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    395 Elaine Dr Lexington, KY 40504

    Sponsored
    For Lease
    $18 SF/Yr ($1,819 /Mo)

    High-traffic retail space, ready for lease.

    Lot size:
    1,180 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1,180-square-foot retail space is available for lease at 395 Elaine Drive in Lexington, Kentucky. Located in Fayette County (APN 38239370), this property boasts a convenient location off S. Broadway, directly behind a Dunkin' Donuts, ensuring high visibility and foot traffic. The single-story, Class B building (built in 2010) sits on a 0.48-acre lot and offers ample parking with 28 spaces. Currently configured as a chiropractic office, the space includes a reception area, a private office, an x-ray room, a break/copy room, a restroom, and two open areas ideal for patient therapy or adaptable to various retail uses. The zoning is B-1 Neighborhood Business, allowing for a wide range of commercial activities. The lease rate is $18.50 per square foot, plus a $4.00 per square foot CAM charge. The entire 1,180 square feet is currently vacant and ready for immediate occupancy. This property presents a fantastic opportunity for businesses seeking a well-located, versatile retail space in a thriving Lexington neighborhood. The property features one building with multiple tenancies.

    Property Features for 395 Elaine Dr

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,180 SF
    Class
    B
    Total Rate
    1819.17

    Building Details

    Year Built
    2010
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Suite 110
    Size
    1,180 SF
    Rate per SF
    $18

    HighLights

    • B‑1 Neighborhood Business zoning.
    • Municipal water service available.
    • Municipal sewer system.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hanger Clinic: Prosthetics ... Orthotics & Prosthetics Service Stryker Orthopaedics Medical Supply Store Dr. Arthur Pangemanan Chiropractor Susan Gore Chiropractor

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Dental Office 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
    -84.5212768
    Latitude
    38.0340049

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    FAQs

    What type of property is this?
    Retail property - High-traffic retail space, ready for lease.
    Where is this retail property located?
    The property is located at 395 Elaine Dr Lexington, KY.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: B-1 Neighborhood Business zoning.; Municipal water service available.; Municipal sewer system.
    Request Owner's contact information
    395 Elaine Dr 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
    395 Elaine Dr Lexington, KY 40504
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