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Corner Restaurant Outparcel
For Lease
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350 Foreman Ave, Lexington, KY 40508

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

Space Size3,258 SF
Days on Market134

Property Features for 350 Foreman Ave

General Information

Standard status Active
Size 3,258 SF
Total Parking Spaces 44
Property subtype Retail, Restaurant

Additional Details

Space Use Restaurant

Building Details

Building Size 3,258 SF
Year Built 2005
Tenancy Single

Spaces For Lease

at 350 Foreman Ave Contact us

Available Space

Size
3,258 SF
Type
Restaurant, Retail
Lease Type
NNN
Availability
Active
Contact us
Listing Agency: NAI Isaac
Listed By: John P Miller · License #KY 193647
Source: Crexi
Added: Apr 21 Changed: Aug 31 Last Checked: Aug 30 at 11:14PM

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.

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

Current Use

Conventional restaurants

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Locksmith Electrical Service Butcher Catering Service Garden Center

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

Market

Lease Benchmarks for Lexington, KY

$35 /SF/Yr
Avg Asking Price
$25–$45 /SF/Yr
Price Range
37,761 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
Rey
Questions? Ask Rey
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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
(859) 420-2200 Call to check price and availability
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