New Construction Retail
For Lease
$32 SF/Yr
2887 Richmond Road, Lexington, KY 40509
COMMERCIAL - Lexington, KY
Space Size1,200 SF - 8,400 SF
Lot Size1.30 Acres
Days on Market201
Property Features for 2887 Richmond Road
General Information
Property type
Commercial Lease
Property subtype
Retail
Property condition
Under Construction
Zoning
B-3
Zoning description
B-3 - HIGHWAY SERVICE BUSINESS
Subdivision
Commercial
Directions
Going east on New Circle Road, take exit 15 onto US-421, turn right onto Richmond Road, turn left onto Old Todds Road, take your first right and the property will be on your left.
Standard status
Active
APN
382931700
Size
8,400 SF
Lot size
1.30 Acres
Building Details
Year built
2026
Listing Agency:
Keller Williams Commonwealth · Keller Williams Realty
(859) 721-2121
Listed By:
Bryan Little · License #217370
(859) 619-4969
Added: Jan 26
Changed: Aug 4
Last Checked: Aug 15 at 9:06AM
MLS# 26001750
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.
New construction retail space is planned for delivery in 2026 at 2887 Richmond Road. The project offers divisible suites ranging from 1,200 to 8,400 square feet within an 8,400-square-foot property, with the building currently under construction. The site encompasses 1.3 acres and carries B-3 zoning.
Access is provided by a dedicated curb cut and two signalized intersections along Richmond Road, which records 40,088 VPD. The property is positioned in front of Lowe's and across from a new retail center anchored by First Watch, Skyline Chili, and LaRosa's Pizzeria. Valvoline World Headquarters and the University of Kentucky are also identified in the surrounding context.
Access is provided by a dedicated curb cut and two signalized intersections along Richmond Road, which records 40,088 VPD. The property is positioned in front of Lowe's and across from a new retail center anchored by First Watch, Skyline Chili, and LaRosa's Pizzeria. Valvoline World Headquarters and the University of Kentucky are also identified in the surrounding context.
Key Highlights
- 1,200 to 8,400 SF divisible retail space
- New construction scheduled for 2026; property is currently under construction
- 1.3‑acre site with an 8,400‑square‑foot property
Property Analytics
Property Profile
Current Use
Lease Details
40,088 VPD
Traffic count
Yes
Paved road access
NNN (Triple Net)
Lease Type
$4.80 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
1,429
Businesses Nearby
542k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 53%
Shops & Services 20%
Groceries 15%
Home Improvements & Furnishings 7%
Kroger
Groceries
71,205 visits/mo
0.5 miles
Texas Roadhouse
Dining
44,641 visits/mo
0.5 miles
Lowe's
Home Improvements & Furnishings
29,706 visits/mo
0.1 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
Market
Lease Benchmarks for Lexington, KY
$42.48 /SF/Yr
Avg Asking Price
$9–$556 /SF/Yr
Price Range
20,457 SF
Avg Space Size
This space is priced 25% below the average of $42.48 /SF/Yr.
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Divisible retail suites with Richmond Road access and B-3 zoning support a range of commercial configurations.
Where is this retail space located?
The property is located at 2887 Richmond Road Lexington, KY.
What is the lease rate?
The lease rate is $32 SF/Yr.
What are key features of this property?
This property features: 1,200 to 8,400 SF divisible retail space; New construction scheduled for 2026; property is currently under construction; 1.3‑acre site with an 8,400‑square‑foot property
