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Downtown Mixed-Use Redevelopment

325 W Main Street #211, Lexington, KY 40507

For Lease
$40 SF/Yr

Planned spaces span retail, dining, professional offices, executive suites, and an event venue in downtown Lexington.

Space Size2,625 SF - 29,221 SF
Days on Market649

Property Features for 325 W Main Street #211

General Information

Standard status Active
Size 2,625 SF - 29,221 SF
Net Rentable 29,221 SF
Class A
Zoning B-2B

Space & Availability

Available Space 2,625-29,221 SF
Contiguous Space 29,221 SF
Divisible Yes
Floor 1
Space Use Retail
Sublease No
Available From 2026-Q1

Site & Location

Neighborhood North Limestone Nghd Assoc
Corner Location Yes
Road Access Yes

Amenities

event space
catering kitchen

Building Details

Building Size 230 SF
Year Built 1985
Buildings 1
Stories 3
Tenancy Multi
Listing Agency: Block + Lot Homes
Listed By: Peter Barr · License KY #65116
Source: Bluegrasspropertiesgroup
Added: Jan 30, 2025 Changed: Nov 4 Last Checked: Nov 9 at 12:56AM

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 Block + Lot Homes

Rey
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Investment Insights

Based on property information with market context.

At 325 W. Main Street, the mixed-use property is being renovated to accommodate retail and restaurant tenants, professional offices, executive suites, and events. The first floor is planned for 29,221 square feet of divisible retail and restaurant space. Office offerings include up to 55,452 square feet of divisible Class A space and 2,625 square feet of executive suites. A separate 1,815-square-foot event area includes a catering kitchen.

The property occupies the signal-controlled corner 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, balconies, windows, updated common areas, mechanical systems, and life-safety and security features. A connected, city-owned parking garage provides 381 spaces.

Key Highlights

  • 29,221 square feet of divisible first‑floor retail and restaurant space
  • Up to 55,452 square feet of divisible Class A professional office space
  • 2,625 square feet of executive suites and 1,815‑square‑foot event space with a separate catering kitchen

Property Analytics

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
Yes
Paved road access
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

Market

Lease Benchmarks for Lexington, KY

$31.58 /SF/Yr
Avg Asking Price
$7.25–$45 /SF/Yr
Price Range
28,604 SF
Avg Space Size

This space is priced 27% above the average of $31.58 /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

Frequently Asked Questions

What type of property is this?
Mixed-use property - Planned spaces span retail, dining, professional offices, executive suites, and an event venue in downtown Lexington.
Where is this mixed-use property located?
The property is located at 325 W Main Street #211 Lexington, KY.
What is the lease rate?
The lease rate is $40 SF/Yr.
What are key features of this property?
This property features: 29,221 square feet of divisible first‑floor retail and restaurant space; Up to 55,452 square feet of divisible Class A professional office space; 2,625 square feet of executive suites and 1,815‑square‑foot event space with a separate catering kitchen
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