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Mixed-Use Property with Office Suites
For Lease
$20 SF/Yr

2051 Richmond Road, Lexington, KY 40502

Available executive suites offer flexible office space with utilities included in the lease.

Space Size134 SF - 235 SF
Days on Market2180

Property Features for 2051 Richmond Road

General Information

Standard status Active
Size 134 SF - 235 SF
Net Rentable 134 SF
Property subtype Retail
Zoning B-1
Lease Type Full Service

Space & Availability

Available Space 134-235 SF
Space Use Office
Sublease No

Additional Details

Utilities to Site Yes

Amenities

Water
Sewer

Building Details

Tenancy Multi

Spaces For Lease

at 2051 Richmond Road Contact us

Available Space $20/Mo

Contact us
Listing Agency: White Oak Commercial Real Estate, LLC
Listed By: Gordy Hoagland · License #217910
Source: Kcrea.resimplifi
Added: Sep 11, 2020 Changed: Aug 29 Last Checked: Aug 29 at 3:33PM

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 White Oak Commercial Real Estate, LLC

Investment Insights

Based on property information with market context.

This 28,047 SF mixed-use property combines executive office space with retail occupancy. The office component totals 10,937 SF, with 4 suites currently available from 134 SF to 235 SF. Utilities are included in the lease, and the property carries B-1 zoning.

Retail occupants include Penn Station, Family Dollar, Windstream, Durango's, Allstate, and O'Neill's. The property is located at 2051 Richmond Road in Lexington, less than one mile from the Richmond Road/New Circle intersection, providing access to a shopping center setting with both office and retail activity.

Key Highlights

  • 10,937 SF of executive office suites within a 28,047 SF mixed‑use property
  • 4 available suites ranging from 134 SF to 235 SF
  • Utilities included in the lease

Property Analytics

Current Use

Khazai Rug Cleaning Carpet Cleaning Service bar Bar & Pub O’Neill’s Restaurant Kathy Nails Nail Salon Scott West the Barber Barber Shop

Suggested Use

Top Pick Plumbing Service Parking Lot & Garage (Bike/Boat/Book/etc) Store Daycare Center Grocery & Convenience Store Tattoo & Piercing Shop

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

Multi-tenant
Tenancy
Yes
Utilities to site
NNN (Triple Net)
Lease Type
$3.00 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

667
Businesses Nearby

Demographics for 40502, KY

26,080
Population
14,232
Households
1.8
Avg Household Size
40
Median Age
67%
College-Educated
96%
High-School Grad
7.1 sq mi
ZIP Area
3,673
Density / Sq Mi
$73,939
Median Household Income
$46,197
Median Earnings
$1,068
Median Rent
$483,600
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 43% below 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 - Available executive suites offer flexible office space with utilities included in the lease.
Where is this mixed-use property located?
The property is located at 2051 Richmond Road Lexington, KY.
What is the lease rate?
The lease rate is $20 SF/Yr.
What are key features of this property?
This property features: 10,937 SF of executive office suites within a 28,047 SF mixed‑use property; 4 available suites ranging from 134 SF to 235 SF; Utilities included in the lease
More about this property
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