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    FOR LEASE
    Sports & entertainment properties

    2907 Richmond Rd, Lexington, KY 40509

    7,709 SF 0.98 ac lot Built 1997
    Entity Owned Free & Clear
    Property ID
    US34-0583971
    Property summary
    AI-generated overview

    Lakeview Plaza, located at 2907 Richmond Rd, Lexington, KY 40509 (SEC Richmond Rd & Tabor Rd), presents a significant retail investment opportunity. This single-story, 172,865 square foot shopping center sits on a substantial 18-acre lot and boasts 736 parking spaces, ensuring ample customer convenience. Built in 1979, the property is zoned B-3, allowing for a variety of commercial uses. Currently, there is 7,719 square feet of vacant space available, offering immediate potential for expansion or new tenants. The property's multiple tenancy structure provides a diverse income stream and a strong foundation for future growth. Its high-traffic location at the intersection of Richmond Rd and Tabor Rd guarantees excellent visibility and accessibility for businesses. This is a rare opportunity to acquire a well-established retail center with significant upside potential in a thriving Kentucky market. The property's size and location make it ideal for a variety of retail uses, from large anchor stores to smaller specialty shops. The substantial parking area further enhances its appeal to both tenants and customers. Interested parties should note the available outlot and in-line space.

    Property profile
    Verified
    Property type Sports & entertainment properties
    Use group RECREATIONAL, ENTERTAINMENT
    Year built 1997
    Total area 7,709 SF
    Lot 0.98 ac (42,515 SF)
    Zoning code B-3
    APN 20009440
    UPID US34-0583971
    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
    • Sante Construction LLC General Contractor Construction Company
    • Golden Buffet - Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $2.87M
    Owner & transaction history
    Brannon 230 LLC
    Brannon 230 LLC
    since 2025
    Last sale
    $2.9M
    4 recorded transactions
    2025
    $2.9M
    2022
    $2.9M
    2020
    $13.4M
    2017
    Zoning & alternative use
    B-3 · Lexington, KY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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