3401 Nicholasville RdLexington, KY 40503

Property Details for 3401 Nicholasville Rd

Year built

1971

Lot size

17.79 AC

Property size (Sq ft)

318,370 SF

Zone code

B-6P

Property type

Retail properties

Property subtype

Super regional malls

APN

13863175

APU

13863175

Description

The Plaza at Fayette offers exceptional office space within a vibrant, open-air lifestyle center adjacent to Fayette Mall in Lexington, Kentucky. Two available suites range from 3,999 to 7,200 square feet, ideal for various office needs, including executive, medical, coworking, creative, and traditional office setups. This 215,745 square foot property benefits from a strong location within a thriving retail and entertainment hub, featuring restaurants and a 16-screen Cinemark movie theatre. Lexington's robust economy, fueled by major corporations like Toyota, Amazon, and IBM, and a high household income of nearly $68,000, ensures a strong tenant base. The area boasts a highly educated workforce, ranking among the nation's best places to live and work, further enhancing the property's appeal. The proximity to the University of Kentucky, with over 30,000 students, provides a large potential customer base. This prime location, combined with the diverse amenities and strong economic indicators, makes The Plaza at Fayette an unparalleled opportunity for businesses seeking a prestigious and convenient office space in a dynamic market. The property is situated in Fayette County and offers multiple tenancy options.

• CAP approach

  CAP return

  Valuation

  6%

  $80,295,960

  6.5%

  $74,119,352

  7%

  $68,825,112

• Comparable approach

  Method

  Valuation

  Relative Method

  $68,197,232

  Geo Method

  $69,061,328

• Alternative Use

  Use

  Valuation

  Residential

  $62,522,444

  Hospitality

  $57,270,224

  Educational

  $47,648,152

  Medical

  $49,286,848

  Retail

  $74,119,352

Location Insight

City

Lexington

County

Fayette

State

Kentucky

Latitude

37.9909

Longitude

-84.5288

CBSA code

30460

CBSA name

LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].