535 Upper St Lexington, KY 40508
This exceptional 982-square-foot retail space is available for lease in Lexington, Kentucky. Located at 535 S Upper St, this single-tenant property boasts a prime location within the Centrecourt mixed-use development, offering convenient access to both the University of Kentucky campus and the downtown area. Built in 2007, the building features four stories and is situated on a one-acre lot (APN: 99001010, Fayette County). The property is zoned for commercial use and offers significant advantages for businesses seeking high visibility and foot traffic. The ground floor suite benefits from its proximity to numerous restaurants and retail establishments, ensuring a vibrant and bustling environment. The lease includes 62 parking spaces in a first-floor garage, at no additional cost to tenants. The monthly rent is $2,500, plus electricity. NNN expenses and owner fees are included in the rental rate. This presents a unique opportunity for businesses to establish a strong presence in a thriving Lexington location. The property's convenient location and ample parking make it an attractive option for a wide range of retail businesses. Don't miss this chance to secure a highly desirable retail space in a dynamic and growing area.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.