Retail Space with On-Site
For Lease
$25 SF/Yr
405 S Limestone, Lexington, KY 40508
Commercial Lease, Lexington, KY
Space SizeContact for details
Lot Size3.83 Acres
Days on Market540
Property Features for 405 S Limestone
General Information
Property type
Commercial Lease
Property subtype
Retail
Zoning description
B-1
Subdivision
Commercial
Directions
- New retail in the heart of the University of Kentucky Campus - Centrally located in Lexington - Easily accessible via public transportation
Standard status
Active
APN
94038560-2
Size
1,451 SF
Lot size
3.83 Acres
Amenities
on-site parking
Building Details
Year built
2020
Listing Agency:
Block + Lot Homes
(859) 309-0099
Listed By:
Gregory Leveridge · License #215416
(859) 421-8959
Added: Apr 16, 2025
Changed: Oct 2
Last Checked: Oct 7 at 5:06PM
MLS# 25007631
Copyright © 2026 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 2020, this 1,451-square-foot retail space at 405 S Limestone is positioned within a 3.83-acre property in Lexington. The leasing concept is oriented toward a mix of food hall, restaurant, traditional retail, and service-oriented retail uses, creating opportunities for complementary businesses to operate within a shared community setting.
The property is part of an innovation-focused environment connected to the University of Kentucky community and campus, with UK Plus accepted. Ample on-site parking supports customer and tenant access. The planned tenant mix is intended to bring together multiple businesses and encourage interaction among the surrounding innovation and campus-oriented uses.
The property is part of an innovation-focused environment connected to the University of Kentucky community and campus, with UK Plus accepted. Ample on-site parking supports customer and tenant access. The planned tenant mix is intended to bring together multiple businesses and encourage interaction among the surrounding innovation and campus-oriented uses.
Key Highlights
- 1,451 SF retail space built in 2020
- 3.83‑acre property at 405 S Limestone, Lexington, KY
- Tenant mix envisioned for food hall, restaurants, and service‑oriented retail
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
$3.75 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
4,354
Businesses Nearby
96k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Raising Cane's Chicken Fingers
Dining
34,546 visits/mo
0.1 miles
McDonald's
Dining
34,086 visits/mo
0.1 miles
Tropical Smoothie Cafe
Dining
7,333 visits/mo
0.3 miles
Qdoba Mexican Grill
Dining
6,091 visits/mo
0.3 miles
Papa John's Pizza
Dining
5,076 visits/mo
0.3 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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Lexington, KY
$32.78 /SF/Yr
Avg Asking Price
$8–$556 /SF/Yr
Price Range
40,845 SF
Avg Space Size
This space is priced 24% below the average of $32.78 /SF/Yr.
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Contemporary retail space suited to food hall, restaurant, and service-oriented retail concepts.
Where is this retail space located?
The property is located at 405 S Limestone Lexington, KY.
What is the lease rate?
The lease rate is $25 SF/Yr.
What are key features of this property?
This property features: 1,451 SF retail space built in 2020; 3.83‑acre property at 405 S Limestone, Lexington, KY; Tenant mix envisioned for food hall, restaurants, and service‑oriented retail
