Mixed-Use Development

500-508 East Third Street, 250-254 Race Street & 255 Holbrook Court Lexington, KY 40508

500-508 East Third Street, 250-254 Race Street & 255 Holbrook Court, Lexington, KY, 40508
500-508 East Third Street, 250-254 Race Street & 255 Holbrook Court, Lexington, KY, 40508 500-508 East Third Street, 250-254 Race Street & 255 Holbrook Court, Lexington, KY, 40508
FOR LEASE
Property Type:
Other Land
Amount:
Please Call Broker for Price

Last Verified:
Nov 16, 2023

Highlights

  • Retail, Office or Mixed-Use Opportunity!
  • +/-0.5 AC for ground lease
  • Located at the corner of East Third and Race Streets
  • Property includes 500-508 East Third Street, 250-254 Race Street and 255 Holbrook Court
  • Situated in Lexington’s Central Business District in the eastern gateway to downtown, making this a strategic location for your business
  • Recent area redevelopment projects included Community Ventures Corporation’s $30M mixed-use project The Met Lex, the Main & Vine mixed-use 50,000 SF project and others
  • The Met Lex, located at the corner of Midland & East Third, is a 75,000 SF mixed-use development that includes apartments, DV8 Kitchen Restaurant, retail, fitness and healthcare services
  • Zoned B-1, Neighborhood Business and R-3, Planned Neighborhood Residential
  • Rental Rate: $3,000 per month ground lease NNN

Description

NAI Isaac is pleased to present a retail, office or mixed-use development opportunity on +/-0.5 AC corner lot near downtown Lexington.

Located at the intersection of East Third and Race Streets in Lexington. The property is in Lexington’s Central Business District on East Third Street near Midland Avenue. Located at the eastern gateway to downtown makes this a strategic location for your business.

Lot Size: 0.5 acres


Documents

Mixed-Use Development

Units for Lease

500-508 East Third Street, 250-254 Race Street and 255 Holbrook Court
Space Available: 21780 SF
Lease Type:

Price Per Sqft/Month: $3000.00

Map of 500-508 East Third Street, 250-254 Race Street & 255 Holbrook Court, Lexington, KY, 40508

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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:

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