Retail Space with Payment
For Lease
$2,500/Mo Modified Gross
462 E New Circle Road, Lexington, KY 40505
The interior retains service counters and payment windows from its previous business configuration.
Space SizeContact for details
Property Size1,550 SF
Days on Market1044
Property Features for 462 E New Circle Road
General Information
Standard status
Active
Size
1,550 SF
Total Parking Spaces
5
Zoning
B-3
Lease Type
Modified Gross
Space & Availability
Space Use
Retail
Available From
2024-01-01
Lease Terms
Lease Rate
$2,500 /USD/MO
Monthly Rent
$2,500
Additional Details
Traffic Count
30,000 vehicles/day
Building Details
Building Size
1,550 SF
Year Built
1968
Buildings
1
Stories
1
Listing Agency:
Jack Foley Realty, LLC
Listed By:
John L Foley
(859) 221-4080
Source:
Bluegrasspropertiesgroup
Added: Dec 13, 2023
Changed: Oct 22
Last Checked: Oct 22 at 2:31PM
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 Jack Foley Realty, LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,550-square-foot retail space was built in 1968 and is zoned B-3. Service counters and payment windows remain in place, reflecting its former check-cashing use. The lease is modified gross, with the landlord responsible for real estate taxes, building hazard insurance, and exterior maintenance.
The property sits at the signalized intersection of East New Circle Road and Meadow Lane, where the reported traffic count is approximately 30,000 vehicles per day.
The property sits at the signalized intersection of East New Circle Road and Meadow Lane, where the reported traffic count is approximately 30,000 vehicles per day.
Key Highlights
- 1,550 square feet of retail space
- B‑3 zoning
- Service counters and payment windows remain in place
Property Analytics
Current Use
Lease Details
30,000 VPD
Traffic count
Modified Gross
Lease Type
Location Intelligence
Trade Area within ½ mile
753
Businesses Nearby
131k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 41%
Groceries 32%
Dining 21%
Apparel 5%
Kroger
Groceries
41,668 visits/mo
0.3 miles
White Castle
Dining
16,054 visits/mo
0.4 miles
Speedway
Shops & Services
11,871 visits/mo
0.2 miles
Kroger Fuel Center
Shops & Services
11,543 visits/mo
0.4 miles
Green's Toyota Of Lexington
Shops & Services
8,943 visits/mo
0.4 miles
Demographics for 40505, KY
26,278
Population
12,026
Households
2.2
Avg Household Size
39
Median Age
23%
College-Educated
86%
High-School Grad
8.0 sq mi
ZIP Area
3,285
Density / Sq Mi
$58,922
Median Household Income
$33,517
Median Earnings
$914
Median Rent
$166,300
Median Home Value
Market
Lease Benchmarks for Lexington, KY
$32.72 /SF/Yr
Avg Asking Price
$8–$556 /SF/Yr
Price Range
37,936 SF
Avg Space Size
This space is priced 41% below the average of $32.72 /SF/Yr.
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - The interior retains service counters and payment windows from its previous business configuration.
Where is this retail space located?
The property is located at 462 E New Circle Road Lexington, KY.
What is the lease rate?
The lease rate is $2,500/Mo.
What are key features of this property?
This property features: 1,550 square feet of retail space; B‑3 zoning; Service counters and payment windows remain in place
