Redevelopment Retail Building and
For Sale
Contact for pricing
671 N BROADWAY, Lexington, KY 40508
B-1 zoned retail/mixed-use structure with redevelopment upside on a hard-corner, three-parcel land assemblage.
Property Size3,596 SF
Lot Size0.58 Acres
Price / SF$353.17
Days on Market63
Property Features for 671 N BROADWAY
General Information
Standard status
Active
Size
3,596 SF
Class
B
Lot size
0.58 Acres
Property subtype
Retail, Mixed Use, Land
Zoning
B-1
Investment Type
Redevelopment
Building Details
Year Built
1920
Buildings
1
Stories
1
Units
3
Listing Agency:
The Gibson Company Commercial Real Estate
(859) 321-3552
Listed By:
Christa Collins, CCIM · License #KY 239962
Source:
Crexi
Added: Jun 10
Changed: Aug 8
Last Checked: Aug 11 at 5:33AM
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 The Gibson Company Commercial Real Estate
Investment Insights
Based on property information with market context.
The property offers an existing 3,596 SF retail/mixed-use structure on a redevelopment-focused site. The zoning is B-1, and the offering includes a 0.58-acre land assemblage made up of three parcels arranged in a rectangle shape.
The parcel configuration creates a consolidated corner opportunity, identified as a hard corner. This setup is intended for buyers looking to reimagine the site while retaining the ability to evaluate the existing building as part of the redevelopment plan.
For investors, developers, and owner-users, this combination of an income-capable retail/mixed-use structure and B-1 zoning on a corner parcel may support a range of redevelopment approaches consistent with the B-1 district. Buyers should review the applicable B-1 allowances and site plans for their intended concept, using the included land footprint and existing structure as starting points for planning.
The parcel configuration creates a consolidated corner opportunity, identified as a hard corner. This setup is intended for buyers looking to reimagine the site while retaining the ability to evaluate the existing building as part of the redevelopment plan.
For investors, developers, and owner-users, this combination of an income-capable retail/mixed-use structure and B-1 zoning on a corner parcel may support a range of redevelopment approaches consistent with the B-1 district. Buyers should review the applicable B-1 allowances and site plans for their intended concept, using the included land footprint and existing structure as starting points for planning.
Key Highlights
- 3,596 SF existing structure built in 1920
- B‑1 zoned retail/mixed‑use property
- 0.58 AC land assemblage made up of 3 parcels
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
782
Businesses Nearby
42k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 99%
Electronics 1%
Thorntons
Shops & Services
17,631 visits/mo
0.2 miles
Dollar Tree
Shops & Services
10,911 visits/mo
0.3 miles
Speedway
Shops & Services
10,446 visits/mo
0.1 miles
Valvoline Instant Oil Change
Shops & Services
2,862 visits/mo
0.0 miles
Metro by T-Mobile
Electronics
606 visits/mo
0.2 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
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/mixed-use structure with redevelopment upside on a hard-corner, three-parcel land assemblage.
Where is this retail space located?
The property is located at 671 N BROADWAY Lexington, KY.
What is the asking price?
The asking price for this property is $1,270,000.
What are key features of this property?
This property features: 3,596 SF existing structure built in 1920; B‑1 zoned retail/mixed‑use property; 0.58 AC land assemblage made up of 3 parcels
