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Lexington, KY

Retail

Lexington, KY Retail Properties & Spaces for Sale

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Nicholasville, KY Versailles, KY Richmond, KY Winchester, KY Paris, KY Wilmore, KY Georgetown, KY Mt Sterling, KY

38 properties

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Permit-Ready Corner Retail Shell

Updated: Jun 16

Permit-Ready Corner Retail Shell

503 East Third Street, Lexington, KY 40508

$1,100,000

8,260 sqft

Fully gutted commercial shell (1938) with a submitted building permit for 8,260 SF of three‑front retail
B‑1 Neighborhood Business zoning; by‑right uses include retail, restaurant, medical, office, and personal service
Corner location at E Third St & Midland Ave on a signalized intersection, with three proposed suites of 1,730 SF, 3,628 SF, and 2,895 SF
Suites can be leased individually, combined for a single user, or reconfigured for different layouts
Offered as‑is, permit‑ready for buyer‑controlled buildout and tenant lease planning

This listing looks promising.

Here's a quick look at some key insights for

503 East Third Street, Lexington, KY 40508

View Property Analytics

Est. Cap Rate

8.4%
Above avg (5.9%)
Est. NOI

$92K
Annual
Mortgage

$364K
Feb 2022
Last Sold

Feb 2022
$455K
Property Type

Apartments (Generic)
Built 1900

View Property Analytics

Downtown Lexington Mixed-Use Building

Updated: Mar 12

Downtown Lexington Mixed-Use Building

161 N Limestone, Lexington, KY 40507

$1,825,000

7,343 sqft 0.05 AC lot

Prime downtown location across from the Courthouse on N Limestone Street
Upscale renovations completed in 2020, including new roof, hardwood floors, and HVAC
Existing leases in place: First floor lease‑back potential with Georgie's Social House and second floor lease through October 2030 with Relix Bridal, Inc
Elevator access with coded private access
Flexible third‑floor space adaptable for owner occupancy, single‑tenant lease, or individual office suites

Multi-Tenant Retail Building

Multi-Tenant Retail Building

763-765 Lane Allen Road, Lexington, KY 40504

$650,000

2,654 sqft 0.21 AC lot

Multi-tenant retail building with two private entrances and renovated interior spaces, plus below-grade storage and meeting space.

Lexington Mixed-Use Investment Opportunity

Lexington Mixed-Use Investment Opportunity

109-119 N Mill Street, Lexington, KY 40507

$2,600,000

11,000 sqft 0.10 AC lot

Six apartments and two retail storefronts in three buildings.

Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center

Single-Story Automotive Repair Garage

Single-Story Automotive Repair Garage

417 South Mill Street, Lexington, KY 40508

$849,000

4,332 sqft 0.23 AC lot

Brick garage with open bays, offices, and paint booth features, positioned on an R-2 site with alley access.

Prime Commercial Corner Lot Available

Prime Commercial Corner Lot Available

1209 Winchester Road, Lexington, KY 40505

$949,900

0.40 AC lot

High-visibility Lexington corner lot with drive-through approval.

Retail Storefront Property

Retail Storefront Property

680 Lima Drive, Lexington, KY 40511

Contact for pricing

1,000 sqft 1.72 AC lot

For-sale retail storefront property just off New Circle in Lexington, Kentucky.

Prime Retail/Restaurant Outlot Opportunity

Prime Retail/Restaurant Outlot Opportunity

2887 Richmond Road, Lexington, KY 40509

$100,000

1.30 AC lot

1.3-acre outlot ideal for retail or restaurant with high visibility.

Redevelopment Retail Building and Land

Redevelopment Retail Building and Land

671 N BROADWAY, Lexington, KY 40508

$1,270,000

3,596 sqft 0.58 AC lot

B-1 zoned retail/mixed-use structure with redevelopment upside on a hard-corner, three-parcel land assemblage.

Prime Retail Land with Income

Prime Retail Land with Income

1951 N Broadway, Lexington, KY 40505

$1,170,000

2,600 sqft 1.30 AC lot

1.3 acres of retail land near downtown Lexington.

Established Cafe Opportunity

Established Cafe Opportunity

814 Euclid Ave, Lexington, KY 40502

$45,000

0.03 AC lot

Turn-key cafe business for sale in Lexington, Kentucky.

