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Property profile

535 Upper St Lexington, KY 40508

OFF-MARKET
Retail properties & Spaces
982 SF 1 ac lot Built 2007
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2007
Total area 982 SF
Lot 1 ac (43,560 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Condominium Complex
  • Restaurant
  • Restaurant Cafe & Coffee Shop
  • Electric Vehicle Charging Station

Location

535 Upper St Lexington, KY 40508
Lexington metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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