Technical
Financial
Distress signals
Property profile

3220 Nicholasville Rd Lexington, KY 40503

FOR SALE
Community centers
Property ID
US34-0503449
222,168 SF 26.49 ac lot Built 1978
Entity Owned Free & Clear
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Property summary

AI-generated overview

This exceptional Class A retail property, known as South Park Pad, boasts 220,000 square feet on a 34-acre lot in Lexington, Kentucky. Located at 3220 Nicholasville Rd, at the southeast quadrant of Nicholasville Road and New Circle Road, this multi-tenant property offers unparalleled visibility and accessibility. The property underwent a complete renovation in 2022, ensuring modern and efficient spaces for various businesses. Available spaces range from 7,000 to 43,560 square feet, catering to a variety of needs, including junior box, big box, outlot, restaurant, bank, automotive, office, medical, and daycare uses. Its strategic location places it directly across from Lexington Green and Fayette Mall, the state's largest mall, ensuring high foot traffic and brand exposure. The center is already home to a flagship Academy Sports location and will soon welcome a Main Event location, solidifying its position as Lexington's premier retail destination. Fayette County zoning provides a stable and attractive investment opportunity. This property presents a unique chance to establish or expand your business within a thriving retail environment. The property's size and flexibility make it ideal for a variety of retail concepts. Contact us today to learn more about the available spaces and leasing opportunities.

Property profile

Verified
Property type Community centers
Use group MINI-MALL
Year built 1978
Total area 222,168 SF
Lot 26.49 ac (1,153,904 SF)
Zoning code B-6P
APN 14090700
UPID US34-0503449

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
  • Tech Support Center (Bike/Boat/Book/etc) Store
  • Electronics & Wireless Store
  • Clothing Store Baby Clothing Store
  • Crypto Atm Atm
  • Shopping Center & Mall

Location

3220 Nicholasville Rd Lexington, KY 40503
Lexington metro Census 3501 LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

since 2026
7 recorded transactions
2026
Price N/A
2025
Price N/A
2022
Price N/A
2020
$50,000
2020
$25.6M
2020
$2.5M
2020
$23.0M

Zoning & alternative use

B-6P · Lexington, KY
Zoning description

Article 12 - COMMERCIAL CENTER (B-6P) ZONE Share Download Bookmark Print Sec. 12-1. - Intent. The intent of the Commercial Center (B-6P) zone is to create centers of activity that promote commerce and retail along major…

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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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