Southland Drive Office/Retail

278 Southland Drive Lexington, KY 40503

278 Southland Drive, Lexington, KY, 40503
278 Southland Drive, Lexington, KY, 40503 278 Southland Drive, Lexington, KY, 40503 278 Southland Drive, Lexington, KY, 40503 278 Southland Drive, Lexington, KY, 40503
FOR LEASE
Property Type:
Multi Tenant Office
Amount:
Please Call Broker for Price

Last Verified:
Nov 14, 2024

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Highlights

  • +/-9,080 SF office/retail building on Southland Drive
  • Traffic count of +/-14,404 VPD on Southland Drive in front of the site
  • Pedestrian-friendly Southland Drive underwent a recent reformation that included bike lanes, sidewalk reconstruction and an improved streetscape
  • Area events and activities include Lexington Farmer’s Market, Southland Street Fair and Southland Jamboree
  • This corridor includes an eclectic mix of both old and new restaurants and shops
  • Surrounding neighborhood has benefited from an active residential market, boosting commercial activity
  • Rental Rate: $12.00 PSF NNN
  • NNN estimated to be $3.36 PSF

Description

NAI Isaac is pleased to present office/retail leasing opportunities on Southland Drive. Traffic count of +/-14,404 VPD on Southland Drive in front of the site. Pedestrian-friendly Southland Drive underwent a recent reformation that included new bike lanes, sidewalk reconstruction and an improved streetscape . Area events and activities include Lexington Farmer’s Market, Southland Street Fair and Southland Jamboree. This corridor includes an eclectic mix of both old and new restaurants and shops. Surrounding neighborhood has benefited from an active residential market, boosting commercial activity.

Southland Drive is located off the heavily traveled thoroughfare, Nicholasville Road. The site offers excellent residential support and is convenient to all of south Lexington. Quick access to New Circle Road and the University of Kentucky makes this an ideal site for serving an expanded trade area.

Building Size: 9080sq ft
Building Class: B
Lot Size: 0.65 acres


Documents

278 Southland Dr

Units for Lease

Suite 130
Space Available: 1100 SF
Lease Type: NNN

Price Per Sqft/Year: $12.00

Map of 278 Southland Drive, Lexington, KY, 40503

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.