Property profile

101 Short St Lexington, KY 40507

OFF-MARKET
Turn key restaurants
Property ID
US34-0466917
4,320 SF 0.06 ac lot Built 1930
Entity Owned Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

101 West Short Street is a three-story commercial building constructed in the 1930s, located in downtown Lexington approximately one block from East Main Street and directly across from the courthouse plaza area, with nearby commercial landmarks including City Center, 21C Museum Hotel, and the Lexington Financial Center. The building has an exterior with a detailed stone facade and large first-floor picture windows, which front a former restaurant space, and is configured for street-level pedestrian activity including sidewalk dining areas. Zoned B-2, the property encompasses 5,184 square feet on a 0.055-acre corner lot with frontage along West Short Street and North Limestone. The second floor is an open-plan area suitable for events or private receptions, and the third floor provides office space.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1930
Total area 4,320 SF
Lot 0.06 ac (2,400 SF)
Zoning code B-2B
APN 15864400
UPID US34-0466917

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Law Firm
  • Law Firm
  • Restaurant

Location

101 Short St Lexington, KY 40507-1301
Lexington metro Census 101 LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$860k
Blend (final) Blend
$860k

Owner & transaction history

since 2026
1 recorded transaction
2026
Price N/A

Zoning & alternative use

B-2B · Lexington, KY
Zoning description

gton-Fayette Urban County within which certain regulations and requirements apply under the provisions of this Zoning Ordinance. Zone, agricultural, means A-R, A-B, A-N or A-U zone. Zone, business, means B-1, B-2, B-2A,…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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