Office Building For Sale -Downtown Lexington

Office for Sale
Catylist Listing ID: 30814329
Property Subtypes: Office Building
Building Size (RSF): 6,037 SF
Gross Building Area: 6 SF
Sale Price: $1,225,000
Unit Price: $202.92 PSF
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User
Class of Space: Class B
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 9/2/2022

Overview / Comments

Located in the heart of the Central Business District this property stands prominently on Main St. 127-129 W. Main St. is a quality 3-story office building with the flexible B-2B downtown zoning classification. The tall storefront windows and classic building fa├žade give the building excellent street presence and visibility. The building has wooden floors throughout, tall ceilings, interior exposed brick walls, and is fully sprinkled!

The first floor has a beautiful reception area, 3 private offices, kitchenette, conference room, 2 bathrooms, and a data/copy room. Second floor has 5 private offices, conference room, another kitchenette, and 2 restrooms. The third floor has 3 private offices, 1 restroom, and an open work area.

Zoning allows for office, retail, or residential uses. Property is located in the Downtown Management District and an Opportunity Zone!

Attachments & Media

Additional Details

Nearest MSA: Lexington-Fayette
County: Fayette
Tax ID/APN: 12105678
Zoning: B-2B
Area Description: 127-129 W Main St. is located right in the middle of downtown between N. Upper St. and N. Limestone across from the newly built City Centre home to a new Marriott and Residence Inn. This location is ideal for walkability to Rupp Arena and the Convention Center, Old and new Court House, shopping and restaurants. Neighbors include the popular 21C hotel, new Nic & Normans restaurant /bar, Bourbon on Rye, Starbucks, and Keeneland mercantile!
Total Number of Buildings: 1
Number of Stories: 3
Typical SF / Floor: 2,253 SF
Year Built: 1940
Roof Type: Flat
Parking Type: Other
Sprinklers: Wet

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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
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