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    Lexington, KY
    Creative Space

    Lexington, KY Creative Space for Sale

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    Historic Creative Office Building
    Updated: Apr 21
    Historic Creative Office Building

    146 E Third Street, Lexington, KY 40508

    $1,750,000
    6,848 sqft 0.21 AC lot
    Historic 1840 two‑story creative office building at 146 E. Third St in Downtown Lexington
    Approx. 6,848 SF above grade plus 410 SF finished lower level for storage or supplemental workspace
    Renovated in 2015 with new roof, HVAC systems, windows, elevator, and rear staircase
    Main level features original hardwood floors and exposed brick, boardroom with folding privacy doors, granite counters, and fireplace
    Includes tiled kitchenette with dishwasher, two restrooms (including a full bath with shower), and direct access to flexible garage space with drive‑in door
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    This listing looks promising.

    Here's a quick look at some key insights for

    146 E Third Street, Lexington, KY 40508

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    • Est. Cap Rate

      4.4%
      NOI ÷ price

    • Est. NOI

      $77K
      Annual

    • Mortgage

      $1.06M
      Feb 2020

    • Last Sold

      Jan 2010
      $275K

    • Property Type

      Office Building
      Built 1890
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    Creative Office Building
    Updated: Apr 21
    Creative Office Building

    146 E Third St, Lexington, KY 40508

    Contact for pricing
    7,258 sqft
    Historically renovated two‑story creative office building built in 1840 at 146 E. Third Street
    Total space includes approx. 6,848 SF above grade plus approx. 410 SF finished lower‑level space
    2015 renovation with new roof, HVAC systems, windows, elevator, and porous concrete parking surface
    Main level features original hardwood floors, exposed brick, distinguished boardroom with fireplace, library with custom maple cabinetry and quartz counters
    On‑site parking includes six dedicated spaces, plus a flexible garage space with drive‑in door and direct access from the building
    View details
    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Lexington, KY, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Flexible-Layout Flex Space
    Flexible-Layout Flex Space

    1605 Western Ave, Cincinnati, OH 45214

    Contact for pricing
    15,200 sqft

    Supports retail, creative office, showroom, and light industrial users.

    View details
    Single-Level Office Building with Patio
    Single-Level Office Building with Patio

    908 Minoma Avenue, Louisville, KY 40217

    Contact for pricing
    3,061 sqft

    Single-level office with private patio, abundant natural light, and multiple offices suited for professional and specialty uses.

    View details
    Two-Story Creative Office Building
    Two-Story Creative Office Building

    306 East Main Street, Cincinnati, OH 45202

    Contact for pricing
    7,416 sqft

    Well-maintained two-story painted brick office building with rooftop deck and a roof installed in 2016.

    View details
    Mixed-Use Building with Creative Space
    Mixed-Use Building with Creative Space

    307 W Muhammad Ali Blvd, Louisville, KY 40202

    Contact for pricing
    39,900 sqft

    39,900 SF mixed-use building featuring creative office and retail space.

    View details

    Lexington, KY Creative Space Market Trends and Statistics

    Explore 2 creative space for sale in Lexington, KY on our real estate platform. These investment opportunities span a total of 14,106 square feet of properties for sale, with an estimated market value of $1,750,000.

    Sale prices for creative space in Lexington, KY average $1,750,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Office Units 190
    Office buildings 67
    Medical Office Space 30
    Coworking space 7
    Creative space 7

    Demographics Overview

    Population 322K
    Population Growth (5Y) +1.0%
    Median Household Income $71,202
    College Educated 25.6%

    High-Yield Neighborhoods for Investment

    Identify Lexington submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    40508 $1.8M

    Taxes & Financing

    Tax Rate (average for all types) 1.22%
    Property Tax per SF $11.25 per SF
    Tax Rate vs County Average 0.01 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Fayette County

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

    The majority of commercial real estate listings in Lexington fall within the 2,500 to 5,000 square foot range.

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