Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    4371 Old Harrodsburg Rd Lexington, KY 40513

    For Lease
    $20 SF/Yr

    Prime Fayette County retail/restaurant opportunity.

    Lot size:
    51,509 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    South Elkhorn Village offers exceptional retail and restaurant spaces in a thriving Fayette County location. This Class A property, built in 2007, comprises five single-story buildings totaling 51,509 square feet. The development features a strong tenant mix of service and food-oriented businesses, creating a vibrant and synergistic community atmosphere. Three spaces are currently available, ranging from 1,989 to 4,287 contiguous square feet, offering flexibility for various business needs. The minimum divisible space is 1,989 square feet. The property benefits from its strategic location on the Harrodsburg Road corridor, experiencing high daily traffic volume exceeding 30,000 vehicles. Ample parking is provided with 295 spaces. The property is zoned B-6P and boasts a low tax rate of $0.53 per square foot. No elevators are present in the buildings. This is an ideal opportunity for businesses seeking high visibility and a strong community presence in a well-established retail center. The property's established tenant base and high traffic count make it an attractive investment for businesses looking to establish or expand their presence in a thriving market.

    Property Features for 4371 Old Harrodsburg Rd

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    51,509 SF
    Class
    A
    Total Rate
    85848.33

    Building Details

    Year Built
    2007
    Buildings
    5
    Stories
    1

    Unit(s) available at that property

    Space
    4371 - 130
    Size
    1,989 SF
    Rate per SF
    $20
    Space
    4383 - 115
    Size
    3,361 SF
    Rate per SF
    $20
    Space
    4379 - 110
    Size
    4,287 SF
    Rate per SF
    $25

    HighLights

    • Class A retail/restaurant space totaling 51,509 square feet.
    • Five single‑story buildings with 295 parking spaces.
    • Multiple tenancies available, ranging from 1,989 to 4,287 contiguous square feet.
    • Located in Fayette County on the high‑traffic Harrodsburg Road corridor (over 30,000 vehicles daily).
    • Built in 2007, with B‑6P zoning.
    • Annual property taxes are $0.53 per square foot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Nails pro Nail Salon Shelter Insurance - Tony ... Insurance Agency El Charro Authentic ... Restaurant Beltone Hearing Aid ... Hearing Aid Store Greentree Animal Hospital Veterinarian

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Auto Repair Shop Hair Salon Clothing Store 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
    -84.5852225
    Latitude
    37.9972973

    Nearby Similar for Lease

    • $650 /Mo
      30,492 SF

      Downtown Lexington Coworking Space

      Flexible private offices in downtown Lexington with various amenities.
      110 W Vine St, Lexington, KY 40507
      View Details
    • $650 /Mo
      2,050 SF

      Premier Office Condo on Man O'War

      Turnkey office condo with visibility on Man O' War Boulevard.
      525 Darby Creek Rd, Lexington, KY 40509
      View Details
    • New
      $625 /Mo
      50,000 SF

      Private Office Spaces For Lease

      Three private office spaces available in Lexington, Kentucky.
      1500 Leestown Rd, Lexington, KY 40511
      View Details
    • New
      $2,500 /Mo
      Pending

      Versatile Office Space For Rent

      Handicap accessible office space near Hamburg with many possible uses.
      507 Darby Crk Rd Unit, Lexington, KY 40509
      View Details
    • $15 SF/Yr
      2,172 SF

      Prime Office/Showroom on New Circle

      Move-in ready office/retail space with high visibility near Nicholasville Road.
      2577 Regency Rd, Lexington, KY 40503
      View Details
    • $19 SF/Yr
      6,848 SF

      Downtown Lexington Creative Office Space

      Renovated historic building with modern amenities in downtown Lexington.
      146 E Third St, Lexington, KY 40508
      View Details

    FAQs

    What type of property is this?
    Restaurant - Prime Fayette County retail/restaurant opportunity.
    Where is this restaurant located?
    The property is located at 4371 Old Harrodsburg Rd Lexington, KY.
    What is the lease rate?
    The lease rate is $20-$25 SF/Yr.
    What are key features of this property?
    This property features: Class A retail/restaurant space totaling 51,509 square feet.; Five single-story buildings with 295 parking spaces.; Multiple tenancies available, ranging from 1,989 to 4,287 contiguous square feet.
    Request Owner's contact information
    4371 Old Harrodsburg Rd Lexington, KY 40513
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4371 Old Harrodsburg Rd
    Lexington, KY 40513
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    4371 Old Harrodsburg Rd Lexington, KY 40513
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.