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Retail Space with Basement
New
For Lease
$2,450/Mo

215 N Limestone, Lexington, KY 40507

Commercial Lease, Lexington, KY

Space SizeContact for details
Lot Size0.17 Acres
Days on Market2

Property Features for 215 N Limestone

General Information

Property type Commercial Lease
Property subtype Retail
Zoning B-2
Zoning description B-2A
Rooms Basement
Parking 2
Parking features On Street
Basement Unfinished
Directions 200 block of North Limestone, about halfway up the block.
Subdivision 002 - Fayette County NE
Standard status Active
APN 10797800
Size 1,500 SF
Lot size 0.17 Acres

Utilities

Utilities Cable Available
Sewer type Public Sewer
Heating system Heat Pump (Heating)
Cooling system Central Air

Building Details

Year built 1890
Floors in Building 1
Listing Agency: Lifstyl Real Estate
Listed By: Tarp Ledford
Added: Oct 1 Last Checked: Oct 2 at 10:06AM
MLS# 26027211

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.

This 1,500-square-foot retail space at 215 N Limestone includes a basement and dates to 1890. The property has heat-pump heating, central air, cable availability, public sewer, and on-street parking. The parcel measures 0.165 acres, and zoning is B-2.

Across from Sayre School, the property sits among businesses, restaurants, residences, and downtown amenities in Lexington, Kentucky.

Key Highlights

  • 1,500 square feet of retail space with a basement
  • 0.165‑acre parcel with B‑2 zoning
  • Built in 1890

Property Analytics

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Current Use

Institute 193 Theater & Performing Art Venue

Suggested Use

Top Pick Locksmith (Bike/Boat/Book/etc) Store Garden Center Veterinary Clinic Mobile Phone Store Pet Store

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

3,595
Businesses Nearby
11k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 94% Dining 6%
Chase Bank Shops & Services
6,799 visits/mo 0.3 miles
Marathon Petroleum Shops & Services
2,407 visits/mo 0.2 miles
City National Bank Shops & Services
1,326 visits/mo 0.4 miles
China Star Dining
725 visits/mo 0.2 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

$32.95 /SF/Yr
Avg Asking Price
$8–$556 /SF/Yr
Price Range
40,747 SF
Avg Space Size

This space is priced 41% below the average of $32.95 /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
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - B-2 zoning, central air, and a basement serve a commercial space in Lexington’s downtown corridor.
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 with a basement; 0.165‑acre parcel with B‑2 zoning; Built in 1890
More about this property
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