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    Lexington, KY
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    Lexington, KY Mixed-use Properties for Sale

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    Downtown Lexington Mixed-Use Building
    Updated: Mar 12
    Downtown Lexington Mixed-Use Building

    161 N Limestone, Lexington, KY 40507

    $1,825,000
    7,343 sqft 0.05 AC lot
    Prime downtown location across from the Courthouse on N Limestone Street
    Upscale renovations completed in 2020, including new roof, hardwood floors, and HVAC
    Existing leases in place: First floor lease‑back potential with Georgie's Social House and second floor lease through October 2030 with Relix Bridal, Inc
    Elevator access with coded private access
    Flexible third‑floor space adaptable for owner occupancy, single‑tenant lease, or individual office suites
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    This listing looks promising.

    Here's a quick look at some key insights for

    161 N Limestone, Lexington, KY 40507

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    • Est. Cap Rate

      4.5%
      NOI ÷ price

    • Est. NOI

      $82K
      Annual

    • Mortgage

      $1.59M
      Apr 2019

    • Last Sold

      Dec 2018
      $790K

    • Property Type

      Office Building
      Built 1930
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    Lexington Mixed-Use Investment Opportunity
    Updated: Mar 27
    Lexington Mixed-Use Investment Opportunity

    109-119 N Mill Street, Lexington, KY 40507

    $2,600,000
    11,000 sqft 0.10 AC lot
    Stabilized property with strong rental history provides immediate income.
    Six apartments and two retail storefronts offer diversified income streams.
    Contiguous buildings simplify property management.
    Complete renovation in 2010 ensures modern standards and reduced maintenance.
    Exceptionally well‑maintained condition minimizes immediate repairs.
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    Mixed-Use Gem in Downtown Lexington
    Mixed-Use Gem in Downtown Lexington

    144 N Broadway, Lexington, KY 40507

    $6,500,000
    18,032 sqft 0.18 AC lot

    Four-story mixed-use property in the heart of downtown Lexington.

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    Downtown Building with Upscale Renovations
    Downtown Building with Upscale Renovations

    161 N Limestone, Lexington, KY 40507

    $1,825,000
    7,343 sqft

    Downtown building with recent renovations and lease income potential.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Mixed-Use Development Near Lexington Airport
    Mixed-Use Development Near Lexington Airport

    1051 Newtown Pike, Lexington, KY 40511

    Contact for pricing
    86,700 sqft 9.88 AC lot

    Four-building mixed-use property with office, retail, flex, and warehouse space.

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    Mixed-Use Gem in Downtown Lexington
    Mixed-Use Gem in Downtown Lexington

    144 North Broadway, Lexington, KY 40507

    $6,500,000
    18,032 sqft

    Four-story mixed-use building in the heart of downtown Lexington.

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    Downtown Lexington Mixed-Use Complex
    Downtown Lexington Mixed-Use Complex

    401 West Main Street, Lexington, KY 40507

    Contact for pricing
    140,000 sqft

    140,000 SF mixed-use complex in downtown Lexington.

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    Retail Space Near UK Campus
    Retail Space Near UK Campus

    685 South Limestone, Lexington, KY 40508

    Contact for pricing
    3,478 sqft

    Retail leasing opportunities in mixed-use complex near University of Kentucky.

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    Distillery District Redevelopment Opportunity
    Distillery District Redevelopment Opportunity

    1170 Manchester Street, Lexington, KY 40508

    $15,500,000
    200,000 sqft 7.00 AC lot

    Redevelopment opportunity in the heart of The Distillery District.

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    Lexington Mixed-Use Investment Portfolio
    Lexington Mixed-Use Investment Portfolio

    201-235 Woodland Ave, 473-477 East Maxwell, 488-498 East High Street, Lexington, KY 40502

    $3,595,000

    Multi-family and commercial properties near the University of Kentucky.

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    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 10 Active listings in Lexington, KY, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 62 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Winchester Mixed-Use Commercial Opportunity
    Winchester Mixed-Use Commercial Opportunity

    808 Bypass Road, Winchester, KY 40391

    $500,000
    5,054 sqft 0.42 AC lot

    Versatile property with commercial space, apartment, and expansion potential.

    View details
    Richmond Mixed-Use Investment Opportunity
    Richmond Mixed-Use Investment Opportunity

    107 N Killarney Lane, Richmond, KY 40475

    $649,900
    2,200 sqft 0.60 AC lot

    Mixed-use property with retail space and apartments for sale.

    View details
    Downtown Richmond Mixed-Use Opportunity
    Downtown Richmond Mixed-Use Opportunity

    204-206 S 3rd Street, Richmond, KY 40475

    $579,000
    9,763 sqft 0.19 AC lot

    Mixed-use property with commercial income and residential upside.

    View details
    Mixed-Use Property with Income Home
    Mixed-Use Property with Income Home

    35-37 Hays Street, Winchester, KY 40391

    $515,000
    1,440 sqft 0.13 AC lot

    Mixed-use building with a kitchen and laundry area plus a separate 3-bedroom residence leased through 2027.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    148 Acres Winchester Development Land
    148 Acres Winchester Development Land

    1395 Two Mile Road, Winchester, KY 40391

    $2,500,000
    148.00 AC lot

    148 acres of land zoned for planned development.

