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Shopping Center Retail Space
For Lease
$15 SF/Yr

3101 Clays Mill Road, Lexington, KY 40503

Commercial Lease, Lexington, KY

Space SizeContact for details
Lot Size7.46 Acres
Days on Market163

Property Features for 3101 Clays Mill Road

General Information

Property type Commercial Lease
Property subtype Other
Zoning description B-1
Subdivision Commercial
Directions Located at the intersection of Clays Mill Road and Reynolds Rd/Wellington Way.
Standard status Active
APN 25580900-1
Size 5,107 SF
Lot size 7.46 Acres

Building Details

Year built 1981
Listing Agency: Keller Williams Commonwealth · Keller Williams Realty
Listed By: Bryan Little · License #217370
Added: Apr 28 Changed: Oct 2 Last Checked: Oct 7 at 11:06AM
MLS# 26009400

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 retail offering is part of a shopping center comprising approximately 5,107 square feet within a 7.46-acre property. Built in 1981, the center includes an available space positioned among a mix of food, retail, and service-oriented businesses.

The property sits at the junction of Reynolds Road and Clays Mill Road in Lexington, with Fayette Mall nearby. Existing neighboring tenants include North Lime Donuts, Crank and Boom, Bluegrass Baking Company, Big Kahuna, Goodwill, and Park Federal Credit Union, creating a varied commercial setting for the available retail space.

Key Highlights

  • 5,107‑square‑foot retail space within a shopping center
  • Shopping center property spans 7.46 acres
  • Located at Reynolds Road and Clays Mill Road

Property Analytics

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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
$2.25 /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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Lexington, KY

$21.39 /SF/Yr
Avg Asking Price
$9–$30 /SF/Yr
Price Range
91,001 SF
Avg Space Size

This space is priced 30% below the average of $21.39 /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
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Similar Off Market Nearby

  • Keithshire Place Shopping Center — 3320 Partner Pl, Lexington, KY 40503
  • Coin Cloud Bitcoin ATM — 3101 Clays Mill Rd, Lexington, KY 40503

Frequently Asked Questions

What type of property is this?
Shopping center - Available retail space in a shopping center with established food, service, and retail tenants nearby.
Where is this shopping center located?
The property is located at 3101 Clays Mill Road Lexington, KY.
What is the lease rate?
The lease rate is $15 SF/Yr.
What are key features of this property?
This property features: 5,107‑square‑foot retail space within a shopping center; Shopping center property spans 7.46 acres; Located at Reynolds Road and Clays Mill Road
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