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Retail Space on Richmond Road
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3124 Richmond Rd, Lexington, KY 40517

2400 SF retail space in Mist Lake Plaza.

Space Size2,400 SF
Days on Market1874

Property Features for 3124 Richmond Rd

General Information

Standard status Active
Size 2,400 SF
Property subtype Retail
Lease Type NNN

Building Details

Building Size 2,400 SF
Year Built 1993
Tenancy Single

Spaces For Lease

at 3124 Richmond Rd Contact us

Suite 3124

Size
2,400 SF
Type
Retail
Lease Type
NNN
Availability
Active
Contact us
Listing Agency: The Gibson Company Commercial Real Estate
Listed By: Christa Collins, CCIM · License #KY 239962
Source: Crexi
Added: Jul 6, 2021 Changed: Aug 14 Last Checked: Aug 21 at 6:15AM

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.

This 2400 square foot retail space is located on Richmond Road in Mist Lake Plaza. The space is mostly open, with a back area that includes a private bathroom, delivery door, and small storage area. The property presents an opportunity to join a dynamic mix of tenants, including the new Texas Roadhouse and Lexington Motorsports, which occupies 125,000 square feet.

Key Highlights

  • Located in Mist Lake Plaza alongside New Texas Roadhouse and Lexington Motorsports.
  • 2,400 sq ft retail space.
  • High‑traffic location on Richmond Road.

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Auto Repair Shop Auto Parts Store HVAC Service Electrical Service

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
$3.00 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,957
Businesses Nearby
437k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 47% Shops & Services 29% Groceries 19% Beauty & Spa 1%
Kroger Groceries
71,205 visits/mo 0.3 miles
Texas Roadhouse Dining
44,641 visits/mo 0.1 miles
Gabe's Shops & Services
28,049 visits/mo 0.1 miles
Speedway Shops & Services
26,290 visits/mo 0.4 miles
Wendy's Dining
24,492 visits/mo 0.3 miles

Demographics for 40517, KY

37,751
Population
18,306
Households
2.1
Avg Household Size
33
Median Age
41%
College-Educated
92%
High-School Grad
6.2 sq mi
ZIP Area
6,089
Density / Sq Mi
$51,778
Median Household Income
$35,010
Median Earnings
$1,092
Median Rent
$196,300
Median Home Value

Market

Lease Benchmarks for Lexington, KY

$42.47 /SF/Yr
Avg Asking Price
$9–$556 /SF/Yr
Price Range
14,127 SF
Avg Space Size

This space is priced 53% below the average of $42.47 /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
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Frequently Asked Questions

What type of property is this?
Retail space - 2400 SF retail space in Mist Lake Plaza.
Where is this retail space located?
The property is located at 3124 Richmond Rd Lexington, KY.
What is the lease rate?
The lease rate is $20 SF/Yr.
What are key features of this property?
This property features: Located in Mist Lake Plaza alongside New Texas Roadhouse and Lexington Motorsports.; 2,400 sq ft retail space.; High‑traffic location on Richmond Road.
(859) 321-3552 Call to check price and availability
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