161 N Limestone - Office FOR SALE


Lexington, KY 40507- Downtown Lexington
$1,825,000 USD
859-421-8959
161 N Limestone, Lexington, KY for Sale
$1,825,000 USD
Office - FOR SALE
1/13
null | Request Cap Rate

161 N Limestone
Lexington, KY 40507
Downtown Lexington


HIGHLIGHTS

  • A classic 3-story building with an elevator, this is one of the most historic buildings in Downtown Lexington
  • Opportunity for owner occupancy, or as investment opportunity given seller lease back potential + recent second floor lease on 5-year term, leasback
  • This offering has been intentionally timed and structured to accommodate variety of Buyer preferences

OVERVIEW

Rarely available downtown building with upscale renovations throughout. First Floor owner-occupied by Georgie’s Social House with Lease back preference/potential for fresh 5-year term open closing. https://georgieslexington.com Second Floor on a recent Lease with 5-year term through October 2030 (Relix Bridal, Inc.): https://relixbridal.com Third floor offers common kitchenette and restrooms with individual office suites that historically lease for $750/month. Now vacant to accommodate new owner preference as it could be easily converted to a single office space for owner use, or for new single-tenant lease, or to continue as individual office suites which typically lease quickly. Complete renovations in 2020 included new roof, hardwood floors throughout, elevator (coded for private access), new lobby with mail room, 2 kitchenettes, 2 restrooms per floor, new HVAC systems, interior and exterior paint, handicap accessible ramp, and attractive and creative office look on floors 2 and 3 with exposed brick and open ceilings. Location Description: -Prime Downtown Location on popular N Limestone Street @ corner of Church Street -Across from the Courthouse, making it attractive to attorneys and various office users -Surrounded by downtown staple restaurants like Le Deauville, Corto Y Lima, Pearl's, Lussi Brown Coffee, Jack Brown's, and more

FOR SALE DETAILS

PRICE

$1,825,000 USD

PRICE/SF

$250 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1930

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

B-2B

APN/PARCEL ID

10940300

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 Notice.