Building Details

Tenancy Multi

Listing Agency: Commercial Kentucky, Inc. c***@commercialkentucky.com Show Phone

Listed By: Craig Collins · License #KY 271161 Show Phone

Source: Kcrea.resimplifi

Added: Jun 17 Changed: Aug 29 Last Checked: Aug 29 at 7:18AM

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Investment Insights

Based on property information with market context.

Schneider-O’Hare Center is a shopping center at 158–188 E New Circle Rd in Lexington, Kentucky. The property is 100% leased and includes a diversified group of neighborhood-oriented retail tenants. Its B-3 zoning supports its commercial retail positioning within an established trade area of Northeast Lexington.

The center sits along the New Circle Road retail corridor and provides multiple points of ingress and egress. Its surrounding residential communities contribute to the property’s neighborhood-serving orientation, while the Lexington location places the asset within an established retail environment. The combination of full occupancy, accessible site circulation, and varied tenancy defines the center’s current operating profile.

Key Highlights

• 100% leased shopping center
• 47,195 SF property size
• B‑3 zoning

Property Analytics

Property Profile

Current Use

Supermercado Las Norteñas Grocery & Convenience Store

Suggested Use

Top Pick Real Estate Agency Dental Office Building Supply Law Firm Big Box & Wholesale Store Storage Facility

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

100%

Occupancy

Multi-tenant

Tenancy

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

823

Businesses Nearby

204k

Monthly Visits Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 65% Shops & Services 25% Groceries 4% Apparel 3%

Chick-fil-A Dining

38,957 visits/mo 0.4 miles

Dutch Bros. Coffee Dining

17,001 visits/mo 0.4 miles

Golden Corral Dining

16,883 visits/mo 0.3 miles

Marathon Shops & Services

15,390 visits/mo 0.5 miles

Popeyes Louisiana Kitchen Dining

13,882 visits/mo 0.1 miles

Demographics for 40505, KY

26,278

Population

12,026

Households

2.2

Avg Household Size

39

Median Age

23%

College-Educated

86%

High-School Grad

8.0 sq mi

ZIP Area

3,285

Density / Sq Mi

$58,922

Median Household Income

$33,517

Median Earnings

$914

Median Rent

$166,300

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

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Shopping center - B-3-zoned retail property with multiple entry points along Lexington’s established New Circle Road corridor.

Where is this shopping center located?

The property is located at 158 - 188 E New Circle Rd Lexington, KY.

What is the asking price?

The asking price for this property is $4,500,000.

What are key features of this property?

This property features: 100% leased shopping center; 47,195 SF property size; B‑3 zoning