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Retail Space with On-Site Parking
For Lease
$25 SF/Yr

405 S Limestone Unit 2, Lexington, KY 40508

Unit 2 offers retail space in a 2020 building with on-site parking.

Space SizeContact for details
Days on Market52

Property Features for 405 S Limestone Unit 2

General Information

Standard status Active

Additional Details

Space Use Retail

Building Details

Year Built 2020
Listing Agency: Block + Lot Real Estate
Listed By: Gregory Leveridge · License #215416
Source: Meliarealty
Added: Jul 10 Changed: Aug 29 Last Checked: Aug 29 at 7:31PM

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 Real Estate

Investment Insights

Based on property information with market context.

Unit 2 is a retail space within a building completed in 2020. The property is being positioned for a blended tenant mix that may include food hall concepts, restaurants, and service-oriented retail uses.

The leasing concept is intended to connect participating businesses with the UK innovation space and the surrounding campus and community. On-site parking supports access for customers, employees, and visitors.

Key Highlights

  • Retail space identified as Unit 2
  • Building completed in 2020
  • Ample on‑site parking

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Locksmith Veterinary Clinic (Bike/Boat/Book/etc) Store Butcher Nursing Home Pet 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
$3.75 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

3,029
Businesses Nearby
3k
Monthly Visits Nearby

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

$42.33 /SF/Yr
Avg Asking Price
$9–$556 /SF/Yr
Price Range
13,944 SF
Avg Space Size

This space is priced 41% below the average of $42.33 /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 - Unit 2 offers retail space in a 2020 building with on-site parking.
Where is this retail space located?
The property is located at 405 S Limestone Unit 2 Lexington, KY.
What is the lease rate?
The lease rate is $25 SF/Yr.
What are key features of this property?
This property features: Retail space identified as Unit 2; Building completed in 2020; Ample on‑site parking
More about this property
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