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Retail Center in Southeast Lexington
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2860 Richmond Rd, Lexington, KY 40509

Recently constructed retail center with drive-thru in Lexington, Kentucky.

Days on Market695

Property Features for 2860 Richmond Rd

General Information

Standard status Active
Property subtype Retail, Office, Restaurant

Building Details

Year Built 2020
Listing Agency: KW Commonwealth
Listed By: Bryan Little · License #217370
Source: Crexi
Added: Sep 6, 2024 Changed: Jul 6 Last Checked: Jul 31 at 3:45PM

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 KW Commonwealth

Investment Insights

Based on property information with market context.

This recently constructed retail center is located in southeast Lexington on Richmond Road, situated between the intersections of Patchen Drive and Mt Tabor Road. It is positioned behind the recently constructed Andy's/First Watch and Skyline Chili. Current tenants include KPot Korean BBQ, Cyclebar, Club Pilates, My Salon Suites, Stretch Lab, and Sugaring. A drive-thru is available at the property. The property is suitable for shopping centers, retail properties and spaces, office properties and spaces, restaurants, other office properties, other restaurants, and general commercial real estate.

Key Highlights

  • Recently constructed retail center built in 2020.
  • Located on Richmond Road, a high‑traffic area in southeast Lexington.
  • Strong tenant mix including KPot Korean BBQ, Cyclebar, Club Pilates, My Salon Suites, Stretch Lab and Sugaring.

Property Analytics

Current Use

CoolBlue Lex Spa & Massage Center Hometown Pharmacy Pharmacy Cyclebar Patchen Square Cycling Facility Amazon Hub Counter ... Courier Service The Float Loft (Lexington) Spa & Massage Center

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Auto Repair Shop Auto Parts Store HVAC Service Electrical 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
$3.75 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

955
Businesses Nearby
Well-served
Demand for This Use

Demographics for 40509, KY

44,572
Population
19,802
Households
2.3
Avg Household Size
36
Median Age
57%
College-Educated
95%
High-School Grad
47.8 sq mi
ZIP Area
932
Density / Sq Mi
$89,429
Median Household Income
$52,489
Median Earnings
$1,317
Median Rent
$338,200
Median Home Value

Market

Lease Benchmarks for Lexington, KY

$24.57 /SF/Yr
Avg Asking Price
$18–$38 /SF/Yr
Price Range
14,949 SF
Avg Space Size

This space is priced 2% above the average of $24.57 /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
Questions? Ask Rey
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Similar Off Market Nearby

  • Lakeview Plaza — 2909 Richmond Rd, Lexington, KY 40509
  • Mist Lake Shopping Center — 3140 Richmond Rd, Lexington, KY 40509
  • Patchen Square — 2860 Richmond Rd, Lexington, KY 40517
  • Coin Cloud Bitcoin ATM — 3110 Richmond Rd, Lexington, KY 40502
  • Coinstar Kiosk | Bitcoin ATM — Kroger - Louisville, 3101 Richmond Rd, Lexington, KY 40509

Frequently Asked Questions

What type of property is this?
Shopping center - Recently constructed retail center with drive-thru in Lexington, Kentucky.
Where is this shopping center located?
The property is located at 2860 Richmond Rd Lexington, KY.
What is the lease rate?
The lease rate is $25 SF/Yr.
What are key features of this property?
This property features: Recently constructed retail center built in 2020.; Located on Richmond Road, a high‑traffic area in southeast Lexington.; Strong tenant mix including KPot Korean BBQ, Cyclebar, Club Pilates, My Salon Suites, Stretch Lab and Sugaring.
(859) 619-4969 Call to check price and availability
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