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Key Details
Sold Price $685,000
Property Type Vacant Land
Sub Type Business
Listing Status Sold
Purchase Type For Sale
Square Footage 3,468 sqft
Price per Sqft $197
Subdivision Commercial
MLS Listing ID 25008843
Sold Date 09/29/25
Year Built 1930
Lot Size 1,176 Sqft
Acres 0.03
Property Sub-Type Business
Property Description
-Three-story mixed-use building in excellent condition
-Ground floor retail space leased to Pearl's restaurant, now a Downtown Lexington fixture with great success
-Second and third floors consist of 4 studio apartments
-Gross yearly income = $78,600 (inquire with agent for rental income and lease details)
Ideally located in the heart of Downtown Lexington's popular N Limestone retail corridor featuring numerous restaurants, retailers, and apartments. The property is also located directly across from the Fayette County Courthouse.
Property Highlights:
-Stabilized tenant mix, anchored by Pearl's retail Lease, plus 4 apartment leases
-In demand/high barrier for entry Downtown Lexington location at N. Limestone and W. Short Street
-Extensive renovations, see attached list of improvements
Location
State KY
County Fayette
Exterior
View Y/N N
Handicap Access No
Private Pool No
Others
Special Listing Condition Standard
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