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    2325 Nicholasville Rd Lexington, KY 40503

    For Lease
    $22 SF/Yr

    Lexington Retail Center, High Traffic Area

    Lot size:
    189,418 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    Regency Centre, located at 2325 Nicholasville Rd, Lexington, KY 40503, presents a prime retail opportunity. This established center boasts a total of 189,418 square feet across six single-story buildings, offering a diverse range of spaces for businesses. Currently, one retail space of 944 square feet is available for lease. The property is zoned COMMERCIAL and enjoys a highly desirable location between Fayette Mall and the University of Kentucky, ensuring significant foot traffic and visibility. The center benefits from strong anchor tenants including Kroger, Michaels, and T.J. Maxx, creating a vibrant and successful retail environment. This strategic positioning provides excellent access to a large customer base, making it an ideal location for a variety of retail businesses. The property's multiple building configuration offers flexibility for various business needs. This is a rare opportunity to secure a space in a thriving, well-established retail center with exceptional visibility and access to a substantial customer base in a high-growth area of Lexington. The available space is ready for immediate occupancy.

    Property Features for 2325 Nicholasville Rd

    General Information

    Property type
    Shopping centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    189,418 SF
    Total Rate
    355158.75

    Building Details

    Buildings
    6
    Stories
    1

    Unit(s) available at that property

    Space
    171 W Lowry Ln- Suite 160
    Size
    944 SF
    Rate per SF
    $22
    Property Profile Location Intelligence

    Current Use by Public Records

    Regency Center Shopping Mall

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Fayette
    State
    Kentucky
    Longitude
    -84.518811
    Latitude
    38.0051304

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    FAQs

    What type of property is this?
    Shopping center - Lexington Retail Center, High Traffic Area
    Where is this shopping center located?
    The property is located at 2325 Nicholasville Rd Lexington, KY.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    Request Owner's contact information
    2325 Nicholasville Rd Lexington, KY 40503
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    Lexington, KY 40503
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2325 Nicholasville Rd Lexington, KY 40503
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