Downtown Mixed-Use
New
For Lease
$25 SF/Yr
325 W Main St Unit 304, Lexington, KY 40507
Redevelopment will combine retail, restaurant, office, executive suite, and event space within a renovated downtown property.
Space Size1,812 SF - 56,246 SF
Days on Market7
Property Features for 325 W Main St Unit 304
General Information
Standard status
Active
Size
1,812 SF - 56,246 SF
Net Rentable
27,818 SF
Total Parking Spaces
381
Space & Availability
Available Space
1,812-56,246 SF
Contiguous Space
27,818 SF
Divisible
Yes
Floor
Ground
Space Use
Restaurant
Available From
2026-Q1
Additional Details
Road Access
Yes
Amenities
381-space connected city-owned parking garage
Building Details
Year Built
1985
Tenancy
Multi
Listing Agency:
Block + Lot Real Estate
Listed By:
Peter Barr · License #65116
(859) 351-7924
Source:
Meliarealty
Added: Sep 16
Changed: Sep 17
Last Checked: Sep 21 at 12:28PM
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 Real Estate
Investment Insights
Based on property information with market context.
This mixed-use property is undergoing a comprehensive redevelopment at 325 W. Main St. The project includes 27,818 SF of divisible first-floor retail and restaurant space, up to 56,246 SF of divisible Class A professional office space, 1,885 SF of executive suites, and 1,812 SF of event space with a separate catering kitchen. Planned improvements include a new exterior facade, balconies, windows, common areas, mechanical systems, and life-safety and security features.
The property occupies the signalized corner of Main and Broadway in downtown Lexington, Kentucky. A connected, city-owned parking garage provides 381 spaces. Renovation work began in Q4 2024, with delivery scheduled for Q1 2026. The building was constructed in 1985 and has a total property size of 88,479 SF.
The property occupies the signalized corner of Main and Broadway in downtown Lexington, Kentucky. A connected, city-owned parking garage provides 381 spaces. Renovation work began in Q4 2024, with delivery scheduled for Q1 2026. The building was constructed in 1985 and has a total property size of 88,479 SF.
Key Highlights
- 27,818 SF of divisible first‑floor retail and restaurant space
- Up to 56,246 SF of divisible Class A professional office space
- 1,885 SF of executive suite offices
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
NNN (Triple Net)
Lease Type
$3.75 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
3,572
Businesses Nearby
Explore this area
Business Placement
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
$31.23 /SF/Yr
Avg Asking Price
$7.25–$45 /SF/Yr
Price Range
31,616 SF
Avg Space Size
This space is priced 20% below the average of $31.23 /SF/Yr.
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Redevelopment will combine retail, restaurant, office, executive suite, and event space within a renovated downtown property.
Where is this mixed-use property located?
The property is located at 325 W Main St Unit 304 Lexington, KY.
What is the lease rate?
The lease rate is $25 SF/Yr.
What are key features of this property?
This property features: 27,818 SF of divisible first‑floor retail and restaurant space; Up to 56,246 SF of divisible Class A professional office space; 1,885 SF of executive suite offices
