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Downtown Retail Space
For Lease
$2,450/Mo

215 N Limestone, Lexington, KY 40507

A 1,500-square-foot storefront sits across from Sayre School in a corridor with businesses, restaurants, and residences.

Space SizeContact for details
Property Size1,500 SF
Days on Market28

Property Features for 215 N Limestone

General Information

Standard status Active
Size 1,500 SF
Property subtype Retail

Site & Location

Neighborhood Historic South Hill Neighborhood

Building Details

Building Size 1,500 SF
Year Built 1890
Listing Agency: Lifstyl Real Estate
Listed By: Tarp Ledford
Source: Horseandhomeestates
Added: Oct 1 Changed: Oct 26 Last Checked: Oct 26 at 2:55PM

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 Lifstyl Real Estate

Rey
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Investment Insights

Based on property information with market context.

This 1,500-square-foot retail space occupies a building constructed in 1890 at 215 N Limestone in Lexington. Its existing commercial setting offers room for a tenant to shape the space around a specific business concept.

Sayre School is directly across the street. Established businesses, restaurants, residences, and downtown amenities are also nearby, placing the property within an active mixed-use area.

Key Highlights

  • 1,500 square feet of retail space
  • Built in 1890
  • Directly across from Sayre School

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Institute 193 Theater & Performing Art Venue

Suggested Use

Top Pick Garden Center (Bike/Boat/Book/etc) Store Butcher Home Appliance Store Nursing Home Pet Grooming Service

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

NNN (Triple Net)
Lease Type
$2.94 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

3,936
Businesses Nearby
105k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 92% Shops & Services 8%
Raising Cane's Chicken Fingers Dining
34,546 visits/mo 0.3 miles
McDonald's Dining
34,086 visits/mo 0.2 miles
Tropical Smoothie Cafe Dining
7,333 visits/mo 0.4 miles
Chase Bank Shops & Services
6,799 visits/mo 0.3 miles
Qdoba Mexican Grill Dining
6,091 visits/mo 0.4 miles

Demographics for 40507, KY

2,043
Population
1,765
Households
1.2
Avg Household Size
44
Median Age
54%
College-Educated
93%
High-School Grad
0.4 sq mi
ZIP Area
5,108
Density / Sq Mi
$34,543
Median Household Income
$40,826
Median Earnings
$642
Median Rent
$391,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Lexington, KY

$32.68 /SF/Yr
Avg Asking Price
$8–$556 /SF/Yr
Price Range
35,761 SF
Avg Space Size

This space is priced 40% below the average of $32.68 /SF/Yr.

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025

Frequently Asked Questions

What type of property is this?
Retail space - A 1,500-square-foot storefront sits across from Sayre School in a corridor with businesses, restaurants, and residences.
Where is this retail space located?
The property is located at 215 N Limestone Lexington, KY.
What is the lease rate?
The lease rate is $2,450/Mo.
What are key features of this property?
This property features: 1,500 square feet of retail space; Built in 1890; Directly across from Sayre School
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