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    1009-1017 Wellington Way Lexington, KY 40513

    For Lease
    $35 SF/Yr

    Prime Lexington retail space, 1,200-5,000 SF available.

    Lot size:
    16,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This Class A retail center, totaling 16,500 square feet, presents a unique investment opportunity in Lexington, Kentucky. Located at 1009-1017 Wellington Way, this multi-tenant property sits on a 1.7-acre lot and offers spaces ranging from a minimum of 1,200 square feet to a maximum contiguous space of 5,000 square feet. Built in 2020, the center boasts a desirable B-1, Neighborhood Business zoning designation within Fayette County. Its strategic location at the intersection of Harrodsburg Road and Wellington Way provides excellent visibility and accessibility. The property is situated near Palomar Center, offering convenient access to a high-traffic area. Furthermore, its proximity to Keeneland Racetrack and Blue Grass Airport enhances its appeal to a wide range of businesses. This is an exceptional opportunity to secure retail space in a thriving Lexington neighborhood, within a high-value zip code (40513). The property's modern construction and prime location make it an ideal choice for businesses seeking high visibility and strong foot traffic. The flexible space options cater to a variety of retail needs.

    Property Features for 1009-1017 Wellington Way

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    16,500 SF
    Class
    A
    Total Rate
    48125

    Building Details

    Year Built
    2020

    Unit(s) available at that property

    Space
    Suite 1
    Size
    5,000 SF
    Rate per SF
    $35

    HighLights

    • 16,500 SF Class A retail center in Lexington, KY.
    • Multi‑tenant building on a 1.7‑acre lot with spaces ranging from 1,200 to 5,000 SF.
    • Located at 1009‑1017 Wellington Way, near Harrodsburg Rd, across from Panera Bread and LA Fitness.
    • Excellent visibility and accessibility, adjacent to Palomar Center, near Keeneland and Blue Grass Airport.
    • B‑1 zoning, high traffic counts (approx. 31,582 VPD on Harrodsburg Rd), $35/SF NNN rental rate.
    Property Profile Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon 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
    -84.5690994
    Latitude
    38.0052982

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    FAQs

    What type of property is this?
    Neighborhood center - Prime Lexington retail space, 1,200-5,000 SF available.
    Where is this neighborhood center located?
    The property is located at 1009-1017 Wellington Way Lexington, KY.
    What is the lease rate?
    The lease rate is $35 SF/Yr.
    What are key features of this property?
    This property features: 16,500 SF Class A retail center in Lexington, KY.; Multi-tenant building on a 1.7-acre lot with spaces ranging from 1,200 to 5,000 SF.; Located at 1009-1017 Wellington Way, near Harrodsburg Rd, across from Panera Bread and LA Fitness.
    Request Owner's contact information
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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
    1009-1017 Wellington Way Lexington, KY 40513
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