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    2573 Richmond Rd Lexington, KY 40509

    Sponsored
    For Lease
    $20 SF/Yr

    Lexington Retail Center: Multiple spaces available.

    Lot size:
    37,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    French Quarter Square, located at 2573 Richmond Rd, Lexington, KY 40509, offers exceptional retail and restaurant opportunities. This prime location boasts two single-story buildings totaling 37,500 square feet, situated near New Circle Rd. Currently, the center houses a mix of tenants, including Sun Tan City and Posh Salon & Spa, along with other specialty shops and service businesses. The property is zoned B-3, offering flexibility for various uses. Individual spaces range from a minimum of 969 square feet to a maximum contiguous space of 4,258 square feet, with 13,522 square feet currently vacant. This presents a unique chance to establish a presence in a thriving commercial area. The property's convenient location and existing tenant mix create a strong foundation for success. The proximity to a 155-key Doubletree by Hilton hotel further enhances the area's appeal and foot traffic. The property's APN is 10039150. This is an excellent opportunity for businesses seeking high visibility and a strong customer base in a well-established Lexington commercial center. Contact us today to learn more about available spaces and leasing options.

    Property Features for 2573 Richmond Rd

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    37,500 SF
    Total Rate
    62500

    Building Details

    Buildings
    2
    Stories
    1

    Unit(s) available at that property

    Space
    Suite 100
    Size
    4,258 SF
    Rate per SF
    $35
    Space
    Suite 150
    Size
    1,829 SF
    Rate per SF
    $25
    Space
    Suite 350
    Size
    980 SF
    Rate per SF
    $20
    Space
    Suite 360
    Size
    2,925 SF
    Rate per SF
    $20
    Space
    Suite 390
    Size
    2,561 SF
    Rate per SF
    $25
    Space
    Suite 340
    Size
    969 SF

    HighLights

    • 37,500 square feet of retail/office space in two single‑story buildings.
    • Anchored by Sun Tan City and Posh Salon & Spa.
    • 980 - 4,258 square feet available for lease.
    • Prime location at Richmond Rd and New Circle Rd, Lexington, KY.
    • High traffic count of approximately 44,059 vehicles per day.
    • Adjacent to a 155‑key Doubletree by Hilton hotel.
    Property Profile Location Intelligence

    Current Use by Public Records

    Prometric Tutoring Service Posh Shaves & Fades Barber Shop Delaney Pharmacy Pharmacy Painting with a Twist Painting Studio Nadia's Elegant Events Event Planner

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage 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
    -84.4551285
    Latitude
    38.0112016

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    FAQs

    What type of property is this?
    Restaurant - Lexington Retail Center: Multiple spaces available.
    Where is this restaurant located?
    The property is located at 2573 Richmond Rd Lexington, KY.
    What is the lease rate?
    The lease rate is $0.00-$35 SF/Yr.
    What are key features of this property?
    This property features: 37,500 square feet of retail/office space in two single-story buildings.; Anchored by Sun Tan City and Posh Salon & Spa.; 980 - 4,258 square feet available for lease.
    Request Owner's contact information
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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
    2573 Richmond Rd Lexington, KY 40509
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