208 Limestone, Lexington, KY 40508
Fully sprinklered building with two-story patio and on-site parking, suited for multiple B-2-B uses.
- Added:
- Mar 22, 2026
- Days on Market:
- 86
- Last Refresh:
- Jun 15 at 5:35 am
Property Features for 208 Limestone
General Information
- Standard status
- Active
- Size
- 4,624 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1940
Listing agent Ky Custom Homes Real Estate (859) 312-7333
Listing office (859) 312-7333
Listing date Mar 22, 2026
Source Xome
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HighLights
- Fully sprinklered commercial building with tankless gas water heater and central air with electric heat pump
- Large 2‑story patio and multiple restroom setup: 4 total public restrooms plus 1 private staff restroom
- Total occupancy of 392 and approx. 4,692 SF per appraisal (4,624 SF per PVA)
- Previously operated as a nightclub/bar for 13 years; most recently used as a retail business
- Two fully plumbed bars (1 bar per floor total 2) and flat roof; built in 1940
- Privately owned parking lot with monthly, daily, and hourly pay parking plus B‑2‑B zoning allowing many uses incl. residential/apt/condo
Overview
Located at 208 Limestone in Lexington, KY 40508, the building sits within a privately owned parking lot around the property. The parking arrangement supports monthly, daily, and hourly pay parking. Zoning is identified as B-2-B, which the seller notes allows a large number of uses, including residential apartment/condo-type uses.
For operators and buyers seeking a versatile, code-ready interior with an event-oriented outdoor component, the two-story patio and the existing plumbing for two bar areas may support a range of concepts. The B-2-B zoning flexibility, combined with on-site paid parking, can be helpful for tenant types looking for more than a traditional single-use environment. The property is offered for sale as-is.
Local Financial Insights For Specialty Retail
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 | $72.1k | $15.60 |
| − Vacancy | −$3.6k | −$0.78 |
| EGI | $68.5k | $14.82 |
| − OpEx | −$17.1k | −$3.70 |
| NOI | $51.4k | $11.11 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Cats Den — 160 Ave of Champions, Lexington, KY 40508
- Starbucks — 760 Press Ave, Lexington, KY 40508
- The Fishtank — 500 Euclid Ave, Lexington, KY 40502
- Starbucks — 740 S Limestone, Lexington, KY 40508
- saedawdasd — 500 euclid ave, lexington, ky 40502
Location Insight
- Map
- Local Demand
- City
- Lexington
- County
- Fayette
- State
- Kentucky
- Longitude
- -84.493694
- Latitude
- 38.048404
