New Construction Retail
For Lease
$32 SF/Yr
2887 Richmond Road B, Lexington, KY 40509
Divisible retail space with dedicated curb access and connections through two signalized intersections.
Space Size1,200 SF - 8,400 SF
Days on Market62
Property Features for 2887 Richmond Road B
General Information
Standard status
Active
Size
1,200 SF - 8,400 SF
Net Rentable
1,200 SF
Space & Availability
Available Space
1,200-8,400 SF
Contiguous Space
8,400 SF
Divisible
Yes
Space Use
Retail
Site & Location
Anchor Co-Tenants
Lowe's, First Watch, Skyline Chili, LaRosa's Pizzeria
Traffic Count
40,088 vehicles/day
Road Access
Yes
Additional Details
TI Allowance
$25 /SF
Amenities
dedicated curb cut
two signalized intersections
Building Details
Year Built
2026
Listing Agency:
Keller Williams Commonwealth
Listed By:
Bryan Little · License #217370
(859) 619-4969
Source:
Meliarealty
Added: Aug 17
Changed: Oct 10
Last Checked: Oct 7 at 2:53PM
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 Keller Williams Commonwealth
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Investment Insights
Based on property information with market context.
Planned for completion in 2026, this new retail property offers divisible space ranging from 1,200 to 8,400 SF. The building is designed for flexible occupancy within a total 8,400-SF footprint and includes a dedicated curb cut for convenient site access.
The property fronts Richmond Road, which records 40,088 VPD, and can be reached from two signalized intersections. It is positioned in front of Lowe's and across from a retail center anchored by First Watch, Skyline Chili, and LaRosa's Pizzeria. Valvoline World Headquarters and the University of Kentucky are also identified within the surrounding area.
The property fronts Richmond Road, which records 40,088 VPD, and can be reached from two signalized intersections. It is positioned in front of Lowe's and across from a retail center anchored by First Watch, Skyline Chili, and LaRosa's Pizzeria. Valvoline World Headquarters and the University of Kentucky are also identified within the surrounding area.
Key Highlights
- New construction scheduled for 2026
- Divisible retail space from 1,200 to 8,400 SF
- 8,400‑SF total property size
Property Analytics
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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
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Market
Lease Benchmarks for Lexington, KY
$32.72 /SF/Yr
Avg Asking Price
$8–$556 /SF/Yr
Price Range
37,955 SF
Avg Space Size
This space is priced 2% below the average of $32.72 /SF/Yr.
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Divisible retail space with dedicated curb access and connections through two signalized intersections.
Where is this retail space located?
The property is located at 2887 Richmond Road B Lexington, KY.
What is the lease rate?
The lease rate is $32 SF/Yr.
What are key features of this property?
This property features: New construction scheduled for 2026; Divisible retail space from 1,200 to 8,400 SF; 8,400‑SF total property size
