Advertise
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Lexington Commercial Building For Sale Title is generated by Realmo AI

    208 S Limestone, Lexington, KY 40508

    View on Map
    Claim this Listing
    Pending
    $925,000

    COMMERCIAL - Lexington, KY

    Property size:
    4,624 SF
    Lot size:
    0.08 Acres
    Added:
    Apr 30, 2026
    Days on Market:
    46
    Last Refresh:
    Jun 14 at 5:06 pm

    Property Features for 208 S Limestone

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Pending
    APN
    17126400
    Size
    4,624 SF
    Lot size
    0.08 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Heat Pump (Heating), Electric (Heating)
    Cooling system
    Multi Units, Central Air, Heat Pump

    Building Details

    Year built
    1940
    Floors in Building
    2
    Building materials
    Brick
    Roof type
    Flat

    We can help!

    Listing Contact
    David L Jones

    Listing agent David L Jones License #282642

    Listing office Ky Custom Homes Real Estate 201 W Short St Ste 600, Lexington, KY

    Listing date Apr 30, 2026

    MLS# 26009467

    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.

    HighLights

    • Brick building built in 1940 with flat roof, heat pump and electric heating, and central air/heat pump cooling
    • Fully sprinklered building previously operated as a successful nightclub/bar; most recently used as a retail business
    • Appraisal lists 4,692 SF; PVA lists 4,624 SF (4692 SF per appraisal, 4624 per PVA)
    • Occupancy of 392 total; includes 4 total public restrooms and 1 private staff restroom
    • 2‑story patio and ample electric; includes tankless gas water heater
    • B‑2‑B zoning and privately owned parking lot around the building with monthly, daily, and hourly pay parking

    Overview

    This commercial building, located in Lexington, Kentucky, has been operated as a successful nightclub and bar for over 13 years. The building is fully sprinklered and well-maintained, featuring ample electric capacity and a tankless gas water heater. A large two-story patio enhances the property. The building's occupancy is 392 total. The property measures 4,624 square feet according to PVA data and 4,692 square feet per appraisal. Most recently, the space was used as a retail business. It includes four public restrooms and one private staff restroom. Previously, there were two fully plumbed and set up bars, one on each floor. Zoned B-2-B, the property allows for a variety of uses, including residential, apartment, and condominium developments. A privately owned parking lot surrounding the building offers monthly, daily, and hourly paid parking. The property is being sold 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
    4,624 SF · lease $15.60/SF/yr · vacancy 5.00% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $734.2K
    $642.5K – $856.6K (±1% cap)
    NOI $51,396 @ 7.0% cap · market cap 5.56%
    Second Best
    Retail
    $628.6K
    $550.0K – $733.3K (±1% cap)
    NOI $44,000 @ 7.0% cap · market cap 4.76%
    Theoretical Best
    Office A
    $963.4K
    $843.0K – $1.12M (±1% cap)
    NOI $67,438 @ 7.0% cap · market cap 7.29%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    VIP Smoke Shop ... (Bike/Boat/Book/etc) Store LibertyX Bitcoin ATM Atm sedasdasda Bar & Pub sdawdasd Bar & Pub

    Suggested Use

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

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

    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
    -84.498907
    Latitude
    38.044816

    Nearby Similar for Sale

    • $3,790,000
      12,684 SF

      Iconic Downtown Lexington Office Building

      Highly visible office space with redevelopment potential in downtown Lexington.
      277 E High Street, Lexington, KY 40507
      View Details
    • $1,250,000
      11,578 SF

      Updated Flex Building in Lexington

      Updated flex building with warehouse space in central Lexington.
      1040 Manchester Street, Lexington, KY 40508
      View Details
    • $1,825,000
      7,343 SF

      Downtown Lexington Mixed-Use Building

      Three-story renovated building in prime downtown location.
      161 N Limestone, Lexington, KY 40507
      View Details
    • $650,000
      2,654 SF

      Multi-Tenant Building with Solar Panels

      High-visibility multi-tenant building across from Home Depot with two private entrances and B-1 zoning.
      763-765 Lane Allen Road, Lexington, KY 40504
      View Details
    • $700,000
      4,890 SF

      Versatile Medical Office Building

      Former medical office with flexible room layout and substantial above-grade plus basement space for owner-users or investors.
      1830 Versailles Road, Lexington, KY 40504
      View Details
    • $1,360,000
      2,400 SF

      Auto Sales Property with Office/Showroom

      Turnkey auto sales property includes a newly constructed office/showroom and established operations for buyers seeking an active dealership site.
      435-445 E New Circle Road, Lexington, KY 40505
      View Details
    • $1,200,000
      8,424 SF

      Lexington Commercial Property on Lima

      Commercial property in Lexington's industrial and business corridor.
      680 Lima Drive, Lexington, KY 40511
      View Details
    • $500,000
      1,080 SF

      Restaurant Opportunity on Southland Drive

      Restaurant for sale in prime Lexington location with equipment included.
      351 Southland Drive, Lexington, KY 40503
      View Details
    • $5,645,000
      42,447 SF

      Class A Office Building

      Fully occupied, income-producing office property in Lexington’s Fayette Mall/Nicholasville Road corridor.
      424 Lewis Hargett Circle, Lexington, KY 40503
      View Details
    • $225,000
      1,152 SF

      Professional Office Suite in Lexington

      Versatile 1,152 SF office condo in a quiet community.
      3131 Custer Drive, Lexington, KY 40517
      View Details
    • $1,650,000
      10,175 SF

      Lexington Commercial Building For Sale

      10,175 SF I-1 Zoned building on 1.46 acres.
      112 Westhampton Drive, Lexington, KY 40511
      View Details
    • $999,900
      7,300 SF

      8-Unit Apartment Building

      Fully occupied 8-unit building with recent exterior upgrades and month-to-month tenant leases.
      388 Redding Road, Lexington, KY 40517
      View Details

    FAQs

    What type of property is this?
    Bar & Pub - Well-maintained commercial building with parking lot in Lexington, Kentucky.
    Where is this bar & pub located?
    The property is located at 208 S Limestone Lexington, KY.
    What is the asking price?
    The asking price for this property is $925,000.
    What are key features of this property?
    This property features: Brick building built in 1940 with flat roof, heat pump and electric heating, and central air/heat pump cooling; Fully sprinklered building previously operated as a successful nightclub/bar; most recently used as a retail business; Appraisal lists 4,692 SF; PVA lists 4,624 SF (4692 SF per appraisal, 4624 per PVA)
    (859) 312-7333
    We can help!
    Listing Contact
    David L Jones
    Real Estate License ID: 282642
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    208 S Limestone, Lexington, KY 40508
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!