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$ 1,825,000
7,343 SqFt
$ 1,825,000
7,343 SqFt
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 7,343 sqft
Price per Sqft $248
Subdivision Commercial
MLS Listing ID 26004750
Year Built 1930
Lot Size 2,252 Sqft
Acres 0.05
Property Sub-Type Retail
Property Description
Rarely available downtown building with upscale renovations throughout. First Floor owner-occupied by Georgie's Social House with Lease back preference/potential for fresh 5-year term open closing. https://georgieslexington.com Second Floor on a recent Lease with 5-year term through October 2030 (Relix Bridal, Inc.): https://relixbridal.com Third floor offers common kitchenette and restrooms with individual office suites that historically lease for $750/month. Now vacant to accommodate new owner preference as it could be easily converted to a single office space for owner use, or for new single-tenant lease, or to continue as individual office suites which typically lease quickly. Complete renovations in 2020 included new roof, hardwood floors throughout, elevator (coded for private access), new lobby with mail room, 2 kitchenettes, 2 restrooms per floor, new HVAC systems, interior and exterior paint, handicap accessible ramp, and attractive and creative office look on floors 2 and 3 with exposed brick and open ceilings. Location Description: -Prime Downtown Location on popular N Limestone Street @ corner of Church Street -Across from the Courthouse, making it attractive to attorneys and various office users -Surrounded by downtown staple restaurants like Le Deauville, Corto Y Lima, Pearl's, Lussi Brown Coffee, Jack Brown's, and more Property Highlights: -A classic 3-story building with an elevator, this is one of the most historic buildings in Downtown Lexington -Opportunity for owner occupancy, or as investment opportunity given seller lease back potential + recent second floor lease on 5-year term, and potential for quick activiation of new office lease(s) on the third floor -This offering has been intentionally timed and structured to accommodate variety of Buyer preferences - from establishing new owner/use possibilities, buyer preferred tenancies, or toward furthering the existing seller tenancy opportunities
Location
State KY
County Fayette
Zoning Other
Exterior
View Y/N N
Handicap Access No
Private Pool No
Listed by Block + Lot Real Estate
Nearby School & Business