Prime Retail/Restaurant Outlot
For Sale
$100,000
2887 Richmond Road, Lexington, KY 40509
LAND - Lexington, KY
Lot Size1.30 Acres
Days on Market196
Property Features for 2887 Richmond Road
General Information
Property type
Land
Property subtype
Other
Zoning description
B-3 - HIGHWAY SERVICE BUSINESS
Subdivision
Commercial
Lot features
Level
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
38293170
Lot size
1.30 Acres
Listing Agency:
Keller Williams Commonwealth · Keller Williams Realty
(859) 721-2121
Listed By:
Bryan Little · License #217370
(859) 619-4969
Added: Jan 16
Changed: Apr 28
Last Checked: Jul 31 at 1:06AM
MLS# 26001205
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.
This approximately 1.3-acre outlot is available for ground lease or build-to-suit, presenting a prime opportunity for retail or restaurant users. The site benefits from excellent frontage and visibility along Richmond Road, which sees 40,088 vehicles per day. It features a dedicated curb cut, access via two signalized intersections, and an exclusive pylon signage opportunity. The property is located in front of Lowe's and directly across from a newly developed retail center anchored by First Watch, Skyline Chili, and LaRosa's Pizzeria. The location benefits from a dense residential base and a strong daytime population, supported by major employers such as Valvoline World Headquarters. Situated approximately four miles from the University of Kentucky, the area features a strong tenant mix, including Kroger, Home Depot, Burlington, Chili's, Panera Bread, Krispy Kreme, Starbucks, and Walgreens. The property is located in Lexington, KY.
Key Highlights
- Prime location with excellent frontage and visibility on Richmond Road (40,088 VPD).
- Located in front of Lowe's and across from a newly developed retail center anchored by First Watch, Skyline Chili, and LaRosa's Pizzeria.
- Access via two signalized intersections and a dedicated curb cut.
Property Analytics
Property Profile
Current Use
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
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?
Commercial land - 1.3-acre outlot ideal for retail or restaurant with high visibility.
Where is this commercial land located?
The property is located at 2887 Richmond Road Lexington, KY.
What is the asking price?
The asking price for this property is $100,000.
What are key features of this property?
This property features: Prime location with excellent frontage and visibility on Richmond Road (40,088 VPD).; Located in front of Lowe's and across from a newly developed retail center anchored by First Watch, Skyline Chili, and LaRosa's Pizzeria.; Access via two signalized intersections and a dedicated curb cut.
