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Property profile & analytics
FOR SALE
Office buildings

161 N Limestone Lexington, KY 40507

4,874 SF 0.05 ac lot Built 1930
Entity Owned 7-yr Hold Free & Clear
Property ID
US34-0658651
Property summary
AI-generated overview

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
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1930
Total area 4,874 SF
Lot 0.05 ac (2,252 SF)
Zoning code B-2
APN 10940300
UPID US34-0658651
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Honeysage Photo Co. Photography Service (Bike/Boat/Book/etc) Store
  • Georgie’s Social House Bar & Pub Nightclub
  • GAIA mural Cultural Landmark
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.44M
Blend (final) Blend
$1.44M
Owner & transaction history
Lola & Lime LLC · 7 yrs held
Lola & Lime LLC
since 2018
2 recorded transactions
2019
Price N/A
2018
$790,000
Zoning & alternative use
B-2 · Lexington, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $1.8M +76.4%
Commercial (general) $1.1M +7.1%
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