Innovation Community Retail
For Lease
$25 SF/Yr
405 S Limestone, Lexington, KY 40508
COMMERCIAL - Lexington, KY
Space SizeContact for details
Lot Size3.83 Acres
Days on Market494
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
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: Aug 13
Last Checked: Aug 22 at 12:06PM
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.
This 1,451-square-foot retail offering was built in 2020 and is available for lease within a 3.83-acre commercial setting. The planned tenant mix includes a food hall, restaurants, traditional retail, and service-oriented businesses, creating a varied environment for complementary operators. Ample on-site parking is also provided.
The property is located at 405 S Limestone in Lexington, within an innovation community associated with UK innovation space, campus activity, and community businesses. The setting is intended to accommodate multiple business uses and support interaction among participating operators. Its combination of retail area, established site improvements, and a defined food-and-service retail concept provides a clear framework for prospective tenants evaluating space in this commercial project.
The property is located at 405 S Limestone in Lexington, within an innovation community associated with UK innovation space, campus activity, and community businesses. The setting is intended to accommodate multiple business uses and support interaction among participating operators. Its combination of retail area, established site improvements, and a defined food-and-service retail concept provides a clear framework for prospective tenants evaluating space in this commercial project.
Key Highlights
- 1,451 square feet of retail space
- Built in 2020
- 3.83‑acre commercial setting
Property Analytics
Property Profile
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
Market
Lease Benchmarks for Lexington, KY
$42.47 /SF/Yr
Avg Asking Price
$9–$556 /SF/Yr
Price Range
14,127 SF
Avg Space Size
This space is priced 41% below the average of $42.47 /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 - Planned tenant mix includes restaurants, food hall concepts, and service-oriented retail uses.
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 square feet of retail space; Built in 2020; 3.83‑acre commercial setting
