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Property profile & analytics
FOR LEASE
Community centers

2573 Richmond Rd Lexington, KY 40509

37,897 SF 3.06 ac lot Built 1988
Entity Owned Absentee Owner ~ Est. High Equity
Property ID
US34-0621011
Property summary
AI-generated overview

French Quarter Square, located at 2573 Richmond Rd, Lexington, KY 40509, offers exceptional retail and restaurant opportunities. This prime location boasts two single-story buildings totaling 37,500 square feet, situated near New Circle Rd. Currently, the center houses a mix of tenants, including Sun Tan City and Posh Salon & Spa, along with other specialty shops and service businesses. The property is zoned B-3, offering flexibility for various uses. Individual spaces range from a minimum of 969 square feet to a maximum contiguous space of 4,258 square feet, with 13,522 square feet currently vacant. This presents a unique chance to establish a presence in a thriving commercial area. The property's convenient location and existing tenant mix create a strong foundation for success. The proximity to a 155-key Doubletree by Hilton hotel further enhances the area's appeal and foot traffic. The property's APN is 10039150. This is an excellent opportunity for businesses seeking high visibility and a strong customer base in a well-established Lexington commercial center. Contact us today to learn more about available spaces and leasing options.

Property profile
Verified
Property type Community centers
Use group MINI-MALL
Year built 1988
Total area 37,897 SF
Lot 3.06 ac (133,294 SF)
Zoning code B-3
APN 10039150
UPID US34-0621011
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
  • Prometric Tutoring Service
  • Posh Shaves & Fades Barber Shop
  • Delaney Pharmacy Pharmacy
  • Painting with a Twist Training Center (Bike/Boat/Book/etc) Store
  • Nadia's Elegant Events Event Planning Wedding Service
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
Merrick Crossing Investments LLC
Merrick Crossing Investments LLC
since 2026
2 recorded transactions
2026
$8.5M
2025
Price N/A
Zoning & alternative use
B-3 · Lexington, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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