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Property profile & analytics

341 Limestone Lexington, KY 40508-3054

  • Retail space
  • 2,723 SF
  • 0.11 lot acres
OFF-MARKET
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US34-0508777
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Okome Asian Grill & Boba Tea | Gluten Free Restaurant / Grill / Asian Fusion Restaurant

Property Details for 341 Limestone

Year built
1965
Lot size
0.11 lot acres
Property size
2,723 SF
Zone code
B-1
Property type
Retail space
APN
13460900
APU
13460900

Description

This exceptional investment opportunity presents a 2,723 square foot, single-tenant restaurant building situated on a prominent corner lot at 341 S Limestone in Lexington, Kentucky. The property, built in 1965 and extensively renovated in 2023, boasts superior construction and a desirable B-1, Neighborhood Business zoning. Currently 100% occupied by Okome Asian Grill under a new long-term lease, this asset benefits from its strategic location within the heart of the University of Kentucky campus. The property enjoys exceptional visibility and high traffic volume, situated adjacent to major national and local retailers including Chipotle, McDonald's, Target, Local Taco, Tin Roof, Raising Canes, and the newly constructed Hub on Campus Lexington. This luxury apartment complex features 154 units, 492 beds, and a 19,981 square foot small-format Target store – the first of its kind in Kentucky. The property's proximity to the UK Student Center, including a Barnes & Noble College bookstore, and UK Healthcare Good Samaritan Hospital further enhances its appeal. With approximately 10,563 vehicles passing daily on South Limestone near the site, this is a rare opportunity to acquire a thriving retail property in a high-demand, high-growth area. The asking price is $1,500,000. The 0.11-acre lot is zoned for neighborhood business use. This one-story brick building represents a strong investment with significant potential for long-term returns.


Value Estimations

based on Realmo’s proprietary methodology
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  • CAP approach

  • Comparable approach

  • Alternative Use

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Location Insight

  • Map
  • Local Demand
City
Lexington
County
Fayette
State
Kentucky
Longitude
-84.5026
Latitude
38.0428
CBSA code
30460
CBSA name
LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$7,886
$0.00
$0.00
$637,700
-
$0.00
$0.00
$637,700
More about this property
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