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Mixed-Use Redevelopment
For Lease
$40 SF/Yr

325 W Main Street, Lexington, KY 40507

Commercial Lease, Lexington, KY

Space Size1,885 SF - 56,246 SF
Lot Size0.88 Acres
Days on Market610

Property Features for 325 W Main Street

General Information

Property type Commercial Lease
Property subtype Office
Zoning description B-2B
Subdivision Commercial
Directions Located on the signalized hard corner of Main St. and S. Broadway.
Standard status Active
APN 99001330-205
Size 245 SF
Lot size 0.88 Acres

Amenities

balconies
common areas
life safety/security
event space
catering kitchen
parking garage

Building Details

Year built 1985
Floors in Building 3
Listing Agency: Block + Lot Homes
Listed By: Peter Barr · License #65116
Added: Jan 30, 2025 Changed: Sep 12 Last Checked: Oct 2 at 1:06PM
MLS# 25001563

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.

325 W. Main Street is a mixed-use redevelopment offering divisible commercial space across retail, restaurant, office, executive-suite, and event uses. The plan includes 27,818 square feet of first-floor direct-entry retail and restaurant space, up to 56,246 square feet of Class A professional office space, 1,885 square feet of executive offices, and 1,812 square feet of event space with a separate catering kitchen.

The property occupies the signalized intersection of Main Street and Broadway in downtown Lexington. Renovation work began in Q4 2024, with delivery scheduled for Q1 2026. Planned improvements include a new exterior facade, balconies, windows, common areas, mechanical systems, and life-safety and security upgrades. A connected, city-owned parking garage provides 381 spaces.

Key Highlights

  • 27,818 square feet of divisible first‑floor retail and restaurant space
  • Up to 56,246 square feet of divisible Class A professional office space
  • 1,885 square feet of executive‑suite offices

Property Analytics

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Current Use

iHigh Marketing & Advertising Minner Vines Injury ... Law Firm FedEx Drop Box Postal Service Brian M. Vines Law Firm BRAINBOX Intelligent Marketing Advertising Agency

Suggested Use

Top Pick Auto Parts Store Garden Center Pharmacy Home Appliance Store Electrical Service (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
$6.00 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

3,572
Businesses Nearby

Demographics for 40507, KY

2,043
Population
1,765
Households
1.2
Avg Household Size
44
Median Age
54%
College-Educated
93%
High-School Grad
0.4 sq mi
ZIP Area
5,108
Density / Sq Mi
$34,543
Median Household Income
$40,826
Median Earnings
$642
Median Rent
$391,000
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

$30.14 /SF/Yr
Avg Asking Price
$7.25–$45 /SF/Yr
Price Range
32,551 SF
Avg Space Size

This space is priced 33% above the average of $30.14 /SF/Yr.

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Redevelopment will combine retail, restaurant, office, event, and executive-suite space with updated building systems.
Where is this mixed-use property located?
The property is located at 325 W Main Street Lexington, KY.
What is the lease rate?
The lease rate is $40 SF/Yr.
What are key features of this property?
This property features: 27,818 square feet of divisible first‑floor retail and restaurant space; Up to 56,246 square feet of divisible Class A professional office space; 1,885 square feet of executive‑suite offices
More about this property
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