Former Walgreens with Drive-Thru in Lexington, KY

254 East New Circle Road Lexington, KY 40505

254 East New Circle Road, Lexington, KY, 40505
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FOR SALE
Property Type:
Street Retail
Amount:
$3,100,000
Last Verified:
Mar 25, 2025

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Highlights

  • 15,048 SF free-standing retail building
  • Zoned B-3 (Highway Business)
  • Built for Walgreens – adaptable for a variety of uses
  • 36,658 VPD on New Circle Rd with strong surrounding retail
  • Drive-thru in place for added flexibility
  • Pylon signage for visibility

Description

SVN Stone Commercial Real Estate is pleased to present 254 E New Circle Rd, Lexington, KY, a 15,048 SF free-standing retail building with a drive-thru on 2.19 acres, originally constructed for Walgreens.

Positioned along New Circle Road (36,658 VPD), this property offers high visibility and accessibility in a well-established retail corridor. Located next to a newly constructed Dutch Bros Coffee, Chick-Fil-A, Panda Express, Bank of America, Kroger, and more. The site benefits from strong retail synergy along New Circle Road. The property features a drive-thru, ample parking, and pylon signage, making it well-suited for retail, medical, office, or other commercial uses under its B-3 zoning.

Additionally, the property includes a billboard that generates an additional revenue stream of $950/month.

For more information please contact Weston Lockhart at weston.lockhart@svn.com // 859.317.3538, Nathan Dilly at nathan.dilly@svn.com // 859.420.5492, or Matt Stone at matt.stone@svn.com // 859.351.5444.

Lexington, Kentucky has been rated as one of America's premier cities by some of the most noted and revered industry standard-bearers, such as Forbes magazine, the U.S. Census Bureau, Cognetics consulting group, Dun & Bradstreet, Ladies Home Journal, and Places Rated Almanac - just to name a few. Most people think of rolling countryside with stone fences, great basketball action, horse farms, Thoroughbred racing at Keeneland, a diverse economy, and outstanding schools, colleges and universities. Our community ranks high in quality of life factors, such as health care, public safety, educational attainment, and quality family living. The area also measures high among the best places for business location, creativity, entrepreneurial growth, and career relocation. Residents of competing cities view Lexington as a beautiful place, with great schools, an innovative health care system, a strong economy, and mountains of potential.

Building Size: 15048sq ft
Lot Size: 2.19 acres


Documents

SVN Brochure - 254 E New Circle.pdf

Map of 254 East New Circle Road, Lexington, KY, 40505

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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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  • 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.
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