Technical
Financial
Distress signals
Property profile

208 Legends Ln Lexington, KY 40505

FOR LEASE
Strip malls
Property ID
US34-0584735
62,615 SF 6.46 ac lot Built 1965
Entity Owned 1-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This prime Lexington, KY retail property, Northland Shopping Center, offers exceptional leasing opportunities. Located at 208 Legends Ln, 40505, this 70,217 square foot shopping center boasts a desirable location at the intersection of Legends Lane and North Broadway, benefiting from an average daily traffic count of approximately 15,424 vehicles (2016 data). The center features a strong anchor tenant lineup, including a high-volume Save-A-Lot Grocery and Dollar General. Its strategic proximity to the Wild Health FieldBallpark, home to the Lexington Legends minor league baseball team, provides significant foot traffic and visibility. The ballpark accommodates 9,000 seated fans and up to 15,000 for special events. Available spaces range from 2,168 to 2,400 contiguous square feet, with a total of 4,568 square feet currently vacant. The property is zoned B-1, Neighborhood Business (APN: 38040840), and offers ample parking for customers and employees. This is an excellent opportunity for businesses seeking high visibility and strong traffic flow in a thriving Lexington neighborhood. The minimum divisible space is 2,168 square feet.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1965
Total area 62,615 SF
Lot 6.46 ac (281,441 SF)
Zoning code B-1
APN 38040840
UPID US34-0584735

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
  • Mobile Phone Store Electronics & Wireless Store
  • Tax Preparation
  • Hair Salon Nail Salon
  • Medical Clinic
  • Medical Clinic

Location

208 Legends Ln Lexington, KY 40505
Lexington metro Census 1300 LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

since 2025
3 recorded transactions
2025
Price N/A
2019
Price N/A
2016
Price N/A

Zoning & alternative use

B-1 · Lexington, KY
Zoning description

2. The principal permitted uses of the P-1 and B-1 zones, except as specifically prohibited hereinbelow. (c) Accessory Uses. The following shall be considered accessory uses in the MU-1 zone: 1. The accessory uses permit…

General category COMMERCIAL

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message