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Freestanding Restaurant - Newtown Crossing Outparcel | Lexington, KY

350 Foreman Ave, Lexington, KY 40508

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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

NameRateSFVacantAvailable DateStatus
BuildingNegotiable3,258 SFYes04/21/2026available

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