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    Downtown Winchester Land Assemblage
    Downtown Winchester Land Assemblage

    33-41 Winn Avenue, Winchester, KY 40391

    $490,000
    1.53 AC lot

    1.53 acres of vacant land in downtown Winchester, Kentucky.

    View details
    Harrodsburg Development Land For Sale
    Harrodsburg Development Land For Sale

    653 Bohon Rd, Harrodsburg, KY 40330

    $2,200,000
    41.29 AC lot

    41.29 AC development land in Harrodsburg, Kentucky.

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    Bluegrass Industrial Park Land
    Bluegrass Industrial Park Land

    2013 Watterson Trail, Louisville, KY 40299

    Contact for pricing
    1,025 sqft

    Land in Bluegrass Industrial Park with high traffic frontage.

    View details

    Off-Market Properties in Lexington, KY

    Consider similar Off-Market properties in Lexington, KY. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    1669 Jaggie Fox Way
    MIXED USE (COMMERCIAL/INDUSTRIAL)

    1669 Jaggie Fox Way, Lexington, KY 40511-1084

    $1,575,000
    Estimated value
    11,920 sqft 1.47 AC lot
    View details
    799 Enterprise Dr
    MIXED USE (COMMERCIAL/INDUSTRIAL)

    799 Enterprise Dr, Lexington, KY 40510-1031

    $1,710,000
    Estimated value
    5,590 sqft 1.86 AC lot
    View details
    2472 Fortune Dr
    MIXED USE (COMMERCIAL/INDUSTRIAL)

    2472 Fortune Dr, Lexington, KY 40509-4125

    $6,000,000
    Estimated value
    5.56 AC lot
    View details
    1050 Enterprise Dr
    MIXED USE (COMMERCIAL/INDUSTRIAL)

    1050 Enterprise Dr, Lexington, KY 40510-1016

    $1,815,000
    Estimated value
    15,056 sqft 4.39 AC lot
    View details
    2432 Fortune Dr
    MIXED USE (COMMERCIAL/INDUSTRIAL)

    2432 Fortune Dr, Lexington, KY 40509-4269

    $13,590,000
    Estimated value
    38,159 sqft 7.22 AC lot
    View details
    2456 Fortune Dr
    MIXED USE (COMMERCIAL/INDUSTRIAL)

    2456 Fortune Dr, Lexington, KY 40509-4240

    $6,220,000
    Estimated value
    52,050 sqft 3.52 AC lot
    View details
    2437 Fortune Dr
    MIXED USE (COMMERCIAL/INDUSTRIAL)

    2437 Fortune Dr, Lexington, KY 40509-4213

    $4,270,000
    Estimated value
    24,916 sqft 2.39 AC lot
    View details
    1585 Mercer Rd
    MIXED USE (COMMERCIAL/INDUSTRIAL)

    1585 Mercer Rd, Lexington, KY 40511-1261

    Value Estimation by Request
    0.99 AC lot
    View details
    255 Big Run Rd
    MIXED USE (COMMERCIAL/INDUSTRIAL)

    255 Big Run Rd, Lexington, KY 40503-2957

    $1,025,000
    Estimated value
    8,100 sqft 0.55 AC lot
    View details
    2004 Duncan Machinery Dr
    MIXED USE (COMMERCIAL/INDUSTRIAL)

    2004 Duncan Machinery Dr, Lexington, KY 40504-1007

    $1,210,000
    Estimated value
    7,739 sqft 2.14 AC lot
    View details
    105 Cisco Rd
    MIXED USE (COMMERCIAL/INDUSTRIAL)

    105 Cisco Rd, Lexington, KY 40504-1107

    $550,000
    Estimated value
    10,492 sqft 0.69 AC lot
    View details
    527 Lagonda Ave
    MIXED USE (COMMERCIAL/INDUSTRIAL)

    527 Lagonda Ave, Lexington, KY 40505-4013

    Value Estimation by Request
    4,336 sqft 0.20 AC lot
    View details
    451 Blue Sky Pkwy
    MIXED USE (COMMERCIAL/INDUSTRIAL)

    451 Blue Sky Pkwy, Lexington, KY 40509-9445

    $885,000
    Estimated value
    4,696 sqft 3.19 AC lot
    View details
    1129 Commercial Dr
    MIXED USE (COMMERCIAL/INDUSTRIAL)

    1129 Commercial Dr, Lexington, KY 40505-3815

    Value Estimation by Request
    5,172 sqft 0.40 AC lot
    View details

    Lexington, KY Mixed-Use Properties Market Trends and Statistics

    Explore 72 mixed-use properties for sale in Lexington, KY, showcased through 10 active listings on our real estate platform. These investment opportunities span a total of 261,750 square feet of properties for sale, with an estimated market value of $34,750,000.

    Sale prices for multi use buildings in Lexington, KY start at $1,825,000, averaging $5,791,666, and reaching up to $15,500,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Live-work space 1

    Demographics Overview

    Population 322K
    Population Growth (5Y) +1.0%
    Median Household Income $71,202
    College Educated 25.6%

    High-Yield Neighborhoods for Investment

    Identify Lexington submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    40507 $3.2M
    40502 $3.6M
    40508 $15.5M

    Taxes & Financing

    Tax Rate (average for all types) 1.22%
    Property Tax per SF $11.25 per SF
    Tax Rate vs County Average 0.01 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Fayette County

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

    The majority of commercial real estate listings in Lexington fall within the 100,000+ square foot range.

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    Most Searched ZIP Codes in Lexington, KY

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