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    Historic Two-Story Commercial Building
    Updated: Jul 22
    Historic Two-Story Commercial Building

    35 Public Square, Lancaster, KY 40444

    $224,900
    4,968 sqft 0.08 AC lot
    Historic 2‑story downtown building in Lancaster Public Square, formerly Napier Bros Clothing
    Nearly 2,500 SF of open space on the first floor with central heat and air
    First floor includes 2 restrooms, dressing room, and small office
    Second floor is unfinished and offers additional storage space
    Brick construction with flat/membrane roof and basement
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Lancaster, KY, we suggest exploring several alternatives: 4 properties in Nearby Cities, 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.

    Two-Story Office Building with Parking
    Two-Story Office Building with Parking

    813 S 4th St, Danville, KY 40422

    $175,000
    1,725 sqft 0.21 AC lot

    Two-story building with multiple private offices, shared areas, open workspaces, and on-site parking on a small lot.

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    Corner Office Building with Parking
    Corner Office Building with Parking

    201 W Broadway Street, Danville, KY 40422

    $369,900
    2,829 sqft 0.08 AC lot

    Corner office building zoned CB with off-street parking and a current lease through January 2027.

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    Mixed-Use Live-Work Property
    Mixed-Use Live-Work Property

    1305 Lancaster Road, Richmond, KY 40475

    $440,000
    5,571 sqft 0.88 AC lot

    Commercial office space on the main level with a separate upstairs 3-bedroom apartment and shared garage facilities.

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    Professional Office Building
    Professional Office Building

    309-311 Spangler Drive, Richmond, KY 40475

    Contact for pricing
    25,375 sqft

    Flexible office layouts include private restrooms, break rooms, conference space, and secured overflow parking.

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    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.

    Commercial Land with Highway Frontage
    Commercial Land with Highway Frontage

    Lilly Drive, Stanford, KY 40484

    $750,000
    2,500 sqft 3.56 AC lot

    Flat commercial land with frontage on US 27 within Stanford city limits.

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    Commercial Land in Berea, KY
    Commercial Land in Berea, KY

    212 Pauline Drive, Berea, KY 40403

    $279,000
    1.20 AC lot

    1.2 acres of prime commercial land in Berea, Kentucky.

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    Prime Commercial Land in Berea
    Prime Commercial Land in Berea

    519 Walnut Meadow Road, Berea, KY 40403

    $995,000
    4.56 AC lot

    4.56 acres of commercial land with high visibility and accessibility.

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    Platted B-3 Development Land
    Platted B-3 Development Land

    999 Dr Robert R Martin Bypass, Richmond, KY 40475

    $3,200,000
    16.00 AC lot

    Zoned B-3 commercial development land with existing preliminary plat history along Robert Martin Bypass in Madison County.

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    Lancaster, KY Office Buildings Market Trends and Statistics

    Explore 1 office buildings for sale in Lancaster, KY on our real estate platform. These investment opportunities span a total of 4,968 square feet of properties for sale, with an estimated market value of $224,900.

    Sale prices for office properties in Lancaster, KY average $224,900 — 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

    Office Units 2
    Office buildings 1

    Demographics Overview

    Population 14K
    Population Growth (5Y) -1.4%
    Median Household Income $62,324
    College Educated 14.5%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    40444 $224.9K

    Taxes & Financing

    Tax Rate (average for all types) 1.12%
    Property Tax per SF $0.28 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Garrard County

    New Delisted

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