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Anchored Shopping Center
For Lease
$12 SF/Yr

3220 Nicholasville Rd, Lexington, KY 40503

Multi-anchor retail center offers available suites, rear parking, and access from two major Lexington thoroughfares.

Space SizeContact for details
Property Size216,235 SF
Days on Market343

Property Features for 3220 Nicholasville Rd

General Information

Standard status Active
Size 216,235 SF
Property subtype Retail
Zoning B-6P
Lease Type NNN

Site & Location

Anchor Co-Tenants Academy Sports, Best Buy, Burlington, Value City Furniture, Main Event
Road Access Yes

Amenities

ample parking

Building Details

Tenancy Multi-Tenant
Building Size 216,235 SF

Spaces For Lease

at 3220 Nicholasville Rd Contact us

Available Space $12/Mo

Contact us
Listing Agency: NAI Isaac
Listed By: Jamie Adams · License #289600
Source: Kcrea.resimplifi
Added: Sep 24, 2025 Changed: Aug 31 Last Checked: Sep 1 at 3:40PM

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 NAI Isaac

Investment Insights

Based on property information with market context.

South Park Shopping Center is a +/-216,235 SF retail property with three spaces available for lease. The center includes Academy Sports, Best Buy, Burlington, Value City Furniture, and Main Event as established anchors. Suite 161 features a 9'x9' roll-up garage door, adding a functional loading or access feature for certain commercial uses. Ample parking is located behind the shopping center.

The property sits at the intersection of New Circle Road and Nicholasville Road in Lexington, with additional access via Canary Road and Loch Ness Drive. Traffic counts reach +/-69,662 VPD on Nicholasville Road and +/-68,026 VPD on New Circle Road. Nearby regional destinations include +/-1.2M SF Fayette Mall, The Summit at Fritz Farm, Lexington Green, and The Plaza at Fayette Mall, along with restaurants, banks, shopping, and services. The property is zoned B-6P.

Key Highlights

  • +/-216,235 SF retail center with three spaces available for lease
  • Anchored by Academy Sports, Best Buy, Burlington, Value City Furniture, and Main Event
  • Suite 161 includes a 9'x9' roll‑up garage door

Property Analytics

Current Use

Geek Squad Tech Support Center Magnolia Electronics & Wireless Store Burlington Clothing Store CDReload - Online Bitcoin ... Crypto Atm South Park Shopping ... Shopping Center & Mall

Suggested Use

Top Pick Big Box & Wholesale Store Building Supply Auto Parts Store Parking Lot & Garage Electrical Service Barber Shop

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

Yes
Paved road access
NNN (Triple Net)
Lease Type
$1.80 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,521
Businesses Nearby
682k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Dining 37% Apparel 23% Superstores 23% Electronics 7%
Target Superstores
155,714 visits/mo 0.3 miles
Macy's Apparel
92,118 visits/mo 0.5 miles
Chick-fil-A Dining
53,399 visits/mo 0.4 miles
Olive Garden Dining
41,810 visits/mo 0.4 miles
Raising Cane's Chicken Fingers Dining
41,053 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 44% 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
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Similar Off Market Nearby

  • Fayette Plaza 3801 Mall Rd #195, Lexington, KY 40503
  • Hamburg Pavillon Lexington mall rd, lexington, ky 40503
  • Sunglass Hut 3473 Nicholasville Rd, Lexington, KY 40503
  • Sunglass Hut at Macy's 3301 Nicholasville Rd, Lexington, KY 40503
  • Crossroads Plaza Lexington, KY 40517

Frequently Asked Questions

What type of property is this?
Shopping center - Multi-anchor retail center offers available suites, rear parking, and access from two major Lexington thoroughfares.
Where is this shopping center located?
The property is located at 3220 Nicholasville Rd Lexington, KY.
What is the lease rate?
The lease rate is $12 SF/Yr.
What are key features of this property?
This property features: +/-216,235 SF retail center with three spaces available for lease; Anchored by Academy Sports, Best Buy, Burlington, Value City Furniture, and Main Event; Suite 161 includes a 9'x9' roll‑up garage door
More about this property
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