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161 N Limestone Lexington, KY 40507

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For Sale
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Downtown building with recent renovations and lease income potential.

Property size:
7,343 SF

Property Features for 161 N Limestone

General Information

Standard status
Active
Zoning
B-2B
Size
7,343 SF

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Listing Contact
Greg Leveridge
Greg Leveridge
Source: Crexi

Listing Agency: Block + Lot Listing Agent: Greg Leveridge

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Downtown Building with Upscale Renovations

This downtown building features upscale renovations throughout. The first floor is currently owner-occupied by Georgie’s Social House, with a leaseback preference or potential for a new 5-year term. The second floor is leased to Relix Bridal, Inc. through October 2030. The third floor includes a common kitchenette and restrooms with individual office suites, historically leasing for $750 per month. This floor is currently vacant, offering flexibility for a new owner to convert it into a single office space, secure a single-tenant lease, or continue leasing individual office suites. Complete renovations in 2020 included a new roof, hardwood floors throughout, an elevator with coded private access, a new lobby with mail room, 2 kitchenettes, 2 restrooms per floor, new HVAC systems, interior and exterior paint, a handicap accessible ramp, and exposed brick and open ceilings on floors 2 and 3. The property is located in a prime downtown location on N Limestone Street at the corner of Church Street, across from the Courthouse, making it attractive to attorneys and various office users. It is surrounded by downtown restaurants such as Le Deauville, Corto Y Lima, Pearl's, Lussi Brown Coffee, and Jack Brown's. The property size is 7343 square feet.
Location Intelligence

Current Use by Public Records

Honeysage Photo Co. Photography Service Georgie’s Social House Bar & Pub GAIA mural Cultural Landmark

Suggested Use

Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center Skin Care Clinic

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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  • Local Demand
City
Lexington
County
Fayette
State
Kentucky
Longitude
-84.49533
Latitude
38.047913

FAQs

What type of property is this?
Mixed-use property - Downtown building with recent renovations and lease income potential.
Where is this mixed-use property located?
The property is located at 161 N Limestone Lexington, KY.
What are key features of this property?
This property features: - Prime downtown location on N Limestone Street, across from the Courthouse; - Upscale renovations completed in 2020, including new roof, hardwood floors, and HVAC systems; - Existing leases in place for the first and second floors, providing immediate income
More about this property
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