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Property profile & analytics
FOR LEASE
Community centers

2220 Nicholasville Rd Lexington, KY 40503

78,319 SF 7.53 ac lot Built 1962
Entity Owned 13-yr Hold Free & Clear
Property ID
US34-0477141
Property summary
AI-generated overview

This exceptional executive office space, located within the established Zandale Shopping Center at 2220 Nicholasville Rd, Lexington, KY 40503, offers 8,000 square feet of vacant space on the upper floor. The building, constructed in 1962 and extensively renovated in 2022, boasts a total of 78,319 square feet across two stories. The space features a desirable 12-foot ceiling height. This single-building property is zoned B-1 Neighborhood Business (APN 15087701), providing ample opportunity for a variety of businesses. Situated on a high-traffic section of Nicholasville Road, with over 43,000 vehicles passing daily, this location benefits from excellent visibility and strong anchor tenants including Panera Bread, Fazoli's, Chase Bank, Penn Station, and UPS. The property's prime location and high visibility make it an ideal space for businesses seeking a prominent presence in Lexington. The available space is part of a multi-tenant building, offering a vibrant and established business environment. This is a rare opportunity to secure a significant amount of office space in a highly sought-after location.

Property profile
Verified
Property type Community centers
Use group MINI-MALL
Year built 1962
Total area 78,319 SF
Lot 7.53 ac (328,007 SF)
Zoning code B-1
APN 15087701
UPID US34-0477141
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Kentucky Land Title Association Association Or Organization
  • McNay Settlement Group Financial Advisor
  • Zandale Shopping Center Shopping Center & Mall
  • Zandale Barber Shop Barber Shop
  • Visions Hair Design Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Zandale Shopping Ctr LLC · 13 yrs held
Zandale Shopping Ctr LLC
since 2013
2 recorded transactions
2024
Price N/A
2013
$9.7M
Zoning & alternative use
B-1 · Lexington, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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