125 Codell Dr Lexington, KY 40509-1183
- Strip malls
- 6,490 SF
- 1.88 lot acres
Current Use by Public Records
- Michikusa Japanese Restaurant / Authentic Japanese Restaurant / Izakaya Restaurant
- Josephine's Post Mastectomy / Orthotics & Prosthetics Service
- Reeca L. Prater, LPN / Massage Therapist / Registered General Nurse
- African Food Market Limited / Grocery Store
- Ziyan Salon & Holistic Day Spa / Massage Therapist / Beauty Salon
Property Details for 125 Codell Dr
- Year built
- 2004
- Lot size
- 1.88 lot acres
- Property size
- 6,490 SF
- Zone code
- B-3
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 38093530
- APU
- 38093530
Description
This exceptional retail/office space, located within the Richmond Woods Shopping Center at 125 Codell Drive in Lexington, Kentucky, presents a fantastic opportunity for businesses seeking a high-visibility location. The property boasts a total building size of 16,840 square feet, with a single available unit of 1,690 square feet. This space is ideal for a variety of uses, offering flexibility and ample room for operations. Situated on a 1.82-acre lot, the center enjoys excellent visibility and accessibility, benefiting from its convenient location just off Richmond Road and directly across from a Lowe's home improvement store. The property is in Fayette County, Kentucky, and has a zip code of 40509. The minimum divisible space is 1,690 square feet, and the maximum contiguous space available is also 1,690 square feet. This presents a unique opportunity for a business seeking a well-located, readily available space in a thriving commercial area. The property's strategic placement ensures high foot traffic and easy access for customers and employees alike. This is a multiple-tenancy building, offering a vibrant and collaborative environment. Don't miss this chance to establish your business in a prime Lexington location. Contact us today to schedule a viewing.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $3,015,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,030,000
- 6.5%
- $2,430,000
- 7%
- $2,350,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,400,000
- Geo Method
- $2,280,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,340,000
- Retail
- $2,105,000
- Mixed-Use
- $2,170,000
- Hospitality
- $2,325,000
- Educational
- $2,550,000
- Residential Income
- $2,385,000
- Energy
- $2,015,000
- Income-Based Land
- $2,310,000
- Food Service
- $2,575,000
Location Insight
- Map
- Local Demand
- City
- Lexington
- County
- Fayette
- State
- Kentucky
- Longitude
- -84.452
- Latitude
- 38.0117
- CBSA code
- 30460
- CBSA name
- LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA
