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    685 Limestone Lexington, KY 40508

    For Lease
    $30 SF/Yr

    Prime Retail Space, UK Campus, 3,478 SF

    Lot size:
    305,420 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional retail opportunity is located within the HUB On Campus Lexington Limestone development, a vibrant 305,420 square foot complex built in 2020. Situated at 685 S Limestone, Lexington, KY 40508, and conveniently located near Virginia Avenue, this property offers a single available storefront space totaling 3,478 square feet. Ideal for a variety of retail uses, including restaurants, this space benefits from its prime location on the University of Kentucky campus, ensuring high foot traffic and visibility. The building itself is a modern, single-structure development, providing a contemporary setting for any business. The property's strategic placement within a bustling campus environment offers unparalleled access to a large and diverse customer base. This is a rare chance to establish a thriving business in a high-demand location with excellent visibility and accessibility. The space is ready for immediate occupancy, presenting a turnkey solution for businesses seeking a well-established and highly visible retail presence. Interested parties are encouraged to inquire for further details and to schedule a viewing.

    Property Features for 685 Limestone

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    305,420 SF
    Total Rate
    763550

    Building Details

    Year Built
    2020
    Buildings
    1

    Unit(s) available at that property

    Space
    Suite 110
    Size
    3,478 SF
    Rate per SF
    $30

    HighLights

    • 305,420 SF mixed‑use property with 186 residential units (568 beds) and retail space.
    • 12,195 SF of ground‑floor retail space.
    • 3,478 SF of retail space available for lease.
    • Corner location at Limestone and Virginia Avenue.
    • Across from University of Kentucky campus and UK Medical Center.
    • High‑visibility, signalized intersection with strong traffic.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bank of America ATM Atm Bad Ass Coffee ... Coffee Shop Which Wich Superior ... Sandwich Shop Hub Limestone Student Housing Center Which Wich The Hub Sandwich Shop

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Law Firm Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Fayette
    State
    Kentucky
    Longitude
    -84.5084751
    Latitude
    38.0352838

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    FAQs

    What type of property is this?
    Individual retail property - Prime Retail Space, UK Campus, 3,478 SF
    Where is this individual retail property located?
    The property is located at 685 Limestone Lexington, KY.
    What is the lease rate?
    The lease rate is $30 SF/Yr.
    What are key features of this property?
    This property features: 305,420 SF mixed-use property with 186 residential units (568 beds) and retail space.; 12,195 SF of ground-floor retail space.; 3,478 SF of retail space available for lease.
    Request Owner's contact information
    685 Limestone Lexington, KY 40508
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    Lexington, KY 40508
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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
    685 Limestone Lexington, KY 40508
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