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Proposed Retail Shopping Center
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2425 Mulundy Way, Lexington, KY 40514

Two planned buildings offer flexible retail layouts within the Oakdale Development.

Space Size7,305 SF - 10,182 SF
Property Size17,487 SF
Days on Market196

Property Features for 2425 Mulundy Way

General Information

Standard status Active
Size 7,305 SF - 10,182 SF
Net Rentable 7,305 SF
Property subtype Strip Center
Lease Type NNN

Space & Availability

Available Space 7,305-10,182 SF
Space Use Retail

Lease Terms

Lease Rate $30 /USD/SF/YR
Rent per SF/Year $25-$30

Additional Details

Highway Access Yes

Building Details

Building Size 17,487 SF

Spaces For Lease

at 2425 Mulundy Way Contact us

Building 1

Size
10,182 SF
Lease Type
NNN
Contact us

Building 2

Size
7,305 SF
Lease Type
NNN
Contact us
Listing Agency: NAI Isaac
Listed By: Zach Smith
Source: Thebrokerlist
Added: Feb 18 Changed: Aug 30 Last Checked: Aug 30 at 3:08AM

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.

Oakdale Development includes two proposed retail buildings with adaptable floor plans for commercial users. Building One is planned at approximately 10,182 SF, while Building Two is planned at approximately 7,305 SF. The project is positioned just off Citation Boulevard in northside Lexington, between Georgetown and Leestown Roads.

The site provides access to New Circle Road and I-75/64, with connections to major transportation routes. It is near the Publix-anchored Citation Pointe development, scheduled to open Q1 2025, and is surrounded by residential areas representing approximately 114,000 people within 5 miles.

Key Highlights

  • Two proposed retail buildings within the Oakdale Development
  • Building One: +/-10,182 SF
  • Building Two: +/-7,305 SF

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Dental Office Real Estate Agency Law Firm Hair Salon Restaurant Auto Repair 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

Yes
Highway access
NNN (Triple Net)
Lease Type
$4.13 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

107
Businesses Nearby
Under-served
Demand for This Use

Demographics for 40514, KY

16,427
Population
6,566
Households
2.5
Avg Household Size
38
Median Age
54%
College-Educated
97%
High-School Grad
3.0 sq mi
ZIP Area
5,476
Density / Sq Mi
$96,337
Median Household Income
$51,275
Median Earnings
$1,549
Median Rent
$289,900
Median Home Value

Market

Lease Benchmarks for Lexington, KY

$21.33 /SF/Yr
Avg Asking Price
$9–$38 /SF/Yr
Price Range
75,143 SF
Avg Space Size

This space is priced 29% above the average of $21.33 /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
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Shopping center - Two planned buildings offer flexible retail layouts within the Oakdale Development.
Where is this shopping center located?
The property is located at 2425 Mulundy Way Lexington, KY.
What are key features of this property?
This property features: Two proposed retail buildings within the Oakdale Development; Building One: +/-10,182 SF; Building Two: +/-7,305 SF
More about this property
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