2860 Richmond Rd Lexington, KY 40509
For Lease
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Patchen Square, a recently constructed retail center in Lexington, Kentucky's Richmond Road Corridor, offers a unique opportunity for businesses seeking high-visibility locations. This Class B property, built in 2020, boasts a total of 36,000 square feet across two single-story buildings situated on a 5-acre lot. The center is strategically located on Richmond Road, between Patchen Drive and Mt. Tabor Road, providing excellent access and high traffic counts. Currently, the center houses a diverse mix of established tenants including KPot Korean BBQ, Cyclebar, Club Pilates, My Salon Suites, Stretch Lab, and Sugaring. A drive-thru option is available, adding further appeal to potential tenants. Individual spaces are available, with a minimum divisible space of 1,400 square feet and a maximum contiguous space of 1,400 square feet. The property is zoned B-3 and features convenient access via Richmond Road. The property's address is 2860 Richmond Road, Lexington, KY 40509, and its APN is 11300550. This vibrant retail center presents an exceptional opportunity for businesses seeking a thriving location in a rapidly growing area of Lexington. The property's proximity to other successful businesses, including Andy's/First Watch and Skyline Chili, further enhances its appeal and potential for success. The absence of elevators is noted.
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CoolBlue Lex Spa & Massage Center Alternative Medicine Practice
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Hometown Pharmacy Pharmacy
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Cyclebar Patchen Square Cycling Facility Gym & Fitness Center
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Amazon Hub Counter - Hometown Pharmacy Courier Service Postal Service
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The Float Loft (Lexington) Spa & Massage Center Gym & Fitness Center
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.