1555 E New Circle Rd, Suite 118

Size
12,163 SF
Type
Community Center
Term
Negotiable
Contact us

1555 E New Circle Rd, Suite 138

Size
910 SF
Type
Community Center
Term
Negotiable
Contact us

2305 Woodhill Dr

Size
2,100 SF
Term
Negotiable
Contact us

2319 Woodhill Dr

Size
8,200 SF
Term
Negotiable
Contact us

373 Codell Dr

Size
1,600 SF
Term
Negotiable
Contact us

383 Codell Dr

Size
1,600 SF
Term
Negotiable
Contact us
Listing Agency: NAI Isaac
Listed By: Chad Voelkert · License #KY #205597
Source: Naiglobal
Added: Nov 21, 2025 Changed: Aug 18 Last Checked: Aug 31 at 1:55PM

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 NAI Isaac

Investment Insights

Based on property information with market context.

This community shopping center, encompassing approximately 379,204 square feet, is situated on New Circle Road, a major thoroughfare with a daily traffic count of approximately 42,767 vehicles. Anchored by Office Depot, HomeGoods, Tile Shop, and Dollar Tree, the center offers excellent visibility and multiple access points from New Circle Road, Palumbo Drive, Woodhill Drive, and Codell Drive. Located on East New Circle between Woodhill Drive and Palumbo Drive, the property is less than half a mile from Richmond Road, providing convenient access to downtown and I-75/64. It benefits from terrific signage exposure on a major corridor.

Key Highlights

  • High traffic location on New Circle Road with +/-42,767 VPD.
  • Anchored by Office Depot, HomeGoods, Tile Shop and Dollar Tree.
  • Excellent visibility and multiple access points from major roads.

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Parking Lot & Garage Electrical Service Bakery

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

Location Intelligence

Trade Area within ½ mile

600
Businesses Nearby
230k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 41% Shops & Services 28% Home Improvements & Furnishings 27% Office Supplies 4%
Chick-fil-A Dining
39,751 visits/mo 0.5 miles
The Home Depot Home Improvements & Furnishings
33,747 visits/mo 0.4 miles
McDonald's Dining
32,397 visits/mo 0.5 miles
HomeGoods Home Improvements & Furnishings
25,627 visits/mo 0.1 miles
Thorntons Shops & Services
23,025 visits/mo 0.2 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

Market

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?
Shopping mall - Community shopping center with high traffic and multiple access points.
Where is this shopping mall located?
The property is located at 1505-1557 E New Circle Road Lexington, KY.
What are key features of this property?
This property features: High traffic location on New Circle Road with +/-42,767 VPD.; Anchored by Office Depot, HomeGoods, Tile Shop and Dollar Tree.; Excellent visibility and multiple access points from major roads.
More about this property
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