497 E Main St - Office FOR SALE


Lexington, KY 40507
$1,295,000 USD
859-351-7924
497 E Main St, Lexington, KY for Sale
$1,295,000 USD
Office - FOR SALE
1/34
null | Request Cap Rate

497 E Main St
Lexington, KY 40507


HIGHLIGHTS

  • Free standing office/retail
  • New roof & paint in 2023
  • Flexible zoning uses
  • A+ location
  • High visibility and monument signage
  • Well-maintained

OVERVIEW

On behalf of Ann Greely Interiors, Inc., Block+Lot is pleased to bring to market 497 E. Main Street in Lexington, KY. The property features a 7,272 SF free-standing three-story building originally constructed around 1890, renovated and expanded in 1997, and sits on 0.24 acres zoned B-2A (Downtown Frame Business). The building offers a multitude of office, conference, showroom, break room/kitchenette, storage options and the flexible zoning creates opportunity for professional office, retail, and/or a residential conversion. The building comes with approximately 8 parking spaces with several additional parking options in close vicinity, a basement (not included in SF), monument signage, a freight elevator in the storage wing, and several built-ins. The building had a new roof installed and was freshly painted in 2023. 497 E. Main Street is located on the east end of Lexington's Central Business District in close proximity to the Kenwick, Ashland, and Chevy Chase neighborhoods. Fronting E. Main Street, the property enjoys direct traffic counts of 31,393 cars/day with outstanding nearby amenities such as dining, shopping, and financial institutions.

FOR SALE DETAILS

PRICE

$1,295,000 USD

PRICE/SF

$191 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Freestanding, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1890

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

B-2A

APN/PARCEL ID

16213475

ASK ABOUT THIS PROPERTY

Peter BarrBlock + Lot Real EstateMore Info
859-351-7924

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Peter BarrBlock + Lot Real EstateMore Info
859-351-7924

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.