Four-Story Mixed-Use
For Sale
$5,700,000
144 N Broadway, Lexington, KY 40507
Commercial Sale, Lexington, KY
Property Size18,032 SF
Lot Size0.18 Acres
Price / SF$316.10
Days on Market163
Property Features for 144 N Broadway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
B-2B
Rooms
Basement
Basement
Full, Partially Finished
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, Multi Units, Electric
Building Details
Year built
1915
Floors in Building
4
Building materials
Brick, Concrete, Glass
Roof type
Flat, Membrane
Listing Agency:
Bluegrass Sotheby's International Realty
(859) 268-0099
Listed By:
Christopher Mitchell
(859) 321-2898
Added: May 19
Changed: Oct 13
Last Checked: Oct 28 at 2:06PM
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.
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Investment Insights
Based on property information with market context.
This four-story mixed-use property at 144 N Broadway contains 18,032 square feet on a 0.18-acre parcel. The ground level is configured as a private club, while the second floor provides naturally lit space suited to office or creative studio use. Floors three and four contain five short-term rental units, creating a varied vertical layout within the building.
Constructed in 1915, the property combines brick, concrete, and glass construction with a flat membrane roof. Building systems include heat-pump heating, electric central air, and multiple cooling units, with public sewer service. A basement is also included. Its downtown Lexington setting places the building within the city’s central commercial and cultural environment.
Constructed in 1915, the property combines brick, concrete, and glass construction with a flat membrane roof. Building systems include heat-pump heating, electric central air, and multiple cooling units, with public sewer service. A basement is also included. Its downtown Lexington setting places the building within the city’s central commercial and cultural environment.
Key Highlights
- Four‑story mixed‑use building totaling 18,032 square feet
- 0.18‑acre parcel at 144 N Broadway, Lexington, KY 40507
- Ground‑floor private club configuration
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$201,562
Cap Rate
3.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,031,240
$4.0M
Cap Rate 7%
$2,879,457
$2.9M
Cap Rate 9%
$2,239,578
$2.2M
Market Conditions
NOI Build-Up for 18,032 SF
Gross rent
$324.6K $18.00/SF
− Vacancy
−$55.8K −$3.10/SF
EGI
$268.7K $14.90/SF
− OpEx
−$67.2K −$3.73/SF
NOI
$201.6K $11.18/SF
Area
Lexington, KY
Vacancy
17.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,031,240
Cap Rate 7%
$2,879,457
Cap Rate 9%
$2,239,578
Alternative Uses
Best Use
Office B
$2.88M
$2.52M – $3.36M
NOI $201,562 @ 7.0% cap · market cap 3.54%
Second Best
Mixed Use
$2.43M
$2.13M – $2.84M
NOI $170,402 @ 7.0% cap · market cap 2.99%
Theoretical Best
Office A
$3.76M
$3.29M – $4.38M
NOI $262,984 @ 7.0% cap · market cap 4.61%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,626
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Historic downtown asset with a private club, flexible upper-floor space, and five short-term rental units.
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 $5,700,000.
What are key features of this property?
This property features: Four‑story mixed‑use building totaling 18,032 square feet; 0.18‑acre parcel at 144 N Broadway, Lexington, KY 40507; Ground‑floor private club configuration
