135 W Main St - Restaurant FOR SALE


Lexington, KY 40507- Downtown Lexington
$2,950,000 USD
859-224-2000
135 W Main St, Lexington, KY for Sale
$2,950,000 USD
Restaurant - FOR SALE
1/12
null | Request Cap Rate

135 W Main St
Lexington, KY 40507
Downtown Lexington


HIGHLIGHTS

  • Fully renovated mixed-use building with three floors and basement in the downtown business district.
  • Prime Main Street exposure with potential for custom building signage.
  • First floor occupied by Nic & Norman’s, an established full-service restaurant.
  • Two upper floors configured for modern office use with elevator access and updated systems.
  • Surrounded by hotels, dining, entertainment, and parking options within walking distance.
  • Located near Rupp Arena, the 21c Museum Hotel, and the City Center development.

OVERVIEW

135 W Main Street presents a compelling investment opportunity in the heart of downtown Lexington. This 11,500-square-foot mixed-use property consists of three floors and a basement with recent renovations enhancing its functionality and value. A premier location across from the City Center development and adjacent to the 21c Museum Hotel ensures strong foot traffic and brand visibility. The first floor houses Nic & Norman’s Restaurant, offering immediate income, while the top two floors provide modern office spaces ideal for tenants or future conversion by an owner-user. Zoned B-2B for Downtown Center Business, the property affords flexibility for retail and office uses. Surrounding amenities include 425 hotel rooms within one block, vibrant dining, and entertainment at Rupp Arena and LexLive. Exceptional accessibility and exposure along Main Street, combined with comprehensive upgrades such as a passenger elevator, updated HVAC systems, and versatile floor plans, make this asset a rare opportunity for buyers seeking long-term value in Lexington’s thriving urban core.

FOR SALE DETAILS

PRICE

$2,950,000 USD

PRICE/SF

$232 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Downtown Mixed-Use Investment

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1951

SPRINKLERS

-

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

B-2B

APN/PARCEL ID

12965400

ASK ABOUT THIS PROPERTY

Jamie AdamsNAI IsaacMore Info
859-224-2000

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Jamie AdamsNAI IsaacMore Info
859-224-2000

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