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    Lexington, KY Storefront Properties for Sale

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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
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    This listing looks promising.

    Here's a quick look at some key insights for

    503 East Third Street, Lexington, KY 40508

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    • 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
    View details
    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.

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    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.

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

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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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    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.

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    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.

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    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.

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    Retail Suite with Shared Parking
    Retail Suite with Shared Parking

    145 Burt Road, Suite 3, Lexington, KY 40503

    Contact for pricing
    1.30 AC lot

    Retail suite with B-1 zoning and 52 shared parking spaces, with marquee visibility from Nicholasville Road.

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    Retail Hub Storefront Opportunity
    Retail Hub Storefront Opportunity

    124 & 148 Malabu Drive, Lexington, KY 40503

    Contact for pricing

    Positioned on a highly trafficked Lexington retail corridor, offering storefront space within a newly developed retail hub.

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    Based on your search, we've compiled 23 Potential Opportunities for your consideration. Besides 11 Active listings in Lexington, KY, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 4 Off-Market properties to explore as potential leads, plus 4 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.

    Liquor Store with Drive-Thru
    Liquor Store with Drive-Thru

    2098 Harrodsburg Road, Lawrenceburg, KY 40342

    $849,900
    2,500 sqft 1.00 AC lot

    Remodeled liquor store with drive-thru window, live-in apartment, and extensive retail refrigeration and display systems.

    View details
    Drive-Thru Retail Restaurant Building
    Drive-Thru Retail Restaurant Building

    104 N Bradford Lane, Georgetown, KY 40324

    $950,000
    996 sqft 1.07 AC lot

    Standalone 996 SF retail/restaurant building with drive-thru on a 1.07-acre B-2 site.

    View details
    COMMERCIAL - Lawrenceburg, KY
    COMMERCIAL - Lawrenceburg, KY

    223 S Main Street, Lawrenceburg, KY 40342

    $760,000
    5,670 sqft 0.32 AC lot

    Storefront properties · 5,670 SF

    View details
    Downtown Georgetown Building For Sale
    Downtown Georgetown Building For Sale

    418 N Broadway St, Georgetown, KY 40324

    $117,000
    1,778 sqft 0.09 AC lot

    Downtown Georgetown building with parking lot and B-2 zoning.

    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.

    Commercial Land on Democrat Drive
    Commercial Land on Democrat Drive

    Democrat Drive lot: 2D, Frankfort, KY 40601

    $413,614
    1.20 AC lot

    1.2 acre commercial land with road frontage on Democrat Drive.

    View details
    Georgetown Land For Sale
    Georgetown Land For Sale

    1 Mallard Point Drive, Georgetown, KY 40324

    $274,995
    10.40 AC lot

    10.403 +/- acre commercial land with B1 zoning.

    View details
    Exceptional Corner Lot on Bourbon Trail
    Exceptional Corner Lot on Bourbon Trail

    102 Carlton Crossing, Lawrenceburg, KY 40342

    $524,900
    0.94 AC lot

    Prime commercial land on the Bourbon Trail, ready for development.

    View details
    Prime Commercial Land on Bourbon Trail
    Prime Commercial Land on Bourbon Trail

    101 Carlton Crossing, Lawrenceburg, KY 40342

    $419,900
    0.94 AC lot

    Commercial land ideal for retail, restaurant, hotel, or medical use.

    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.

    685 Limestone
    Individual retail properties

    685 Limestone, Lexington, KY 40508

    Value Estimation by Request
    305,420 sqft
    View details
    2985 Liberty Rd
    Individual retail properties

    2985 Liberty Rd, Lexington, KY 40509

    Value Estimation by Request
    35,460 sqft
    View details
    Beaumont Centre Cir
    Neighborhood centers

    0 Beaumont Centre Cir, Lexington, KY 40513

    Value Estimation by Request
    12,000 sqft
    View details
    137 Limestone
    Individual retail properties

    137 Limestone, Lexington, KY 40507

    Value Estimation by Request
    3,560 sqft
    View details

    Lexington, KY Storefront Properties Market Trends and Statistics

    Explore 15 storefront properties for sale in Lexington, KY, showcased through 11 active listings on our real estate platform. These investment opportunities span a total of 39,616 square feet of properties for sale, with an estimated market value of $9,712,000.

    Sale prices for retail units in Lexington, KY start at $328,500, averaging $1,214,000, and reaching up to $2,600,000 — 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
    40508 $592.3K
    40504 $742.5K
    40505 $1.1M
    40507 $2.1M

    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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