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    3401 Nicholasville Rd Lexington, KY 40503

    Sponsored
    For Lease
    Contact for pricing

    Lexington Lifestyle Center Office Space

    Lot size:
    215,745 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    The Plaza at Fayette offers exceptional office space within a vibrant, open-air lifestyle center adjacent to Fayette Mall in Lexington, Kentucky. Two available suites range from 3,999 to 7,200 square feet, ideal for various office needs, including executive, medical, coworking, creative, and traditional office setups. This 215,745 square foot property benefits from a strong location within a thriving retail and entertainment hub, featuring restaurants and a 16-screen Cinemark movie theatre. Lexington's robust economy, fueled by major corporations like Toyota, Amazon, and IBM, and a high household income of nearly $68,000, ensures a strong tenant base. The area boasts a highly educated workforce, ranking among the nation's best places to live and work, further enhancing the property's appeal. The proximity to the University of Kentucky, with over 30,000 students, provides a large potential customer base. This prime location, combined with the diverse amenities and strong economic indicators, makes The Plaza at Fayette an unparalleled opportunity for businesses seeking a prestigious and convenient office space in a dynamic market. The property is situated in Fayette County and offers multiple tenancy options.

    Property Features for 3401 Nicholasville Rd

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    215,745 SF

    Unit(s) available at that property

    Space
    1100
    Size
    7,200 SF
    Space
    1080
    Size
    3,999 SF

    HighLights

    • Retail, office, and restaurant space available in a 215,745 square foot building.
    • Two suites available, ranging from 3,999 to 7,200 square feet.
    • Located in Fayette County, adjacent to Fayette Mall, a premier shopping destination.
    • Part of an open‑air lifestyle center with retailers, restaurants, and a 16‑screen Cinemark movie theatre.
    • Strong demographics: high household income, major corporations, and numerous colleges and universities nearby.
    Property Profile Location Intelligence

    Current Use by Public Records

    Go! Calendars Gift Shop Missy's Hallmark Gift Shop Dippin' Dots Ice Cream Shop I-Repair Auto Repair Shop Ashcroft & Oak® Jewelers Jewelry Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Fayette
    State
    Kentucky
    Longitude
    -84.5271339
    Latitude
    37.9906109

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    FAQs

    What type of property is this?
    Restaurant - Lexington Lifestyle Center Office Space
    Where is this restaurant located?
    The property is located at 3401 Nicholasville Rd Lexington, KY.
    What are key features of this property?
    This property features: Retail, office, and restaurant space available in a 215,745 square foot building.; Two suites available, ranging from 3,999 to 7,200 square feet.; Located in Fayette County, adjacent to Fayette Mall, a premier shopping destination.
    Request Owner's contact information
    3401 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
    3401 Nicholasville Rd Lexington, KY 40503
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