120 Malabu Dr Lexington, KY 40503
For Lease
1 / 4
This exceptional retail opportunity presents 5,300 square feet of brand-new, versatile space within The Venue, situated on Nicholasville Road in Lexington, Kentucky. The property boasts a prime location within a high-traffic retail corridor, experiencing approximately 45,326 vehicles per day. This ensures strong daytime and evening visibility, benefiting from both robust commuter and residential traffic. The space is divisible, with a minimum leasable area of 1,500 square feet and a maximum contiguous space of 5,300 square feet, offering flexibility for various business needs. The entire 5,300 square feet is currently vacant and ready for immediate occupancy. The 0.495-acre lot houses a single building, zoned for commercial use. This location benefits from its proximity to major retail centers, including the Fayette Mall (over 1.2 million square feet), Plaza at Fayette Mall, and Summit at Fritz Farm, as well as the University of Kentucky, Blue Grass Airport, downtown Lexington, and Baptist Health. The address is 120 Malabu Dr, Lexington, KY 40503, conveniently located off Nicholasville Road and within New Circle Road. The property's classification includes retail, office, and restaurant uses, making it suitable for a wide range of businesses. The property is classified as both retail and executive office space, and is a freestanding building with multiple tenancy options.
-
MedixDx-Malabu Dr Medical Laboratory
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B-3 · Lexington, KYLexington. Always verify with local authorities before improvements.
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.