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319 Cedar St
4,200 SF of Retail Space Available in Lexington, KY 40508
Highlights
- Reimagined high end retail or office FOR LEASE
- $2,600 - $6,000/month Modified Gross
- Existing elevator, sprinkler system, and dumbwaite
- ~4,200 SF of space available (can be divided)
- Professional office space hours are weekdays ending at 4:30 freeing up additional on-site parking
- Rent abatement available for qualified tenants
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 4,200 SF | Negotiable | $24.30 CAD/SF/YR $2.02 CAD/SF/MO $261.51 CAD/m²/YR $21.79 CAD/m²/MO $8,503 CAD/MO $102,041 CAD/YR | Modified Gross |
1st Floor
- Listed rate may not include certain utilities, building services and property expenses
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 319 Cedar St , Lexington, KY 40508
| Property Type | Retail | Year Built | 2012 |
| Property Subtype | Freestanding | Parking Ratio | 1.72/1,000 SF |
| Gross Leasable Area | 8,704 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 8,704 SF |
| Year Built | 2012 |
| Parking Ratio | 1.72/1,000 SF |
About the Property
SVN Stone Commercial is pleased to present a SLAM DUNK retail leasing opportunity in the heart of Downtown Lexington, KY. 319 Cedar Street is located just steps away from Rupp Arena and the University of Kentucky campus. The property has been reimagined and restructured to maximize the potential for the property and its tenants. This exceptional Class A brick building boasts top of the line finishes and brilliant curb appeal. The new ownership has transformed this building into a mixed-use property. The top floor has been crafted into a luxuriously designed short term rental, while the middle floor has been fit up for high end professional office space. The remaining ~4,200 SF is comprised of first floor retail/restaurant space and a kitchen in the basement of the building. Patio space is also potentially available for a suitable use. The first floor can be leased separately from the kitchen. See agent for details. This signalized corner of South Broadway and Cedar Street benefits from ~26,000 vehicles passing by each day, and a steady flow of foot traffic. Additional parking is available at a neighboring property after 6pm to meet the needs of a restaurant or bar use. Professional office space hours are weekdays ending at 4:30pm freeing up additional on-site parking. The lease structure is modified gross with the tenant paying a percentage of utilities, maintenance, and common area expenses. For more information please contact Harrison Lane at harrison.lane@svn.com // 859.436.2835.
- Corner Lot
- Freeway Visibility
- Signalized Intersection
- Storage Space
- Air Conditioning
Nearby Major Retailers
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319 Cedar St
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