Customizable Retail
For Lease
Contact for pricing
503-505 E Third St, Lexington, KY 40508
B-1-zoned retail suites offer adaptable configurations for a range of commercial layouts.
Space Size788 SF
Days on Market497
Property Features for 503-505 E Third St
General Information
Standard status
Active
Size
788 SF
Net Rentable
788 SF
Total Parking Spaces
5
Property subtype
Retail
Zoning
B-1
Space & Availability
Available Space
788 SF
Divisible
Yes
Amenities
5 Parking Spaces
Building Details
Year Built
1938
Listing Agency:
Guide Realty Inc.
(859) 421-8984
Listed By:
Raquel Carter · License #203070
(859) 421-8984
Source:
Kcrea.resimplifi
Added: Apr 22, 2025
Changed: Aug 31
Last Checked: Aug 31 at 12:46AM
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 Guide Realty Inc.
Investment Insights
Based on property information with market context.
This retail property at 503-505 E Third St comprises 7,923 square feet in a building constructed in 1938. Available suite configurations range from approximately 788 square feet to just over 7,300 square feet, providing options for both smaller operators and larger commercial users. The space is designated B-1 zoning and is offered for lease.
The property is positioned along the Third and Midland Ave corridor in Lexington, with the Met, Lyric Theatre, Artist Village, and Isaac Murphy Park identified among the nearby destinations. Its setting places retail suites within a corridor connecting to Downtown Lexington.
The property is positioned along the Third and Midland Ave corridor in Lexington, with the Met, Lyric Theatre, Artist Village, and Isaac Murphy Park identified among the nearby destinations. Its setting places retail suites within a corridor connecting to Downtown Lexington.
Key Highlights
- 7,923‑square‑foot retail property at 503‑505 E Third St
- Suite options from approximately 788 sqft to just over 7300 sqft
- B‑1 zoning supports the retail property classification
Property Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
1,447
Businesses Nearby
5k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Rally's
Dining
5,145 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
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 - B-1-zoned retail suites offer adaptable configurations for a range of commercial layouts.
Where is this retail space located?
The property is located at 503-505 E Third St Lexington, KY.
What are key features of this property?
This property features: 7,923‑square‑foot retail property at 503‑505 E Third St; Suite options from approximately 788 sqft to just over 7300 sqft; B‑1 zoning supports the retail property classification
