Retail Leasing Opportunities

561 South Broadway Lexington, KY 40508

561 South Broadway, Lexington, KY, 40508
561 South Broadway, Lexington, KY, 40508
FOR LEASE
Property Type:
Street Retail
Last Verified:
Sep 17, 2019

Highlights

  • NEW OWNERSHIP!
  • The Lex features +/-23,742 SF first floor retail space and 266 recently renovated apartments & townhomes (668 bedrooms-marketed separately by Landlord)
  • Available retail spaces from +/-1,076 - 9,519 SF
  • Store frontage on South Broadway and Oliver Lewis Way
  • Traffic count of +/-41,607 VPD on South Broadway
  • Shallow bay depths (+/-55’) offering lots of frontage
  • Retail spaces available to begin immediate fit-up
  • Rear entrances to tenant spaces from covered parking
  • 128 dedicated retail parking spaces (96 surface lot & 32 garage spaces)
  • Landlord is currently offering incentives for new tenants - CALL FOR MORE DETAILS!
  • NNN’s estimated to be $3.85 PSF

Description

NAI Isaac is pleased to present The Lex, a dynamic mixed-use development located on South Broadway in downtown Lexington, Kentucky, two blocks west of the University of Kentucky campus and two blocks south of Rupp Arena. The retail and restaurant space offers outstanding visibility from Broadway and the newly completed Oliver Lewis Way. Pedestrian connectivity to both UK Campus and the Lexington CBD makes The Lex an attractive choice for retail businesses catering to students and urban professionals. Retail space is available now for immediate fit-up.

The Lex is located on South Broadway between Pine Street and the newly completed Newtown Pike Extension in Lexington, Kentucky. The property is just minutes from the University of Kentucky, downtown Lexington, New Circle Road and Blue Grass Airport. The location of The Lex provides easy access to students and employees at the University as well as professionals working in Lexington's CBD.

Building Size: 23742.0sq ft
Lot Size: 0.0 acres

Units for Lease

Suite 110
Space Available: 1113 SF
Lease Type: NNN

Price Per Sqft/Year: $20.0
Suite 115
Space Available: 1565 SF
Lease Type: NNN

Price Per Sqft/Year: $20.0
Suite 145
Space Available: 1660 SF
Lease Type: NNN

Price Per Sqft/Year: $24.0
Suite 155
Space Available: 1949 SF
Lease Type: NNN

Price Per Sqft/Year: $24.0
Suite 160
Space Available: 3288 SF
Lease Type: NNN

Price Per Sqft/Year: $24.0
Suite 170
Space Available: 1464 SF
Lease Type: NNN

Price Per Sqft/Year: $22.0
Suite 175
Space Available: 1489 SF
Lease Type: NNN

Price Per Sqft/Year: $18.0
Suite 180
Space Available: 1076 SF
Lease Type: NNN

Price Per Sqft/Year: $18.0
Suite 185
Space Available: 1674 SF
Lease Type: NNN

Price Per Sqft/Year: $18.0

Map of 561 South Broadway, 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:

  • 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.