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    3401 Nicholasville Rd Lexington, KY 40503

    Sponsored
    For Lease
    Contact for pricing

    Lexington, KY Shopping Center Opportunity

    Lot size:
    1,190,985 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail opportunity is located within Fayette Mall, a premier shopping center in Lexington, Kentucky. The property boasts over 1,190,985 square feet of total building space situated on 86.64 acres in Fayette County. Two available spaces range from 1,300 to 2,073 square feet, ideal for a variety of retail uses. The mall itself features over 170 national, regional, and local brands, complemented by an open-air lifestyle center with dining options and a 16-screen Cinemark movie theater. This thriving location benefits from Lexington's robust economy, fueled by a strong horse industry contributing $5 billion annually, and a high household income exceeding $68,000. Major corporations like Toyota, Amazon, and IBM, along with the presence of 12 major colleges and universities (including the University of Kentucky with over 30,000 students), create a significant and diverse consumer base. Lexington's consistent high rankings in national "Best Places" lists further solidify its appeal as a desirable location for businesses and residents alike. This property presents a unique chance to establish a presence in a dynamic and successful retail environment within a city known for its economic strength and high quality of life. The strategic location and established tenant mix offer significant potential for growth and return on investment.

    Property Features for 3401 Nicholasville Rd

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,190,985 SF

    Unit(s) available at that property

    Space
    C-322
    Size
    2,073 SF
    Space
    B-223
    Size
    1,300 SF

    HighLights

    • Retail property in Fayette Mall, Lexington, KY, offering two available spaces ranging from 1,300 to 2,073 square feet.
    • 1,190,985 square foot shopping center on 86.64 acres in Fayette County.
    • Strong local economy fueled by a $5 billion annual horse industry and major corporate employers like Toyota, Amazon, and IBM, resulting in high household incomes exceeding $68,000.
    • Prime location near 12 major colleges and universities, including the University of Kentucky with over 30,000 students.
    • Lexington consistently ranks among the nation's best places to live and work, based on factors such as workforce education, family‑friendliness, and business opportunities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Go! Calendars Gift Shop Missy's Hallmark Gift Shop Dippin' Dots Ice Cream Shop I-Repair Auto Repair Shop Ashcroft & Oak® Jewelers Jewelry Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Fayette
    State
    Kentucky
    Longitude
    -84.527523
    Latitude
    37.9895772

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    FAQs

    What type of property is this?
    Lifestyle center - Lexington, KY Shopping Center Opportunity
    Where is this lifestyle center located?
    The property is located at 3401 Nicholasville Rd Lexington, KY.
    What are key features of this property?
    This property features: Retail property in Fayette Mall, Lexington, KY, offering two available spaces ranging from 1,300 to 2,073 square feet.; 1,190,985 square foot shopping center on 86.64 acres in Fayette County.; Strong local economy fueled by a $5 billion annual horse industry and major corporate employers like Toyota, Amazon, and IBM, resulting in high household incomes exceeding $68,000.
    Request Owner's contact information
    3401 Nicholasville 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
    3401 Nicholasville Rd Lexington, KY 40503
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