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Lexington Restaurant Property
For Sale
$1,999,000
Pending

307 W Short Street, Lexington, KY 40507

Commercial Sale, Lexington, KY

Property Size2,947 SF
Lot Size0.07 Acres
Days on Market1434

Property Features for 307 W Short Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning description B-2B
Subdivision Commercial
Directions Located near the corner of North Mill Street and West Short Street in Downtown Lexington, KY.
Special listing conditions Auction
Standard status Pending
APN 10235250
Size 2,947 SF
Lot size 0.07 Acres
Listing Agency: Block + Lot Homes
Listed By: M Clay Angelucci
Added: Nov 18, 2022 Changed: Oct 8 Last Checked: Oct 22 at 1:06AM
MLS# 22025202

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 conventional restaurant property contains 2,947 square feet on a 0.0676-acre parcel. The asset is located at 307 W Short Street in Lexington, Kentucky, within ZIP code 40507.

The property is being offered through a live absolute auction. Private showings and inspections may be arranged, and pre-auction offers are subject to the auction purchase agreement and applicable auction terms.

Key Highlights

  • 2,947‑square‑foot conventional restaurant property
  • 0.0676‑acre parcel
  • 307 W Short Street location in Lexington, KY 40507

Property Analytics

Contact the owner directly Get the owner's phone numbers and email
Open Analytics

Current Use

Ruby's Cafe&market place Grocery & Convenience Store Ruby's Lounge Restaurant

Suggested Use

Top Pick Garden Center (Bike/Boat/Book/etc) Store Home Appliance Store Fish Market Auto Parts Store Mobile Phone Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3,626
Businesses Nearby
11k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 94% Dining 6%
Chase Bank Shops & Services
6,799 visits/mo 0.3 miles
Marathon Petroleum Shops & Services
2,407 visits/mo 0.4 miles
City National Bank Shops & Services
1,326 visits/mo 0.5 miles
China Star Dining
725 visits/mo 0.3 miles

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025

Frequently Asked Questions

What type of property is this?
Conventional restaurant - Restaurant property with 2,947 square feet in Lexington’s 40507 postal area.
Where is this conventional restaurant located?
The property is located at 307 W Short Street Lexington, KY.
What is the asking price?
The asking price for this property is $1,999,000.
What are key features of this property?
This property features: 2,947‑square‑foot conventional restaurant property; 0.0676‑acre parcel; 307 W Short Street location in Lexington, KY 40507
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