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Former Walgreens in Lexington, KY

254 E New Circle Rd, Lexington, KY 40505

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Overview

We are 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.

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

For Sale

Retail

Secondary Uses: Free Standing

Sale Price
$2,200,000
Price Per SF
$146.2/SF
Building Size
15,048 SF
Acres
2.206 ac
Zoning
B-3
Number of Buildings
1
Floors
1
Year Built
2000
Construction Siding
Concrete
Construction Type
Framed
Property Status
Existing
Lot Size
242' wide
County
Fayette
Created
03/24/2025
Updated
01/07/2026
Listing ID
3974f02b
Parcel APN
45663600