131-133 N Limestone - Storefront FOR SALE


Lexington, KY 40507- Downtown Lexington
$775,000 USD
859-421-8959
131-133 N Limestone, Lexington, KY for Sale
$775,000 USD
Storefront - FOR SALE
1/5
null | Request Cap Rate

131-133 N Limestone
Lexington, KY 40507
Downtown Lexington


HIGHLIGHTS

  • -Stabilized tenant mix, anchored by Pearl's retail Lease, plus 4 apartment leases
  • In demand/high barrier for entry Downtown Lexington location at N. Limestone and W. Short Street
  • Extensive renovations, see attached list of improvements

OVERVIEW

-Three-story mixed-use building in excellent condition -Ground floor retail space leased to Pearl's restaurant, now a Downtown Lexington fixture with great success -Second and third floors consist of 4 studio apartments -Gross yearly income = $78,600 (inquire with agent for rental income and lease details) Ideally located in the heart of Downtown Lexington’s popular N Limestone retail corridor featuring numerous restaurants, retailers, and apartments. The property is also located directly across from the Fayette County Courthouse.

FOR SALE DETAILS

PRICE

$775,000 USD

PRICE/SF

$388 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1930

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

CROSS STREETS

W Short St

LAND ACRES

0.03 AC

LAND SF

1,307 SF

ZONING

B-2B

APN/PARCEL ID

16738950

ASK ABOUT THIS PROPERTY

Greg LeveridgeBlock + Lot Real EstateMore Info
859-421-8959

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Greg LeveridgeBlock + Lot Real EstateMore Info
859-421-8959

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.