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Shopping Center Space Near Fayette Mall
For Lease
$18 SF/Yr

3101 Clays Mill Rd, Lexington, KY 40503

Remaining retail space within a multi-tenant center at Reynolds Road and Clays Mill Road.

Space SizeContact for details
Days on Market815

Property Features for 3101 Clays Mill Rd

General Information

Standard status Active
Property subtype Retail
Zoning B-1
Lease Type NNN

Additional Details

Anchor Co-Tenants North Lime Donuts, Crank and Boom, Bluegrass Baking Company, Big Kahuna, Goodwill, Park Federal Credit Union

Building Details

Year Built 1981
Tenancy Multi

Spaces For Lease

at 3101 Clays Mill Rd Contact us

Available Space $18/Mo

Contact us
Listing Agency: Keller Williams Commonwealth
Listed By: Bryan Little · License #217370
Source: Kcrea.resimplifi
Added: Jun 6, 2024 Changed: Aug 28 Last Checked: Aug 28 at 2:05PM

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

Investment Insights

Based on property information with market context.

The property is a 56,646-square-foot shopping center built in 1981 and zoned B-1. One retail space remains available within the center, offering a position in an established multi-tenant commercial property.

The center occupies the intersection of Reynolds Road and Clays Mill Road in Lexington, near Fayette Mall. Existing neighboring businesses include North Lime Donuts, Crank and Boom, Bluegrass Baking Company, Big Kahuna, Goodwill, and Park Federal Credit Union, along with other tenants.

Key Highlights

  • 56,646‑square‑foot shopping center
  • B‑1 zoning
  • One remaining retail space available

Property Analytics

Current Use

Stonewall Center Strip ... Bakery Keith Renfro - State ... Insurance Agency New Home Collective ... Real Estate Agency David A Holladay Law Firm Peoples Exchange Bank Bank

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Auto Parts Store Restaurant Furniture & Home Goods (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
NNN (Triple Net)
Lease Type
$2.70 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

850
Businesses Nearby
55k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 81% Dining 19%
Bargain Hunt Shops & Services
15,339 visits/mo 0.0 miles
Dollar Tree Shops & Services
14,124 visits/mo
Domino's Pizza Dining
8,260 visits/mo 0.1 miles
Shell Shops & Services
6,963 visits/mo 0.1 miles
Marathon Shops & Services
6,058 visits/mo 0.5 miles

Demographics for 40503, KY

28,073
Population
13,437
Households
2.1
Avg Household Size
39
Median Age
57%
College-Educated
96%
High-School Grad
8.8 sq mi
ZIP Area
3,190
Density / Sq Mi
$74,161
Median Household Income
$43,061
Median Earnings
$1,110
Median Rent
$280,000
Median Home Value

Market

Lease Benchmarks for Lexington, KY

$21.33 /SF/Yr
Avg Asking Price
$9–$38 /SF/Yr
Price Range
75,143 SF
Avg Space Size

This space is priced 16% below the average of $21.33 /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
Rey
Questions? Ask Rey
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Similar Off Market Nearby

  • Keithshire Place Shopping Center 3320 Partner Pl, Lexington, KY 40503
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Frequently Asked Questions

What type of property is this?
Shopping center - Remaining retail space within a multi-tenant center at Reynolds Road and Clays Mill Road.
Where is this shopping center located?
The property is located at 3101 Clays Mill Rd Lexington, KY.
What is the lease rate?
The lease rate is $18 SF/Yr.
What are key features of this property?
This property features: 56,646‑square‑foot shopping center; B‑1 zoning; One remaining retail space available
More about this property
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