175 Main St Lexington, KY 40507
175 E Main St, Lexington, KY 40507, offers 2,500-7,100 square feet of exceptional retail or restaurant space in a Class A, six-story building. This vibrant location, at the signalized corner of Main Street and Martin Luther King Blvd, boasts 55,000 total square feet, with 7,100 square feet currently vacant on the first floor. The property, renovated in 2022, features 14-16 foot ceilings, allowing for flexible design and redevelopment. A sizable patio area (approximately 4,500 square feet) offers additional outdoor space, ideal for a restaurant or other businesses. The building includes two elevators, secure underground parking with direct lobby access, and a convenient location within Lexington's downtown business center, a short walk from City Center and Rupp Arena. The property's B-2B zoning allows for a variety of commercial uses. This is a unique opportunity to establish a presence in a thriving, high-traffic area with excellent visibility and signage opportunities. The building sits on 0.19 acres of land. The available space is highly adaptable and encourages full reconfiguration. Potential uses include, but are not limited to, a breakfast restaurant, bourbon/wine bar, lounge, or coffee shop. This property offers a blend of modern amenities and a prime downtown location.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.