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Recently Built Retail Shopping Center
For Lease
$25 SF/Yr

2860 Richmond Road, Lexington, KY 40509

Commercial Lease, Lexington, KY

Space SizeContact for details
Lot Size5.00 Acres
Days on Market303

Property Features for 2860 Richmond Road

General Information

Property type Commercial Lease
Property subtype Other
Zoning B-3
Subdivision Commercial
Directions Richmond Road to Patchen Drive.
Standard status Active
APN 113005500
Size 36,000 SF
Lot size 5.00 Acres

Building Details

Year built 2020
Listing Agency: Keller Williams Commonwealth · Keller Williams Realty
Listed By: Bryan Little · License #217370
Added: Dec 17, 2025 Changed: Oct 2 Last Checked: Oct 16 at 8:06PM
MLS# 25508084

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.

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Investment Insights

Based on property information with market context.

Built in 2020, this 36,000-square-foot retail center occupies a 5-acre site and carries B-3 zoning. The property is offered for lease and includes established retail and service tenants such as KPot Korean BBQ, Cyclebar, Club Pilates, My Salon Suites, Stretch Lab, and Sugaring.

The center is positioned on Richmond Road in southeast Lexington, between Patchen Drive and Mt Tabor Road. It sits behind Andy's, First Watch, and Skyline Chili, placing the property within a retail setting anchored by multiple food, fitness, and personal-service businesses.

Key Highlights

  • 36,000 square feet of retail center space
  • 5‑acre site in southeast Lexington
  • Built in 2020

Property Analytics

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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 Electrical Service HVAC Service Home Appliance Store Plumbing Service Parking Lot & Garage (Bike/Boat/Book/etc) 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

Multi-tenant
Tenancy
Yes
Paved road access
NNN (Triple Net)
Lease Type
$3.75 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

955
Businesses Nearby
470k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Dining 59% Shops & Services 24% Home Improvements & Furnishings 8% Groceries 3%
Texas Roadhouse Dining
44,641 visits/mo 0.5 miles
Lowe's Home Improvements & Furnishings
29,706 visits/mo 0.4 miles
Gabe's Shops & Services
28,049 visits/mo 0.4 miles
Speedway Shops & Services
26,290 visits/mo 0.1 miles
Wendy's Dining
24,492 visits/mo 0.2 miles

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Lexington, KY

$22.02 /SF/Yr
Avg Asking Price
$9–$30 /SF/Yr
Price Range
83,174 SF
Avg Space Size

This space is priced 14% above the average of $22.02 /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

Similar Off Market Nearby

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

Frequently Asked Questions

What type of property is this?
Shopping center - Retail space is available within a 2020 center on Richmond Road in southeast Lexington.
Where is this shopping center located?
The property is located at 2860 Richmond Road Lexington, KY.
What is the lease rate?
The lease rate is $25 SF/Yr.
What are key features of this property?
This property features: 36,000 square feet of retail center space; 5‑acre site in southeast Lexington; Built in 2020
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