Mixed-Use Gem in Downtown
For Sale
$6,500,000
144 N Broadway, Lexington, KY 40507
COMMERCIAL - Lexington, KY
Property Size18,032 SF
Lot Size0.18 Acres
Price / SF$360.47
Days on Market74
Property Features for 144 N Broadway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
B-2B
Rooms
Basement
Basement
Partially Finished, Full
Subdivision
Downtown
Directions
Broadway, cross over Short Street building is on your right.
Standard status
Active
APN
14145700
Size
18,032 SF
Lot size
0.18 Acres
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating)
Cooling system
Central Air, Electric, Multi Units
Building Details
Year built
1915
Floors in Building
4
Building materials
Brick, Concrete, Glass
Roof type
Membrane, Flat
Listing Agency:
Bluegrass Sotheby's International Realty
(859) 268-0099
Listed By:
Christopher Mitchell · License #197495
(859) 321-2898
Added: May 19
Changed: Jun 26
Last Checked: Jul 31 at 12:06AM
MLS# 26011350
Copyright © 2026 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This four-story mixed-use property is located in downtown Lexington. The ground floor features a private club with high-end finishes. The second floor has flexible layouts suitable for boutique offices or creative studio spaces with natural light and views of the cityscape. Floors three and four house five luxury Air B&B units. The property is located near dining, bourbon bars, and cultural landmarks. The building offers diverse income streams and is suitable for an investor or owner-occupier. The property size is 18,032 square feet and the lot size is 0.18 acres.
Key Highlights
- Four‑story mixed‑use building in downtown Lexington
- Year built: 1915
- Brick, concrete, and glass construction materials
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $324.6k | $18.00 |
| − Vacancy | −$55.8k | −$3.10 |
| EGI | $268.7k | $14.90 |
| − OpEx | −$67.2k | −$3.73 |
| NOI | $201.6k | $11.18 |
18,032 SF · lease $18.00/SF/yr · vacancy 17.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.88M
$2.52M – $3.36M
NOI $201,562 @ 7.0% cap · market cap 3.10%
Second Best
Mixed Use
$2.43M
$2.13M – $2.84M
NOI $170,402 @ 7.0% cap · market cap 2.62%
Theoretical Best
Office A
$3.76M
$3.29M – $4.38M
NOI $262,984 @ 7.0% cap · market cap 4.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
3,123
Businesses Nearby
Explore this area
Business Placement
Demographics for 40507, KY
2,043
Population
1,765
Households
1.2
Avg Household Size
44
Median Age
54%
College-Educated
93%
High-School Grad
0.4 sq mi
ZIP Area
5,108
Density / Sq Mi
$34,543
Median Household Income
$40,826
Median Earnings
$642
Median Rent
$391,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Four-story mixed-use property in the heart of downtown Lexington.
Where is this mixed-use property located?
The property is located at 144 N Broadway Lexington, KY.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: Four‑story mixed‑use building in downtown Lexington; Year built: 1915; Brick, concrete, and glass construction materials
