161 N Limestone Lexington, KY 40507
Property summary
This Class A, three-story building (7,500 total square feet) at 161 N Limestone in Lexington, KY, offers executive suites and coworking spaces for lease. Completely renovated in 2020, this historic 1930 building boasts exposed brick, high ceilings, and abundant natural light. Individual suites range from 144 to 176 square feet, with a total of 495 square feet currently vacant. The third floor, where the suites are located, features hardwood floors, a kitchenette, and two exclusive restrooms for tenants. Elevator access is provided. The building sits on a 0.15-acre lot and is zoned B-2 Downtown Business (APN: 10940300). Its central downtown location offers easy access to retail, apartments, other offices, and the Fayette County Courthouse (directly across the street). Multiple nearby parking options are available, including street parking, lots, and garages, with average rates of $2.50/hour and $93/month. This property presents a unique opportunity to establish a presence in the vibrant heart of Lexington. The building also features Georgie's, a new cocktail bar, on the ground floor.
Property profile
VerifiedCap rate & NOI
Current use
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Photography Service (Bike/Boat/Book/etc) Store
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Bar & Pub Nightclub
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Cultural Landmark
Value estimations
Owner & transaction history
Zoning & alternative use
B-2) zone. Affordable level shall mean eighty (80%) or less of the Lexington-Fayette Urban County area median income (AMI) at the time of rental or purchase, for a period of no less than ten (10) years, and where housing…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Lexington market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
B-2 · Lexington, KYB-2) zone. Affordable level shall mean eighty (80%) or less of the Lexington-Fayette Urban County area median income (AMI) at the time of rental or purchase, for a period of no less than ten (10) years, and where housing…
Zoning
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Zoning designation
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The district profile from the municipal source: what is on file for B-2 in Lexington, KY.
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