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    Lexington, KY
    Retail

    Lexington, KY Retail Space for Sale

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    35 properties
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    Three-Suite Storefront Property
    Updated: Aug 14, 2025
    Three-Suite Storefront Property

    395 Elaine Dr, Lexington, KY 40504

    $1,650,000
    7,060 sqft
    7,060‑square‑foot building with three suites
    B‑1 zoning supports retail, medical, office, and service‑oriented uses
    Suite sizes are approximately 1,180 SF, 2,995 SF, and 2,836 SF
    Two end‑cap suites available for immediate lease
    2,836 SF suite includes double‑door side access for loading and unloading
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    This listing looks promising.

    Here's a quick look at some key insights for

    395 Elaine Dr, Lexington, KY 40504

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    • Est. Cap Rate

      4.8%
      NOI ÷ price

    • Est. NOI

      $79K
      Annual

    • Price @ 7% Cap

      $1.13M
      Suggested

    • Last Sold

      Oct 2011
      $1.3M

    • Property Type

      Retail Stores
      Built 2010
    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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    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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    Corner Retail Space with Office
    Corner Retail Space with Office

    800 Euclid Avenue, Lexington, KY 40502

    Contact for pricing
    2,331 sqft

    Corner-positioned retail and office property near the University of Kentucky and established commercial occupants.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Ground-Level Office Condo
    Ground-Level Office Condo

    121 Malabu Drive, Lexington, KY 40503

    Contact for pricing
    941 sqft

    Configured with private offices, a waiting area, and a restroom for flexible commercial use.

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    Southland Drive Retail Space
    Southland Drive Retail Space

    365 Southland Drive, Lexington, KY 40503

    Contact for pricing
    1,841 sqft

    Retail space positioned along Southland Drive with proximity to downtown, the University of Kentucky, and Central Baptist.

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    Flex Space with Warehouse
    Flex Space with Warehouse

    196 E New Circle Rd, Lexington, KY 40505

    Contact for pricing
    21,371 sqft 0.80 AC lot

    Versatile commercial building combining showroom, office, and warehouse areas under B-3 Highway Service Business zoning.

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    Retail Space on Established Corridor
    Retail Space on Established Corridor

    909 Liberty Road, Lexington, KY 40505

    Contact for pricing
    1,600 sqft

    1,600 SF retail suite on a high-traffic East Lexington retail corridor with a modified gross lease structure.

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    White-Box Retail Suite
    White-Box Retail Suite

    3851 Mall Road, Lexington, KY 40503

    Contact for pricing
    2,000 sqft

    White-box suite within a retail center near Fayette Mall and established shopping, dining, and entertainment users.

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    Medical and Retail Investment Building
    Medical and Retail Investment Building

    162 Old Todds Rd, Lexington, KY 40509

    Contact for pricing
    15,271 sqft

    Concrete mixed-use building offers street-level and second-floor spaces with private bathrooms and individual heat pumps.

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    Redevelopment Retail Building and Land
    Redevelopment Retail Building and Land

    671 N BROADWAY, Lexington, KY 40508

    Contact for pricing
    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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    Freestanding Retail Building
    Freestanding Retail Building

    539 W New Circle Road, Lexington, KY 40511

    Contact for pricing
    4,005 sqft 0.69 AC lot

    Open-plan commercial space with B-3 zoning, signage, and on-site parking.

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    Mixed-Use Property
    Mixed-Use Property

    746 Allendale Dr, Lexington, KY 40503

    Contact for pricing
    13,323 sqft

    Commercial property featuring retail space in Lexington, Kentucky.

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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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    Corner Storefront with New Facade
    Corner Storefront with New Facade

    400 Chestnut St, Lexington, KY 40508

    Contact for pricing
    1,100 sqft

    The vacant building sits on a corner beside a bus stop, with a freshly painted facade and new roof.

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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 Space with Pylon Sign
    Retail Space with Pylon Sign

    1973 Bryant Rd, Lexington, KY 40509

    Contact for pricing
    10,695 sqft

    Retail property with a pylon sign and two access points off Bryant Rd.

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    Mixed-Use Development on 19.71 Acres
    Mixed-Use Development on 19.71 Acres

    1300 New Circle Road, Lexington, KY 40505

    Contact for pricing
    309,135 sqft 19.71 AC lot

    Five-building mixed-use development with office, retail, flex, and warehouse space.

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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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    Mixed-Use Gem in Downtown Lexington
    Mixed-Use Gem in Downtown Lexington

    144 North Broadway, Lexington, KY 40507

    Contact for pricing
    18,032 sqft

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

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    Former Bowling Alley Shell
    Former Bowling Alley Shell

    750 E New Circle Rd, Lexington, KY 40505

    Contact for pricing
    45,997 sqft 3.50 AC lot

    Nearly 46,000 square feet in grey shell condition offers a large-format commercial footprint.

    View details

    Lexington, KY Retail Space Market Trends and Statistics

    Explore 72 retail space for sale in Lexington, KY, showcased through 35 active listings on our real estate platform. These investment opportunities span a total of 711,902 square feet of properties for sale, with an estimated market value of $2,400,000.

    Sale prices for retail space in Lexington, KY start at $100,000, averaging $800,000, and reaching up to $1,650,000 — 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

    Storefront properties 54
    Shopping centers 47
    Automotive properties 10
    Auto shops 6
    Showrooms 6

    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
    40509 $50K
    40504 $1.2M

    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)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Fayette County

    Retail

    Office

    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
    • 40509
    • 40503
    • 40508
    • 40511
    • 40502
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    • 40514

    Featured Lexington Real Estate Agencies

    Realmo connects you with licensed Lexington CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Keller Williams Commonwealth
    1908 Bryant Rd, Suite 250 Lexington, KY 40509
    Phone: 18597212121
    www.kwcommonwealth.com
    United Real Estate Lexington KY
    444 Lewis Hargett Circle, Ste. 180 Lexington, KY 40503
    Phone: 18593966706
    www,unitedrealestatelexingtonky.com

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