2887 Richmond Rd Lexington, KY 40509
For Lease
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This exceptional 1.3-acre commercial property presents a rare opportunity for retail or restaurant development in Lexington, KY. Located on heavily trafficked Richmond Road (40,088 VPD), this outlot boasts excellent street-front visibility and convenient access via two signalized traffic lights and a direct Richmond Road cut-off. A large pylon sign is available exclusively for this site. The 1,555 square feet of vacant space is zoned C1, offering flexibility for various uses. The property's strategic location is within a thriving retail and restaurant corridor, just four miles from the University of Kentucky (30,000+ students and 16,000 employees), and is situated near major retailers including Lowe's, Kroger, Home Depot, and Burlington, as well as popular restaurants such as Chili's, Panera Bread, and Starbucks. The site is also across from a newly constructed retail development featuring First Watch, Skyline Chili, and LaRosa's Pizzeria. This location benefits from a dense residential population and a strong daytime workforce, with nearby employers including Valvoline World Headquarters, Aramark, and International Paper. The property is available for sale, ground lease, or build-to-suit options, making it an ideal investment for a variety of business ventures. The property's parcel number is 25833025. This is a truly unique opportunity to establish a presence in a high-demand area with significant foot traffic and strong consumer demographics.
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Panera Bread Cafe & Coffee Shop
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AT&T Store Mobile Phone Store Electronics & Wireless Store
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Next Level Sports Nutrition (Bike/Boat/Book/etc) Store Pharmacy
ional parking regulations.) (d) Screening. Landscaping and screening shall be provided as required in Article 18 . (e) Lot, Yard, and Height Requirements. Lot and yard requirements shall be as for the Corridor Business (B-3) zone, except for the lot coverage requirement. There shall be no height restriction except when a side or rear yard adjoins a residenti…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B-3 · Lexington, KYional parking regulations.) (d) Screening. Landscaping and screening shall be provided as required in Article 18 . (e) Lot, Yard, and Height Requirements. Lot and yard requirements shall be as for the Corridor Business (B-3) zone, except for the lot coverage requirement. There shall be no height restriction except when a side or rear yard adjoins a residential zone, then a 3:1 height-to-yard ratio. (f) Minimum open space. See Article 20 fo
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.