Active
Freestanding Restaurant - Newtown Crossing Outparcel | Lexington, KY
350 Foreman Ave, Lexington, KY 40508
1 / 7

Overview
We are pleased to present a great restaurant leasing opportunity near University of Kentucky and downtown Lexington. Strategically positioned as a corner outparcel to Newtown Crossing, a ±356-unit student housing with roughly 942 students, the property enjoys a built-in customer base. Additionally, it is within walking distance to University of Kentucky and Downtown Lexington, placing it in a highly active and densely populated trade area with strong daytime and evening traffic.
- ±3,258 SF freestanding, second-generation restaurant opportunity (former Tolly Ho)
- Just off South Broadway, benefiting from strong visibility and traffic counts of +/-26,047 VPD
- Recently renovated, the space is well-positioned for another restaurant user, featuring an existing pick-up window and a rear exterior patio area—ideal for dine-in, takeout, or hybrid service models
- +/- 44 on-site parking spaces available
- Newtown Crossing is the anchor to one of the most dense student housing clusters in Lexington with ±356-units and 942 residents
- The corridor along South Broadway, Upper Street and Red Mile Road is heavily dominated with up to 3,000 beds within a short walk of the site
- Within walking distance to the University of Kentucky and Downtown Lexington, placing it in a highly active and densely populated trade area with strong daytime and evening traffic
Lease Spaces
| Name | Rate | SF | Vacant | Available Date | Status |
|---|---|---|---|---|---|
| Building | Negotiable | 3,258 SF | Yes | 04/21/2026 | available |
For Lease
Retail
Secondary Uses: Free Standing, Restaurant
- Lease Rate
- Negotiable
- Available SF
- 3,258 SF
- Building Size
- 3,258 SF
- Acres
- 0.2833 ac
- Is Vacant
- Yes
- Zoning
- B-1
- Zoning Desc.
- Neighborhood Business
- Lease Type
- NNN
- Signage
- On Building
- Showing
- Contact Broker/Agent
- # of Buildings
- 1
- Floors
- 2
- Year Built
- 2005
- Year Renovated
- 2024
- Parking Type
- Surface
- Parking Spaces
- 44
- Tenancy
- Single Tenant
- Property Use Type
- Vacant/Owner-User
- Property Status
- Existing
- Vehicles Per Day
- 26,047 VPD
- County
- Fayette
- Available
- 04/21/2026
- Listed
- 04/21/2026
- Updated
- 04/21/2026
- Listing ID
- 9f77e8da
- Parcel APN
- 13396700





