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    1080 Broadway Lexington, KY 40504

    Sponsored
    For Lease
    $20 SF/Yr

    High-traffic retail space available in Lexington, KY.

    Lot size:
    22,171 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Simpson Center, located at 1080 S Broadway in Lexington, Kentucky (zip code 40504), offers a prime retail space opportunity. This multi-tenant retail center totals 22,171 square feet, with 1,740 square feet currently vacant and available for lease. The property is zoned B-1, Neighborhood Business, and is situated at the intersection of South Broadway and Simpson Avenue in Fayette County. The center enjoys a high-traffic location, benefiting from an average daily traffic count of approximately 34,186 vehicles (data from 2018). Its strategic location provides excellent visibility and accessibility, placing it in close proximity to the University of Kentucky, numerous student housing complexes, Saint Joseph Hospital, Lexington Clinic, and downtown Lexington. Established tenants include First Watch, Buffalo Wild Wings, and Gumbo YaYa, creating a strong and diverse tenant mix. The available space presents a unique chance to establish a business within a thriving retail environment, surrounded by a significant population base and high foot traffic. The property's size and location make it suitable for a variety of retail or restaurant uses. Interested parties should inquire about lease terms and conditions.

    Property Features for 1080 Broadway

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    22,171 SF
    Total Rate
    36951.67

    Unit(s) available at that property

    Space
    Suite 107
    Size
    1,740 SF
    Rate per SF
    $20

    HighLights

    • 22,171 SF retail center adjacent to South Broadway Marketplace.
    • 1,740 SF second‑generation restaurant endcap available January 1, 2025.
    • Excellent location near UK campus, student housing, Saint Joseph Hospital, and Lexington Clinic.
    • 1.5 miles from downtown Lexington.
    • Multiple points of access.
    • Strong tenant mix including First Watch, Buffalo Wild Wings, and Penn Station Subs.
    Property Profile Location Intelligence

    Current Use by Public Records

    Tech Space (Formerly ... Computer Repair Service First Watch Breakfast Restaurant Penn Station East ... Sandwich Shop LibertyX Bitcoin Cashier Atm TSAOCHA Bubble Tea Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Fayette
    State
    Kentucky
    Longitude
    -84.5173035
    Latitude
    38.03690172

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    FAQs

    What type of property is this?
    Retail property - High-traffic retail space available in Lexington, KY.
    Where is this retail property located?
    The property is located at 1080 Broadway Lexington, KY.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: 22,171 SF retail center adjacent to South Broadway Marketplace.; 1,740 SF second-generation restaurant endcap available January 1, 2025.; Excellent location near UK campus, student housing, Saint Joseph Hospital, and Lexington Clinic.
    Request Owner's contact information
    1080 Broadway Lexington, KY 40504
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    Lexington, KY 40504
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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
    1080 Broadway Lexington, KY 40504
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