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    2907 Richmond Rd Lexington, KY 40509

    Sponsored
    For Lease
    $22 SF/Yr

    Prime Lexington retail, 18 acres, high visibility.

    Lot size:
    172,865 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Lakeview Plaza, located at 2907 Richmond Rd, Lexington, KY 40509 (SEC Richmond Rd & Tabor Rd), presents a significant retail investment opportunity. This single-story, 172,865 square foot shopping center sits on a substantial 18-acre lot and boasts 736 parking spaces, ensuring ample customer convenience. Built in 1979, the property is zoned B-3, allowing for a variety of commercial uses. Currently, there is 7,719 square feet of vacant space available, offering immediate potential for expansion or new tenants. The property's multiple tenancy structure provides a diverse income stream and a strong foundation for future growth. Its high-traffic location at the intersection of Richmond Rd and Tabor Rd guarantees excellent visibility and accessibility for businesses. This is a rare opportunity to acquire a well-established retail center with significant upside potential in a thriving Kentucky market. The property's size and location make it ideal for a variety of retail uses, from large anchor stores to smaller specialty shops. The substantial parking area further enhances its appeal to both tenants and customers. Interested parties should note the available outlot and in-line space.

    Property Features for 2907 Richmond Rd

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    172,865 SF
    Total Rate
    316919.17

    Building Details

    Year Built
    1979
    Stories
    1

    Unit(s) available at that property

    Space
    Potential Outlot
    Size
    43,560 SF
    Space
    Available Space 2
    Size
    3,150 SF
    Rate per SF
    $22

    HighLights

    • NEW 82,688 SF Floor & Decor opening soon.
    • Two 1‑acre outlots available for development.
    • 7,719 SF of retail space currently available for lease.
    Property Profile Location Intelligence

    Current Use by Public Records

    Sante Construction LLC Fence Contractor Golden Buffet - Chinese Restaurant

    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
    -84.448731
    Latitude
    38.0046327

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    FAQs

    What type of property is this?
    Lifestyle center - Prime Lexington retail, 18 acres, high visibility.
    Where is this lifestyle center located?
    The property is located at 2907 Richmond Rd Lexington, KY.
    What is the lease rate?
    The lease rate is $0.00-$22 SF/Yr.
    What are key features of this property?
    This property features: NEW 82,688 SF Floor & Decor opening soon.; Two 1-acre outlots available for development.; 7,719 SF of retail space currently available for lease.
    Request Owner's contact information
    2907 Richmond Rd Lexington, KY 40509
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    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
    2907 Richmond Rd Lexington, KY 40509
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