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    Lexington, KY
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    Lexington, KY Retail Space for Sale

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    Downtown Lexington Retail Investment
    Updated: Feb 19
    Downtown Lexington Retail Investment

    1200 N Limestone, Lexington, KY 40505

    $685,000
    3,120 sqft
    Prime investment opportunity in Downtown Lexington, KY.
    100% occupancy with a strong and consistent rental history.
    Located in a high‑traffic, high‑visibility location in the Noli neighborhood.
    B‑1 zoning allows for retail/street retail use.
    Surrounded by a strong, locally‑based business hub with popular restaurants and boutique shops.
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    This listing looks promising.

    Here's a quick look at some key insights for

    1200 N Limestone, Lexington, KY 40505

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    • Est. Cap Rate

      4.3%
      NOI ÷ price

    • Est. NOI

      $30K
      Annual

    • Mortgage

      $1.57M
      Dec 2020

    • Last Sold

      May 2014
      $170K

    • Property Type

      Mixed Use
      Built 1945
    View Property Analytics
    Multi-Tenant Retail Building
    Updated: Dec 1, 2025
    Multi-Tenant Retail Building

    763-765 Lane Allen Road, Lexington, KY 40504

    $650,000
    2,654 sqft 0.21 AC lot
    High visibility location on Lane Allen Rd, across from Home Depot
    B‑1 zoning allows for a variety of uses
    Income potential from tenant‑occupied salon space (763 Lane Allen)
    Recent upgrades including interior renovation, exterior repairs, parking lot expansion, and solar panels
    Two private tenant entrances with street level and upper level SF
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    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.

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    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.

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

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    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.

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    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.

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    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.

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    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.

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    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.

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    Retail Space in Hamburg Place
    Retail Space in Hamburg Place

    2321 Sir Barton Way, Lexington, KY 40509

    Contact for pricing
    2,550 sqft

    Retail spaces available in regional shopping center near I-75.

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    Anchored Neighborhood Shopping Center
    Anchored Neighborhood Shopping Center

    208 Legends Lane, Lexington, KY 40505

    Contact for pricing
    70,217 sqft

    Neighborhood shopping center anchored by Save-A-Lot and Dollar General.

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    Retail Space Near UK Campus
    Retail Space Near UK Campus

    685 South Limestone, Lexington, KY 40508

    Contact for pricing
    3,478 sqft

    Retail leasing opportunities in mixed-use complex near University of Kentucky.

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    Community Shopping Center For Sale
    Community Shopping Center For Sale

    1505-1557 E. New Circle Road, Lexington, KY 40509

    Contact for pricing

    Community shopping center with high traffic and multiple access points.

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    Kroger-Anchored Retail Center Opportunity
    Kroger-Anchored Retail Center Opportunity

    3650 Boston Road, Lexington, KY 40514

    Contact for pricing

    Retail spaces available in a Kroger-anchored neighborhood center.

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    Based on your search, we've compiled 77 Potential Opportunities for your consideration. Besides 15 Active listings in Lexington, KY, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 57 Off-Market properties to explore as potential leads, plus 1 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    End-Cap Retail Suite
    End-Cap Retail Suite

    863 N Main St, Nicholasville, KY 40356

    $1,865,000
    12,800 sqft 1.35 AC lot

    Right-end cap suite in a three-tenant strip along US-27, positioned within a dense national retail node.

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    Freestanding Building in Brannon Crossing
    Freestanding Building in Brannon Crossing

    131 Marlene Drive, Nicholasville, KY 40356

    $3,590,000
    30,667 sqft

    30,667 SF building on 2.4 acres in Brannon Crossing.

    View details
    Medical Space in Washington Square
    Medical Space in Washington Square

    1002 South Broadway St., Georgetown, KY 40324

    Contact for pricing
    20,000 sqft 6.54 AC lot

    Medical and retail spaces available in Georgetown's Washington Square.

    View details
    Retail Space in Kroger Center
    Retail Space in Kroger Center

    118 Marketplace Circle, Georgetown, KY 40324

    Contact for pricing
    37,300 sqft

    2,500 SF retail space in premier shopping center.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    PUD-Zoned Commercial Land with Frontage
    PUD-Zoned Commercial Land with Frontage

    3229 State Road 207, Elkton, FL 32033

    $1,599,000
    2.07 AC lot

    2.07-acre PUD-zoned parcel on State Hwy 207 with 360 feet of frontage and an on-site renovated 2012 home.

    View details

    Off-Market Properties in Lexington, KY

    Consider similar Off-Market properties in Lexington, KY. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    1275 Industry Rd
    RETAIL STORES (PERSONAL SERVICES)

    1275 Industry Rd, Lexington, KY 40505-3813

    $565,000
    Estimated value
    5,970 sqft 0.30 AC lot
    View details
    2433 Regency Rd
    RETAIL STORES (PERSONAL SERVICES)

    2433 Regency Rd, Lexington, KY 40503-3043

    $1,290,000
    Estimated value
    7,440 sqft 0.87 AC lot
    View details
    656 Main St
    RETAIL STORES (PERSONAL SERVICES)

    656 Main St, Lexington, KY 40508-2378

    $1,185,000
    Estimated value
    4,993 sqft 0.21 AC lot
    View details
    158 New Cir Rd
    RETAIL STORES (PERSONAL SERVICES)

    158 New Cir Rd, Lexington, KY 40505-2115

    $890,000
    Estimated value
    7,920 sqft 0.81 AC lot
    View details
    164 New Cir Rd
    RETAIL STORES (PERSONAL SERVICES)

    164 New Cir Rd, Lexington, KY 40505-2115

    $525,000
    Estimated value
    4,500 sqft 0.40 AC lot
    View details
    520 Booker St, Unit 528
    RETAIL STORES (PERSONAL SERVICES)

    520 Booker St, Lexington, KY 40508-1134

    Unit 528
    Value Estimation by Request
    1,800 sqft 0.26 AC lot
    View details
    4100 Nicholasville Rd
    RETAIL STORES (PERSONAL SERVICES)

    4100 Nicholasville Rd, Lexington, KY 40517-4800

    Value Estimation by Request
    2,329 sqft 32.59 AC lot
    View details
    120 Smt At Fritz Farm, Unit 100
    RETAIL STORES (PERSONAL SERVICES)

    120 Smt At Fritz Farm, Lexington, KY 40517-8303

    Unit 100
    Value Estimation by Request
    31,043 sqft
    View details
    800 Limestone
    RETAIL STORES (PERSONAL SERVICES)

    800 Limestone, Lexington, KY 40505-3521

    $600,000
    Estimated value
    4,033 sqft 0.06 AC lot
    View details

    Lexington, KY Retail Space Market Trends and Statistics

    Explore 72 retail space for sale in Lexington, KY, showcased through 15 active listings on our real estate platform. These investment opportunities span a total of 36,650 square feet of properties for sale, with an estimated market value of $10,955,000.

    Sale prices for retail space in Lexington, KY start at $650,000, averaging $1,825,833, and reaching up to $6,500,000 — 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

    Shopping centers 29
    Storefront properties 21
    Showrooms 4
    Automotive properties 3
    Banks 2

    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 $30.8K
    40509 $50K
    40505 $228.3K
    40504 $561.7K
    40508 $793.8K

    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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    Most Searched ZIP Codes in Lexington, KY

    • 40505
    • 40508
    • 40509
    • 40511
    • 40503
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    • 40507
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