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22463708
22463714

254 E New Circle Rd, Lexington, KY 40505

WL
KY KY 245654
SVN | Stone Commercial Real Estate
ND
KY 76902
SVN | Stone Commercial Real Estate
MS
KY 67499
SVN | Stone Commercial Real Estate
Listed by SVN | Stone Commercial Real Estate
$2,200,000
462 days on market
Updated 77 days ago

Former Walgreens with Drive-Thru in Lexington, KY

Details
Property Type Retail
Sub Type Convenience Store
Buildings 1
Acreage 2.190
Zoning B-3

Retail

Marketing description

SVN Stone Commercial Real Estate is pleased to present 254 E New Circle Rd, Lexington, KY, a 15,048 SF free-standing retail building with a drive-thru on 2.19 acres, originally constructed for Walgreens.

Positioned along New Circle Road (36,658 VPD), this property offers high visibility and accessibility in a well-established retail corridor. Located next to a newly constructed Dutch Bros Coffee, Chick-Fil-A, Panda Express, Bank of America, Kroger, and more. The site benefits from strong retail synergy along New Circle Road. The property features a drive-thru, ample parking, and pylon signage, making it well-suited for retail, medical, office, or other commercial uses under its B-3 zoning.

Additionally, the property includes a billboard that generates an additional revenue stream of $950/month.

For more information please contact Weston Lockhart at [email protected] // 859.317.3538, Nathan Dilly at [email protected] // 859.420.5492, or Matt Stone at [email protected] // 859.351.5444.

Investment highlights

15,048 SF free-standing retail building

Zoned B-3 (Highway Business)

Built for Walgreens – adaptable for a variety of uses

36,658 VPD on New Circle Rd with strong surrounding retail

Drive-thru in place for added flexibility

Pylon signage for visibility

Listing Contacts

WL
KY KY 245654
SVN | Stone Commercial Real Estate
ND
KY 76902
SVN | Stone Commercial Real Estate
MS
KY 67499
SVN | Stone Commercial Real Estate
Listed by SVN | Stone Commercial Real Estate

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Zoning

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B-3 CommercialSpecial CommercialCorridor Business
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Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

Name
Weston Lockhart
License
KY 245654
Brokerage Phone
8593173538
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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