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Property profile & analytics
OFF-MARKET
Super regional malls

3401 Nicholasville Rd Lexington, KY 40503-3611

318,370 SF 17.79 ac lot Built 1971
Entity Owned Absentee Owner Free & Clear
Property ID
US34-0613651
Property summary
AI-generated overview

The Plaza at Fayette offers exceptional office space within a vibrant, open-air lifestyle center adjacent to Fayette Mall in Lexington, Kentucky. Two available suites range from 3,999 to 7,200 square feet, ideal for various office needs, including executive, medical, coworking, creative, and traditional office setups. This 215,745 square foot property benefits from a strong location within a thriving retail and entertainment hub, featuring restaurants and a 16-screen Cinemark movie theatre. Lexington's robust economy, fueled by major corporations like Toyota, Amazon, and IBM, and a high household income of nearly $68,000, ensures a strong tenant base. The area boasts a highly educated workforce, ranking among the nation's best places to live and work, further enhancing the property's appeal. The proximity to the University of Kentucky, with over 30,000 students, provides a large potential customer base. This prime location, combined with the diverse amenities and strong economic indicators, makes The Plaza at Fayette an unparalleled opportunity for businesses seeking a prestigious and convenient office space in a dynamic market. The property is situated in Fayette County and offers multiple tenancy options.

Property profile
Verified
Property type Super regional malls
Use group REGIONAL SHOPPING CENTER, MALL
Year built 1971
Total area 318,370 SF
Lot 17.79 ac (774,932 SF)
Zoning code B-6P
APN 13863175
UPID US34-0613651
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
  • Go! Calendars (Bike/Boat/Book/etc) Store
  • Missy's Hallmark (Bike/Boat/Book/etc) Store
  • Dippin' Dots Grocery & Convenience Store Specialty Food Shop
  • I-Repair Auto Repair Shop
  • Ashcroft & Oak® Jewelers (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
FAYETTE MALL SPE LLC
FAYETTE MALL SPE LLC
Zoning & alternative use
B-6P · Lexington, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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