High-End Chevy Chase Retail and Residential Opportunity — FOR LEASE

Retail-Commercial for Lease
Catylist Listing ID: 30750023
Property Subtypes: Free-Standing Building, Mixed Use, Street Retail, Other
Contiguous Space: 2,700 - 5,654 SF
Total Available: 8,354 SF
Gross Building Area: 5,654 SF
Lease Rate: $30 PSF (Annual)
Base Monthly Rent: $6,750 - 14,135
Lease Types: NNN
Last Updated: 8/31/2021

Overview / Comments

We are pleased to present this 5,654 sf award winning property in the heart of Lexington’s Chevy Chase neighborhood. Having been featured in Kentucky’s Home and Garden magazine, and profiled in the Herald Leader, 859 E High Street is on the market FOR LEASE for the first time ever. The property is ready for a fresh new concept to accompany other hip concepts nearby.

With a history of high-end customers from nearby 40502 and ample student traffic from University of Kentucky, 859 E High Street boasts of having one of the most visible locations in all of Lexington, KY — sitting proudly at the corner of E High St and Euclid Avenue. This retail, flex, office, and/or AirBnb opportunity is ready for a creative entrepreneur to capitalize on High Street’s high VPD (18,000+) and walkability to high income neighborhoods and campus life nearby. Owners would consider retail lease on ground floor with potential combination of upstairs retail, and/or master lease of entire building for retail/office/AirBnb joint concept.

We look forward to showing this great opportunity.

$30/sf NNN
E High St VPD (18,000+)
First floor + Second floor retail — 2,000 sf + additional 755 sf of flex space
Entire Property — 5,654 sf
Minutes from Lexington’s downtown and minutes from University of Kentucky
6-7 parking spots + garage/flex space available. Tenant would be granted use of adjacent parking lot at certain times depending on use.
Opportunity to add kitchen space in upstairs retail area.
Join other high end retailers like Pure Barre, Haute House, Luxe Lounge MedSpa, McAllister’s, Liquor Barn, Walgreen’s, Graeter’s Ice Cream, Drybar, Bourbon n’ Toulouse, Tomo, Bear & The Butcher, Starbucks, & more!

Expand All 2 Spaces Available

Suite: Entire Building 5,654 SF $30 PSF (Annual) NNN
Suite: Upstairs and Downstairs Retail 2,700 SF $30 PSF (Annual) NNN

Additional Details

Nearest MSA: Lexington-Fayette
County: Fayette
Tax ID/APN: 17217210
Zoning: B-1
Retail Clientele: General, Family, Business, Traveler, Tourist
Property Located Between: E High Street & Euclid Ave
Property Visibility: Excellent
Largest Nearby Street: E High Street
Area Description: Lexington's Chevy Chase neighborhood is a thriving example of an early 20th century urban and inner suburban, mixed use neighborhood noted for its convenient location, pedestrian friendly tree-lined streets, excellent residential architecture, parks, shopping and schools. This very desirable area is often sought after by residents who appreciate older homes and easy access to the heart of Lexington, where they can find restaurants, shopping, groceries, and cultural events - all within walking distance. Area demographics are very desirable with well above average home prices.
Property Condition: Good
Year Built: 1949

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 23,785 136,040 265,287
Median Age: 29.9 34.85 35.03
Households: 9,225 60,245 112,572
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