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    3865 Mall Rd Lexington, KY 40503

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    For Lease
    Contact for pricing

    5,000 SF Retail Pad, Prime Location

    Lot size:
    5,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 5,000 square foot retail pad is available for lease in a high-traffic area of Lexington, Kentucky. Situated on Mall Road, this single-tenant property benefits from its adjacency to Fayette Mall, a major regional shopping center boasting over 150 stores across 87 acres. The property's B-6P zoning, designated for Planned Shopping Centers, ensures flexibility for a variety of retail uses. The location offers unparalleled visibility and accessibility, surrounded by a dense concentration of established retailers and restaurants, including major anchors such as Macy's, JCPenney, Dillard's, Dick's Sporting Goods, Old Navy, Lowe's, and a Walmart Supercenter. Further enhancing the property's appeal is its proximity to a Cinemark 16-screen theatre and numerous popular dining establishments. The surrounding trade area encompasses a substantial 2,147,714 square feet of retail space, exhibiting an impressive occupancy rate exceeding 97%, indicating a robust and thriving commercial environment. This outparcel presents a unique opportunity to establish a presence in a highly desirable and densely populated retail corridor within Fayette County, Kentucky, zip code 40503. The property is located at 3865 Mall Road.

    Property Features for 3865 Mall Rd

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,000 SF

    Unit(s) available at that property

    Space
    Available Suite
    Size
    5,000 SF

    HighLights

    • New retail center space available for lease.
    • High‑traffic location adjacent to Fayette Mall, a 1.2M SF regional mall with over 150 stores, plus a Walmart Supercenter and Lowe's.
    • Strong co‑tenancy including Macy's, JCPenney, Dillard's, Dick's Sporting Goods, and numerous restaurants.
    • High‑traffic outparcel location on Mall Road, directly adjacent to The Plaza at Fayette Mall.
    • Benefits from significant traffic generated by Lowe's, Walmart, Cinemark, and Fayette Mall.
    • Trade area boasts over 2.1M SF with 97%+ occupancy.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Fayette
    State
    Kentucky
    Longitude
    -84.531997
    Latitude
    37.9827811

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    FAQs

    What type of property is this?
    Individual retail property - 5,000 SF Retail Pad, Prime Location
    Where is this individual retail property located?
    The property is located at 3865 Mall Rd Lexington, KY.
    What are key features of this property?
    This property features: New retail center space available for lease.; High-traffic location adjacent to Fayette Mall, a 1.2M SF regional mall with over 150 stores, plus a Walmart Supercenter and Lowe's.; Strong co-tenancy including Macy's, JCPenney, Dillard's, Dick's Sporting Goods, and numerous restaurants.
    Request Owner's contact information
    3865 Mall 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
    3865 Mall Rd Lexington, KY 40503
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