Mixed-Use Property with On-Site
For Lease
$30 SF/Yr
405 S Limestone Unit 1, Lexington, KY 40508
Designed for food, restaurant, service, and traditional retail concepts within a community-oriented tenant mix.
Space SizeContact for details
Days on Market15
Property Features for 405 S Limestone Unit 1
General Information
Standard status
Active
Building Details
Year Built
2020
Listing Agency:
Block + Lot Homes
(859) 421-8959
Listed By:
Gregory Leveridge · License #215416
Source:
Sellkentucky
Added: Aug 16
Changed: Aug 29
Last Checked: Aug 29 at 4:09PM
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 Block + Lot Homes
Investment Insights
Based on property information with market context.
This 20,000-square-foot mixed-use property was built in 2020 and is positioned for a combination of food, restaurant, service, and traditional retail uses. The planned concept includes a food hall alongside conventional retail offerings, with UK Plus accepted as part of the tenant criteria.
On-site parking supports the property, which is located at 405 S Limestone Unit 1 in Lexington. The leasing plan is intended to bring multiple community businesses together and encourage interaction with the surrounding community and campus.
On-site parking supports the property, which is located at 405 S Limestone Unit 1 in Lexington. The leasing plan is intended to bring multiple community businesses together and encourage interaction with the surrounding community and campus.
Key Highlights
- 20,000 square feet of mixed‑use commercial space
- Built in 2020
- Planned food hall and traditional retail components
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$4.50 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
3,029
Businesses Nearby
3k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 77%
Dining 23%
Marathon Petroleum
Shops & Services
2,407 visits/mo
0.2 miles
China Star
Dining
725 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
$35.38 /SF/Yr
Avg Asking Price
$25–$45 /SF/Yr
Price Range
25,911 SF
Avg Space Size
This space is priced 15% below the average of $35.38 /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?
Mixed-use property - Designed for food, restaurant, service, and traditional retail concepts within a community-oriented tenant mix.
Where is this mixed-use property located?
The property is located at 405 S Limestone Unit 1 Lexington, KY.
What is the lease rate?
The lease rate is $30 SF/Yr.
What are key features of this property?
This property features: 20,000 square feet of mixed‑use commercial space; Built in 2020; Planned food hall and traditional retail components
