Rare Adaptive Reuse Opportunity in Downtown Lexington

Retail-Commercial for Sale
Sale Pending
Also listed as Office, Multi-Family
Catylist Listing ID: 30377352
Property Subtypes: Free-Standing Building, Mixed Use, Street Retail
Status: Pending
Building Size (RSF): 2,305 SF
Gross Building Area: See Agent
Gross Land Area: 0.12 Acres
Sale Price: $465,000
Unit Price: $201.74 PSF
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Building Name: Saunier Street Livery
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/1/2023

Overview / Comments

This uniquely beautiful building rests right in downtown Lexington. It was erected between 1890-1896 as a horse & carriage stable. The original Victorian facade still exists along with the ornate masonry structure and wood frame interior. The ground level has appx 2,305 sf with an additional 1,500 SF in the loft. There is an open lot in the rear with appx 2,923 SF. This property is exceptional for adaptive reuse.

Additional Details

Nearest MSA: Lexington-Fayette
County: Fayette
Tax ID/APN: 16501702
Zoning: B-2A
Property Located Between: Second St. and Short St.
Area Description: 171 Saunier St is across from Broadway Christian Church and sits between W. Short St. and Second St. with easy access to N. Broadway.
Total Number of Buildings: 1
Property Condition: Poor
Year Built: 1890
Roof Type: Gable
Construction/Siding: Brick
Sprinklers: None

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,767 131,540 232,019
Median Age: 32.13 34.52 35.59
Households: 8,219 54,526 98,372
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