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Retail Space Along Active Corridor
For Lease
$18 SF/Yr

365 Southland Dr, Lexington, KY 40503

B-1-zoned retail space with multiple suite sizes along Southland Drive near established national and local retailers.

Space SizeContact for details
Days on Market232

Property Features for 365 Southland Dr

General Information

Standard status Active
Property subtype Retail
Zoning B-1
Lease Type NNN

Spaces For Lease

at 365 Southland Dr Contact us

Available Space $18/Mo

Contact us
Listing Agency: SVN Stone Commercial Real Estate
Listed By: Weston Lockhart · License #245654
Source: Kcrea.resimplifi
Added: Jan 12 Changed: Aug 31 Last Checked: Aug 31 at 1:40PM

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 SVN Stone Commercial Real Estate

Investment Insights

Based on property information with market context.

Retail space at 365 / 367 Southland Drive offers 1,212 to 3,053 SF for lease within a B-1 zoning designation. The property is positioned along Southland Drive, with access to a tenant mix that includes Dollar General, Firestone, Winchell’s, Marikka’s Restaurant and Bier Stube, and Good Foods Co-op.

Southland Drive records 10,214+ VPD, while nearby Nicholasville Rd carries 36,000+ VPD. Downtown Lexington is 2.8 miles away, the University of Kentucky is 1.8 miles away, and Central Baptist is 0.7 miles away. The corridor also features 6’ sidewalks, more than 120 new trees, a gardenscape, and a mural near the railroad overpass, supporting pedestrian and bicycle access.

Key Highlights

  • 1,212 to 3,053 SF of retail space available
  • 10,214+ VPD on Southland Drive
  • 36,000+ VPD on nearby Nicholasville Rd

Property Analytics

Current Use

Toy Headquarters (Bike/Boat/Book/etc) Store Alice's Glass Onion (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick HVAC Service Electrical Service Building Supply Parking Lot & Garage Garden Center Carpet & Flooring 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
$2.70 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

902
Businesses Nearby
41k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 62% Dining 38%
Winchell's Donut House Dining
14,423 visits/mo 0.2 miles
Dollar Tree Shops & Services
9,773 visits/mo 0.2 miles
Dollar General Shops & Services
8,486 visits/mo 0.3 miles
BP Shops & Services
4,639 visits/mo 0.2 miles
O'Reilly Auto Parts Shops & Services
1,557 visits/mo 0.1 miles

Demographics for 40503, KY

28,073
Population
13,437
Households
2.1
Avg Household Size
39
Median Age
57%
College-Educated
96%
High-School Grad
8.8 sq mi
ZIP Area
3,190
Density / Sq Mi
$74,161
Median Household Income
$43,061
Median Earnings
$1,110
Median Rent
$280,000
Median Home Value

Market

Lease Benchmarks for Lexington, KY

$34.92 /SF/Yr
Avg Asking Price
$8–$556 /SF/Yr
Price Range
41,911 SF
Avg Space Size

This space is priced 48% below the average of $34.92 /SF/Yr.

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?
Retail space - B-1-zoned retail space with multiple suite sizes along Southland Drive near established national and local retailers.
Where is this retail space located?
The property is located at 365 Southland Dr Lexington, KY.
What is the lease rate?
The lease rate is $18 SF/Yr.
What are key features of this property?
This property features: 1,212 to 3,053 SF of retail space available; 10,214+ VPD on Southland Drive; 36,000+ VPD on nearby Nicholasville Rd
More about this property
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