West Zandale Plaza

151 West Zandale Drive Lexington, KY 40503

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FOR LEASE
Property Type:
Street Retail
Last Verified:
May 31, 2017

Highlights

  • +/-12,000 SF retail/office center on 1.29 acres
  • +/-935-6,935 SF for lease; Spaces can be finished to suit tenant
  • Anchored by Ramsey's Restaurant, a very strong local, multi-unit restaurant
  • High traffic area with direct access at signalized intersection from Nicholasville Road
  • +/-38,076 ADT in front of the site
  • 65 parking spaces (1:185 SF) with overflow parking at adjacent office building
  • Ideal location near hospitals, universities and downtown
  • Zoned B-1, Neighborhood Business
  • Starting Rental Rate: $22.95 PSF NNN
  • NNN's estimated to be $5.00 PSF
  • Agent's Financial Interest Disclosure: Listing agent has a financial interest in the subject property
  • Owner's License Disclosure: Owner is a licensed real estate broker in the Commonwealth of Kentucky

Description

+/-12,000 SF retail/office center on 1.29 acres for lease. +/-935-6,935 sf for lease. Spaces can now be delivered. High traffic area with direct access at signalized intersection from Nicholasville Road. +/-38,076 ADT in front of the site. 65 parking spaces. Ideal location near hospitals, universities and downtown.

West Zandale Plaza is located on Nicholasville Road and is approximately ½ mile from Central Baptist Hospital, 2 miles from the University of Kentucky campus, 3 miles from downtown and 5 miles from the Bluegrass Airport. Close proximity to these markets make the site an ideal location for serving the retail and business population. There are many restaurants, financial institutions and shopping centers located in the immediate area offering an added convenience and traffic generators.

Building Size: 12000.0sq ft
Lot Size: 1.29 acres

Units for Lease

Suite 140
Lease Type: NNN
Price Per Sqft/Year: $22.95
Suite 150
Lease Type: NNN
Price Per Sqft/Year: $22.95
Suite 160
Lease Type: NNN
Price Per Sqft/Year: $22.95
Suite 170
Lease Type: NNN
Price Per Sqft/Year: $22.95
Suite 180
Lease Type: NNN
Price Per Sqft/Year: $22.95

Map of 151 West Zandale Drive, Lexington, KY, 40503

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.