For Sale | 135 W Main Street | Lexington, KY

Retail-Commercial for Sale
Catylist Listing ID: 30708296
Property Subtypes: Mixed Use, Restaurant, Street Retail
Building Size (RSF): 11,500 SF
Gross Building Area: See Agent
Sale Price: $2,695,000
Unit Price: $234.35 PSF
In Opportunity Zone? Yes
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/10/2021

Overview / Comments

Opportunity to purchase a completely renovated Main Street mixed-use restaurant and office building in the heart of downtown Lexington. The first floor restaurant and bar space currently occupied by West Main Crafting can be occupied by the purchaser to either take over operations or bring in a new concept. West Main Crafting would also consider continued operation in the space, if desired. The current owner substantially renovated the first floor upon acquiring the building in 2017. A few of the major renovations include: a full restaurant kitchen and bar build out, installation of structural steel allowing the floor plan to be opened up and installation of an elevator. The 2nd and 3rd floors are occupied by a wealth management company and have also recently been renovated to a modern office aesthetic.

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Additional Details

Nearest MSA: Lexington-Fayette
County: Fayette
Zoning: B-2B, DOWNTOWN CENTER BUSINESS
Property Located Between: N Upper St & N Limestone
Property Visibility: Excellent
Feet of Frontage: 295
Airports: Blue Grass Airport
Area Description: Located in the heart of downtown Lexington across Main Street from the newly developed City Center and adjacent to the 21c Hotel. Lexington's Central Business District offers an abundance of employment, service, restaurant, shopping and entertainment options creating an energetic and convenient environment. This location is within walking distance of many restaurants, shopping and attractions along the Jefferson Street corridor as well as Lexington's Central Business District, the $241M expansion/renovation of the Lexington Convention Center/Rupp Arena (under construction), the future $40M Town Branch Park (under construction), Transylvania University, The Cheapside Pavilion, the United States District Courthouse, the $32M recently renovated Fayette County Courthouse, Opera House, Children's Museum, Triangle Park and The Square.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 3
Typical SF / Floor: 3,833 SF
Property Condition: Good
Year Renovated: 2017

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 21,072 130,348 242,888
Median Age: 32.3 35.21 35.48
Households: 9,342 54,926 102,793

Contact

Photograph of Listing Agent

Jamie Adams

NAI Isaac KCREA Member
Photograph of Listing Agent

J.L. Cannady

NAI Isaac KCREA Member
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