Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    Midland Ave & Short St Lexington, KY 40508

    Sponsored
    For Sale
    $3,150,000

    2.38 acres, flexible zoning, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2.38-acre development site presents a rare opportunity in Lexington, Kentucky's vibrant downtown. Located at the corner of Midland Avenue and Short Street, this property boasts outstanding visibility and easy access, with frontage on Town Branch Commons. The flexible B-2A zoning allows for a variety of uses, including hotel, retail, office, or mixed-use development. Elevated parcels offer sweeping views of the downtown skyline and Thoroughbred Park. Several existing curb cuts and two-way streets ensure convenient access. Its proximity to Lexington's Central Business District and I-75 via Winchester Road adds to its appeal. The future Town Branch Biking & Walking Trail will run adjacent to the Midland Avenue portion, enhancing pedestrian connectivity. This unique opportunity is situated in a prime location where buildable land is scarce. A viewing from the Race Street lookout bluff is recommended to fully appreciate the property's beauty and expansive views. The asking price is $3,150,000. This property is situated in Fayette County, Kentucky, zip code 40508. The site is also designated as an Opportunity Zone.

    Property Features for 0 Midland Ave & Short St

    General Information

    Property type
    Restaurants
    Lot Size
    103,673 SF

    HighLights

    • $3,150,000 asking price.
    • 2.38‑acre development site in Lexington, KY.
    • B‑2A zoning allows for flexible development options, including restaurant, commercial, hotel, and mixed‑use projects.
    • High visibility corner lot with easy access and frontage on Midland Ave & Short St.
    • Located in an Opportunity Zone.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hotels

    Map

    City
    Lexington
    County
    Fayette
    State
    Kentucky
    Longitude
    -84.488005
    Latitude
    38.041624

    Nearby Similar for Sale

    • $450,000
      Pending

      Downtown Lexington Business Condo

      Premium downtown business condo offering versatile and sophisticated space.
      300 E Main St, Lexington, KY 40507
      View Details
    • $999,000
      5,415 SF

      Mixed-Use Property in Downtown Lexington

      Mixed-use property with retail and residential units in Lexington.
      102 W High St, Lexington, KY 40507
      View Details
    • $648,900
      3,109 SF

      Historic Triplex in Woodward Heights

      Charming triplex near downtown Lexington with income potential.
      311 Madison Pl, Lexington, KY 40508
      View Details
    • New
      $2,550,000
      19,746 SF

      Turn-Key Church Near Interstate

      19,746 SF church on 2.61 acres near I-75/I-64.
      1975 Haggard Ct, Lexington, KY 40505
      View Details
    • $309,000
      1,967 SF

      Lexington Duplex on Double Lot

      Downtown Lexington duplex with income potential on a double lot.
      240 E Third St, Lexington, KY 40508
      View Details
    • $425,000
      Pending

      Arcadia Park Duplex Investment

      Well-located Lexington duplex with renovation potential near key amenities.
      308 Arcadia Park, Lexington, KY 40503
      View Details
    • $842,500
      5,000 SF

      Well-Maintained Lexington Quadplex For Sale

      Four identical units, low expenses, strong investment potential.
      2860 Ryan Cir, Lexington, KY 40509
      View Details
    • $429,500
      3,068 SF

      Renovated Duplex: Turnkey Investment

      Updated duplex with modern finishes, strong investment potential.
      1999 Fair Oaks Dr, Lexington, KY 40504
      View Details
    • $299,900
      Pending

      All Brick Duplex with Parking

      All brick duplex with ample parking and endless possibilities.
      537-539 Anniston Dr, Lexington, KY 40505
      View Details
    • $750,000
      2,580 SF

      Ashland Park Duplex For Sale

      Charming duplex in Ashland Park, Lexington, with hardwood floors.
      110-112 S Hanover Ave, Lexington, KY 40502
      View Details
    • $749,900
      Pending

      Profitable Restaurant Franchise Opportunity

      Wing Zone franchise for sale with equipment included.
      351 Southland Dr, Lexington, KY 40503
      View Details
    • $1,000,000
      1,407 SF

      Versatile Lexington Property with Shop

      2-acre Lexington property featuring shop, apartment, and single-family home.
      2245/2251 N Yarnallton Pike, Lexington, KY 40511
      View Details

    FAQs

    What type of property is this?
    Restaurant - 2.38 acres, flexible zoning, prime location.
    Where is this restaurant located?
    The property is located at Midland Ave & Short St Lexington, KY.
    What is the asking price?
    The asking price for this property is $3,150,000.
    What are key features of this property?
    This property features: $3,150,000 asking price.; 2.38-acre development site in Lexington, KY.; B-2A zoning allows for flexible development options, including restaurant, commercial, hotel, and mixed-use projects.
    Request Owner's contact information
    Midland Ave & Short St Lexington, KY 40508
    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.
    Midland Ave & Short St
    Lexington, KY 40508
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Midland Ave & Short St Lexington, KY 40508
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.