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Corner Restaurant Outparcel
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350 Foreman Ave, Lexington, KY 40508

Built in 2005 near student housing, the University of Kentucky, and Downtown Lexington.

Space SizeContact for details
Days on Market187

Property Features for 350 Foreman Ave

General Information

Standard status Active
Total Parking Spaces 44
Property subtype Retail
Zoning B-1

Additional Details

Space Use Restaurant

Amenities

Vacant
44 Parking Spaces

Building Details

Year Built 2005
Tenancy Single Tenant

Spaces For Lease

at 350 Foreman Ave
Available Space $31/Mo
Contact us
Listing Agency: NAI Isaac
Listed By: Zach Smith
Source: Kcrea.resimplifi
Added: Apr 13 Changed: Oct 11 Last Checked: Oct 16 at 5:43AM

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

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Investment Insights

Based on property information with market context.

This restaurant property was constructed in 2005 and is positioned as a corner outparcel serving the surrounding area. Its setting beside Newtown Crossing provides proximity to a student housing community with approximately 340 units and roughly 900 students.

The property is within walking distance of the University of Kentucky and Downtown Lexington, connecting the site with established student, residential, and downtown activity. The location supports both daytime and evening restaurant operations within a densely developed trade area.

Key Highlights

  • Corner outparcel beside Newtown Crossing
  • Adjacent to approximately 340‑unit student housing with roughly 900 students
  • Within walking distance of the University of Kentucky

Property Analytics

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Current Use

Conventional restaurants

Suggested Use

Top Pick Auto Parts Store Electrical Service Big Box & Wholesale Store Garden Center HVAC 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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

4,600
Businesses Nearby
306k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 74% Shops & Services 25% Hotels & Casinos 1%
Cook Out Dining
46,409 visits/mo 0.2 miles
Raising Cane's Chicken Fingers Dining
34,546 visits/mo 0.4 miles
McDonald's Dining
34,086 visits/mo 0.4 miles
Caseys Shops & Services
24,204 visits/mo 0.5 miles
SONIC Drive In Dining
23,684 visits/mo 0.4 miles

Demographics for 40508, KY

25,586
Population
11,458
Households
2.2
Avg Household Size
26
Median Age
36%
College-Educated
86%
High-School Grad
4.2 sq mi
ZIP Area
6,092
Density / Sq Mi
$28,040
Median Household Income
$13,316
Median Earnings
$900
Median Rent
$174,900
Median Home Value
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Market

Lease Benchmarks for Lexington, KY

$30.5 /SF/Yr
Avg Asking Price
$25–$45 /SF/Yr
Price Range
90,052 SF
Avg Space Size

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025

Frequently Asked Questions

What type of property is this?
Conventional restaurant - Built in 2005 near student housing, the University of Kentucky, and Downtown Lexington.
Where is this conventional restaurant located?
The property is located at 350 Foreman Ave Lexington, KY.
What are key features of this property?
This property features: Corner outparcel beside Newtown Crossing; Adjacent to approximately 340‑unit student housing with roughly 900 students; Within walking distance of the University of Kentucky
More about this property
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