High Profile Downtown Restaurant / Bar For Sale

Retail-Commercial for Sale
Catylist Listing ID: 30810670
Property Subtypes: Car Wash, Free-Standing Building, Mixed Use, Restaurant, Street Retail, Tavern/Bar/Nightclub
Building Size (RSF): 6,724 SF
Gross Building Area: See Agent
Sale Price: $1,999,000
Unit Price: $297.29 PSF
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/14/2022

Overview / Comments

Iconic Downtown Building For Sale. 307 W. Short St was built circa 1825 and is Lexington's oldest surviving post office. The property has been completely remodeled and its beautiful inside and out. The property currently serves as a full service bar restaurant with 156 seats and multiple dining areas, lounges, and elegant finishes. This 3-story building is appx 6,700 sf and has been designated the flexible B-2B zoning.

1st Floor consists of an impressive bar, booth seating and hi-top dining areas, 2 restrooms, modern light fixtures, new flooring, and a large kitchen area with stainless steel equipment.

2nd floor impresses with an awesome bar and 2 lounges, 2 dining areas including a private dining room, and 2 restrooms.

3rd floor also has a restroom, laundry room, and 4 office / storage rooms.

Additional Details

Nearest MSA: Lexington-Fayette
County: Fayette
Tax ID/APN: 10235250
Zoning: B-2B DOWNTOWN CENTER BUSINESS
Property Visibility: Excellent
Area Description: 307 W. Short St. is centrally located downtown at the corner of Mill St. and W. Short St. Just walking distance form Rupp Arena and the newly Renovated Convention Center, and future Town Branch Park. This location is a popular nightlife corridor for downtown.
Zoning Description: B-2B

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 19,736 131,638 239,998
Median Age: 31.58 34.58 35.51
Households: 8,459 54,816 101,785

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