120 Malabu DrLexington, KY 40503

Property Details for 120 Malabu Dr

Lot size

0.50 AC

Zone code

B-3

Property type

Land

Property subtype

Commercial land

APN

38273860

APU

38273860

Description

This exceptional retail opportunity presents 5,300 square feet of brand-new, versatile space within The Venue, situated on Nicholasville Road in Lexington, Kentucky. The property boasts a prime location within a high-traffic retail corridor, experiencing approximately 45,326 vehicles per day. This ensures strong daytime and evening visibility, benefiting from both robust commuter and residential traffic. The space is divisible, with a minimum leasable area of 1,500 square feet and a maximum contiguous space of 5,300 square feet, offering flexibility for various business needs. The entire 5,300 square feet is currently vacant and ready for immediate occupancy. The 0.495-acre lot houses a single building, zoned for commercial use. This location benefits from its proximity to major retail centers, including the Fayette Mall (over 1.2 million square feet), Plaza at Fayette Mall, and Summit at Fritz Farm, as well as the University of Kentucky, Blue Grass Airport, downtown Lexington, and Baptist Health. The address is 120 Malabu Dr, Lexington, KY 40503, conveniently located off Nicholasville Road and within New Circle Road. The property's classification includes retail, office, and restaurant uses, making it suitable for a wide range of businesses. The property is classified as both retail and executive office space, and is a freestanding building with multiple tenancy options.

• Alternative Use

  Use

  Valuation

  Residential

  $3,995,684

  Hospitality

  $3,660,025

  Educational

  $3,045,098

  Medical

  $3,149,824

  Retail

  $4,736,819

Location Insight

City

Lexington

County

Fayette

State

Kentucky

Latitude

38.0027

Longitude

-84.5184

CBSA code

30460

CBSA name

LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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