341 Limestone Lexington, KY 40508-3054

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.