Retail/Office Flex Conversion Minutes from Downtown

Highlights:

• Investment Highlights
• Open‑Plan Showroom Canvas – Two floors of contiguous display space minimize demolition and accelerate tenant improvements for retail, creative office, gallery, or experiential concepts.
• Multi‑Tenant Upside – Independent entrances and clear floor plates allow vertical split (ground‑floor retail, second‑floor office/studio) or horizontal bays for multiple users.
• Instant Equity vs. Submarket Pricing – Enter at $81.25/SF vs. Retail $183/SF, Office $112/SF, Industrial $78/SF.
• Strategic Access – <1 mi to New Circle Rd (KY‑4) and 4 mi to I‑75/I‑64; 10 min to Downtown & UK campus.
• Expandable Parking – Adjacent lot available for lease to support higher parking ratios.

Description:

Own a unique Lexington asset priced at industrial dollars with retail & office upside. The entire 32,000 SF interior is presently configured as an open‑plan furniture showroom. With few internal demising walls, 9′‑12′ clear heights, and abundant display lighting, this property offers a blank canvas. Keep the ground floor as high‑impact retail, convert the second level into creative office suites, or maintain a single‑user showroom. Recent capital upgrades (2020 & 2025) include mechanicals, structural, interior and exterior enhancements, and beautifully refinished hardwoods on the second floor and polished concrete on the lower level, ensuring a move‑in‑ready platform for an owner‑occupant to custom‑tailor the space further.

At $79.74 / SF you secure space within the East Fayette industrial pricing benchmark of $78/SF while unlocking margins against retail ($183/SF) and office ($112/SF) comparables.

Conveniently located in the heart of Lexington, KY, the area offers a diverse mix of dining, retail, and entertainment options. Easy access to major transportation routes and proximity to the historic East End and downtown district make it an ideal location for office and office building investors.