2907 Richmond RdLexington, KY 40509

Property Details for 2907 Richmond Rd

Year built

1997

Lot size

0.98 AC

Property size (Sq ft)

7,709 SF

Zone code

B-3

Property type

Sports & entertainment properties

APN

20009440

APU

20009440

Description

Lakeview Plaza, located at 2907 Richmond Rd, Lexington, KY 40509 (SEC Richmond Rd & Tabor Rd), presents a significant retail investment opportunity. This single-story, 172,865 square foot shopping center sits on a substantial 18-acre lot and boasts 736 parking spaces, ensuring ample customer convenience. Built in 1979, the property is zoned B-3, allowing for a variety of commercial uses. Currently, there is 7,719 square feet of vacant space available, offering immediate potential for expansion or new tenants. The property's multiple tenancy structure provides a diverse income stream and a strong foundation for future growth. Its high-traffic location at the intersection of Richmond Rd and Tabor Rd guarantees excellent visibility and accessibility for businesses. This is a rare opportunity to acquire a well-established retail center with significant upside potential in a thriving Kentucky market. The property's size and location make it ideal for a variety of retail uses, from large anchor stores to smaller specialty shops. The substantial parking area further enhances its appeal to both tenants and customers. Interested parties should note the available outlot and in-line space.

• Alternative Use

  Use

  Valuation

  Residential

  $1,513,916

  Hospitality

  $1,386,739

  Educational

  $1,153,751

  Medical

  $1,193,430

  Retail

  $1,794,723

Location Insight

City

Lexington

County

Fayette

State

Kentucky

Latitude

38.0048

Longitude

-84.4488

CBSA code

30460

CBSA name

LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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