Freestanding Retail Car Wash Site

Freestanding Retail Car Wash Site

2097 Harrodsburg Rd, Lexington, KY 40504

$1,035,000

528 sqft 0.69 AC lot

Freestanding building on Harrodsburg Road with strong traffic exposure and flexible B6-P zoning for multiple retail/auto uses.

Downtown Building with Upscale Renovations

Downtown Building with Upscale Renovations

161 N Limestone, Lexington, KY 40507

$1,825,000

7,343 sqft

Downtown building with recent renovations and lease income potential.

Freestanding Restaurant on Winchester Road

Freestanding Restaurant on Winchester Road

1015 Winchester Road, Lexington, KY 40505

$1,200,000

2,100 sqft

Freestanding restaurant with drive-thru for sale on Winchester Road.

Versatile Retail Storefront Space

Versatile Retail Storefront Space

680 Lima Drive, Lexington, KY 40511

Contact for pricing

1,000 sqft

Retail storefront space on Lima Drive, located just off New Circle in Lexington.

Downtown Lexington Retail Investment

Downtown Lexington Retail Investment

1200 N Limestone, Lexington, KY 40505

$685,000

3,120 sqft

Retail space in high-traffic Lexington location with strong rental history.

Historic Building in NoLi Corridor

Historic Building in NoLi Corridor

732 N Limestone, Lexington, KY 40508

$328,500

1,181 sqft

Charming 1,181 SF building in Lexington's vibrant NoLi district.

Historic Lexington Retail Investment Opportunity

Historic Lexington Retail Investment Opportunity

726 N Limestone, Lexington, KY 40508

$348,500

1,307 sqft

1307 SF building in Lexington's historic North Limestone corridor.

West Zandale Plaza Retail/Office Center

West Zandale Plaza Retail/Office Center

151 West Zandale Drive, Lexington, KY 40503

Contact for pricing

12,000 sqft 1.29 AC lot

Retail/office center on 1.29 acres near hospitals and universities.

Mixed-Use Development Near Lexington Airport

Mixed-Use Development Near Lexington Airport

1051 Newtown Pike, Lexington, KY 40511

Contact for pricing

86,700 sqft 9.88 AC lot

Four-building mixed-use property with office, retail, flex, and warehouse space.

Leased Neighborhood Shopping Center

Leased Neighborhood Shopping Center

158-188 E New Circle Road, Lexington, KY 40505

Contact for pricing

47,195 sqft

Neighborhood retail center on a highly traveled retail corridor with strong visibility and multiple ingress/egress points.

Mixed-Use Gem in Downtown Lexington

Mixed-Use Gem in Downtown Lexington

144 North Broadway, Lexington, KY 40507

$6,500,000

18,032 sqft

Four-story mixed-use building in the heart of downtown Lexington.

Retail Suite in North Park Marketplace

Retail Suite in North Park Marketplace

524 W New Circle Road, Lexington, KY 40511

Contact for pricing

1,400 sqft

Retail suite in high-traffic Lexington retail corridor.

Retail Suite in Ruccio Pavilion

Retail Suite in Ruccio Pavilion

220 Ruccio Way, Lexington, KY 40503

Contact for pricing

18,394 sqft

Retail suite in a family-friendly location near Lexington's busiest areas.

Lexington, KY Retail Properties & Spaces Market Trends and Statistics

Explore 72 retail properties & spaces for sale in Lexington, KY, showcased through 38 active listings on our real estate platform. These investment opportunities span a total of 287,644 square feet of properties for sale, with an estimated market value of $41,266,000.

Sale prices for stores in Lexington, KY start at $328,500, averaging $2,171,894, and reaching up to $15,500,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 322K

Population Growth (5Y) +1.0%

Median Household Income $71,202

College Educated 25.6%

High-Yield Neighborhoods for Investment

Identify Lexington submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
40503	$23.1K
40509	$50K
40504	$533.8K
40511	$798K
40505	$946.1K

Taxes & Financing

Tax Rate (average for all types) 1.22%

Property Tax per SF $11.25 per SF

Tax Rate vs County Average 0.01 pp below county avg

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Fayette County

New Delisted

Total CRE Inventory on Market (SF)

Property Size Breakdown

The majority of commercial real estate listings in Lexington fall within the 100,000+ square foot range.

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