New Construction Divisible Retail
For Lease
$32 SF/Yr
2887 Richmond Road, Lexington, KY 40509
Commercial Lease, Lexington, KY
Space Size1,200 SF - 8,400 SF
Lot Size1.30 Acres
Days on Market235
Property Features for 2887 Richmond Road
General Information
Property type
Commercial Lease
Property subtype
Retail
Property condition
Under Construction
Zoning
B-3
Zoning description
B-3 - HIGHWAY SERVICE BUSINESS
Subdivision
Commercial
Directions
Going east on New Circle Road, take exit 15 onto US-421, turn right onto Richmond Road, turn left onto Old Todds Road, take your first right and the property will be on your left.
Standard status
Active
APN
382931700
Size
8,400 SF
Lot size
1.30 Acres
Amenities
dedicated curb cut
access via two signalized intersections
Building Details
Year built
2026
Listing Agency:
Keller Williams Commonwealth · Keller Williams Realty
(859) 721-2121
Listed By:
Bryan Little · License #217370
(859) 619-4969
Added: Jan 26
Changed: Sep 12
Last Checked: Sep 18 at 11:06PM
MLS# 26001750
Copyright © 2026 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Available for lease, this under-construction retail project is planned for completion in 2026 and offers divisible space ranging from 1,200 to 8,400 square feet. The property sits on 1.3 acres, carries B-3 zoning, and is designed for retail users seeking a new-build setting along Richmond Road.
The site benefits from frontage and visibility on Richmond Road, reported at 40,088 VPD, with a dedicated curb cut and access through two signalized intersections. It is positioned in front of Lowe's and across from a new retail center anchored by First Watch, Skyline Chili, and LaRosa's Pizzeria. Valvoline World Headquarters and the University of Kentucky are also identified in the surrounding context.
The site benefits from frontage and visibility on Richmond Road, reported at 40,088 VPD, with a dedicated curb cut and access through two signalized intersections. It is positioned in front of Lowe's and across from a new retail center anchored by First Watch, Skyline Chili, and LaRosa's Pizzeria. Valvoline World Headquarters and the University of Kentucky are also identified in the surrounding context.
Key Highlights
- 1,200 to 8,400 SF of divisible retail space
- New construction scheduled for 2026; currently under construction
- 1.3‑acre site with B‑3 zoning
Property Analytics
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Open Analytics
Current Use
Lease Details
40,088 VPD
Traffic count
Yes
Paved road access
NNN (Triple Net)
Lease Type
$4.80 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
1,429
Businesses Nearby
542k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 53%
Shops & Services 20%
Groceries 15%
Home Improvements & Furnishings 7%
Kroger
Groceries
71,205 visits/mo
0.5 miles
Texas Roadhouse
Dining
44,641 visits/mo
0.5 miles
Lowe's
Home Improvements & Furnishings
29,706 visits/mo
0.1 miles
Speedway
Shops & Services
26,290 visits/mo
0.1 miles
Wendy's
Dining
24,492 visits/mo
0.2 miles
Demographics for 40509, KY
44,572
Population
19,802
Households
2.3
Avg Household Size
36
Median Age
57%
College-Educated
95%
High-School Grad
47.8 sq mi
ZIP Area
932
Density / Sq Mi
$89,429
Median Household Income
$52,489
Median Earnings
$1,317
Median Rent
$338,200
Median Home Value
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Market
Lease Benchmarks for Lexington, KY
$33.4 /SF/Yr
Avg Asking Price
$8–$556 /SF/Yr
Price Range
40,992 SF
Avg Space Size
This space is priced 4% below the average of $33.4 /SF/Yr.
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Retail space - Under-construction retail space with flexible divisibility and access from two signalized intersections.
Where is this retail space located?
The property is located at 2887 Richmond Road Lexington, KY.
What is the lease rate?
The lease rate is $32 SF/Yr.
What are key features of this property?
This property features: 1,200 to 8,400 SF of divisible retail space; New construction scheduled for 2026; currently under construction; 1.3‑acre site with B‑3 zoning
