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    3101 Richmond Rd Lexington, KY 40509

    Sponsored
    For Lease
    $22 SF/Yr

    High-traffic retail space, 5 units available.

    Lot size:
    211,072 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Class A power center, located at 3101 Richmond Road in Lexington, Kentucky, offers 211,072 square feet of retail space. Currently, there are five available units, with a minimum divisible space of 754 square feet and a maximum contiguous space of 7,000 square feet. A total of 11,404 square feet is currently vacant, presenting a significant opportunity for expansion or new tenancy. The property sits on a substantial 25.48-acre lot and boasts ample parking with 1,257 spaces available for customers and employees. Its prime location in Fayette County, easily accessible from Richmond Road, ensures high visibility and significant foot traffic. The property is categorized as a multi-tenant retail space, ideal for a variety of businesses seeking a high-profile location in a thriving market. The property's size and amenities make it suitable for a range of retail concepts. This is a rare opportunity to secure space in a well-established, high-performing retail center in Lexington, Kentucky. The zip code is 40509.

    Property Features for 3101 Richmond Rd

    General Information

    Property type
    Power centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    211,072 SF
    Class
    A
    Total Rate
    386965.33

    Unit(s) available at that property

    Space
    3063 Richmond Rd, Suite C (Space 49)
    Size
    754 SF
    Rate per SF
    $28
    Space
    115 N Locust Hill, Suite 114
    Size
    1,000 SF
    Rate per SF
    $22
    Space
    3101 Richmond Rd, Suite 311B (Space 35B)
    Size
    1,100 SF
    Rate per SF
    $22
    Space
    3101 Richmond Rd, Suite 304
    Size
    1,400 SF
    Rate per SF
    $24
    Space
    3101 Richmond Rd, Suite 307
    Size
    2,100 SF
    Rate per SF
    $22

    HighLights

    • Kroger Marketplace anchored center.
    • 25.48‑acre site.
    • 211,072 square feet of gross leasable area (GLA).
    • 53,400 vehicles daily traffic count.
    • 1,257 parking spaces.
    • 96% occupancy rate.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bryon Elkins: Allstate ... Insurance Agency Edible Arrangements Caterer Crush 24/7 Physical Fitness Program Golden Wok Chinese Restaurant Kroger Fuel Center Gas Station

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop 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
    -84.4449492
    Latitude
    38.0032506

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    FAQs

    What type of property is this?
    Power center - High-traffic retail space, 5 units available.
    Where is this power center located?
    The property is located at 3101 Richmond Rd Lexington, KY.
    What is the lease rate?
    The lease rate is $22-$28 SF/Yr.
    What are key features of this property?
    This property features: Kroger Marketplace anchored center.; 25.48-acre site.; 211,072 square feet of gross leasable area (GLA).
    Request Owner's contact information
    3101 Richmond Rd Lexington, KY 40509
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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
    3101 Richmond Rd Lexington, KY 40509
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