Former Walgreens in Lexington, KY
254 E New Circle Rd, Lexington, KY 40505

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
Attachments
Links
For Sale
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














