Street Level Office/Retail Opportunity

Retail-Commercial for Lease
Also listed as Office
Catylist Listing ID: 30824406
Property Subtypes: Mixed Use, Street Retail
Contiguous Space: 564 - 1,894 SF
Total Available: 2,458 SF
Gross Building Area: See Agent
Lease Rate: $19 PSF (Annual)
Base Monthly Rent: $893 - 2,998
Lease Types: Modified Gross
In Opportunity Zone? Yes
Building Name: Arlington Lofts
Last Updated: 2/27/2024

Overview / Comments

Arlington Lofts is a mixed-use, multi-family development featuring street-level office and retail space below 81 residential units on the second and third level (100% occupancy). The property was built in 2020 and the high-visibility spaces have modern aesthetic with expansive windows. The property features 21 parking spaces. We are seeking service-oriented retail/office tenants to serve the already built-in clientele with 81 potential customers right above in the apartments, and many more in the surrounding residences! This would be a great location for start-up companies and new businesses such as wellness, banking, credit exchange, dry cleaning, sandwich or dessert shop, phone repair, hardware store, pharmacy, convenience store, vape shop, home goods, etc.

Suite 110 is 1,894 SF and features two offices, reception area, conference room, open work area, a kitchenette, and two restrooms. This creative office space is loaded with industrial character with sealed concrete floors and exposed ductwork.

Suite 116 was previously used as a pharmacy and includes a restroom, built-in cabinetry specific to that use but potentially applicable for other uses.

The property is located on the Northside of Downtown Lexington in the No-Li District. Located 0.6 miles from New Circle Road, steps away from eateries and specialty stores at Greyline Station, and 0.3 miles from the Night Market, which is a pop-up open air market held annually the first Friday of the month from May-December and adds to the neighborhood’s hip, pedestrian vibe.

Attachments & Media

Expand All 2 Spaces Available

Suite: 110 1,894 SF $19 PSF (Annual) Modified Gross
Suite: 116 564 SF $19 PSF (Annual) Modified Gross

Additional Details

Nearest MSA: Lexington-Fayette
County: Fayette
Tax ID/APN: 10963200
Zoning: MU-2
Property Visibility: Excellent
Area Description: The property is located on the Northside of Downtown Lexington in the No-Li District. The property is located 0.6 miles from New Circle Road and 0.3 miles from the Night Market. The No-Li Night Market is a pop-up open air market held annually the first Friday of the month from May-December.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Year Built: 2020
Total Parking Spaces: 21
Parking Type: Surface
Zoning Description: Neighborhood Corridor

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,507 104,325 205,079
Median Age: 37.56 33.94 35.55
Households: 7,075 43,598 86,067

Contact

Photograph of Listing Agent

Robert K Lewis lll

Block & Lot Real Estate KCREA Member
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