3220 Nicholasville RdLexington, KY 40503

Property Details for 3220 Nicholasville Rd

Year built

1978

Lot size

26.49 AC

Property size (Sq ft)

222,168 SF

Zone code

B-6P

Property type

Community centers

APN

14090700

APU

14090700

Description

This exceptional Class A retail property, known as South Park Pad, boasts 220,000 square feet on a 34-acre lot in Lexington, Kentucky. Located at 3220 Nicholasville Rd, at the southeast quadrant of Nicholasville Road and New Circle Road, this multi-tenant property offers unparalleled visibility and accessibility. The property underwent a complete renovation in 2022, ensuring modern and efficient spaces for various businesses. Available spaces range from 7,000 to 43,560 square feet, catering to a variety of needs, including junior box, big box, outlot, restaurant, bank, automotive, office, medical, and daycare uses. Its strategic location places it directly across from Lexington Green and Fayette Mall, the state's largest mall, ensuring high foot traffic and brand exposure. The center is already home to a flagship Academy Sports location and will soon welcome a Main Event location, solidifying its position as Lexington's premier retail destination. Fayette County zoning provides a stable and attractive investment opportunity. This property presents a unique chance to establish or expand your business within a thriving retail environment. The property's size and flexibility make it ideal for a variety of retail concepts. Contact us today to learn more about the available spaces and leasing opportunities.

• CAP approach

  CAP return

  Valuation

  6%

  $56,032,896

  6.5%

  $51,722,676

  7%

  $48,028,196

• Comparable approach

  Method

  Valuation

  Relative Method

  $47,590,044

  Geo Method

  $48,193,040

• Alternative Use

  Use

  Valuation

  Residential

  $43,630,012

  Hospitality

  $39,964,856

  Educational

  $33,250,290

  Medical

  $34,393,820

  Retail

  $51,722,676

Location Insight

City

Lexington

County

Fayette

State

Kentucky

Latitude

37.9932

Longitude

-84.5206

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].