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269 Main St Lexington, KY 40507-1716

OFF-MARKET Office buildings Google Maps
35,550 SF 0.15 ac lot Built 1976
Entity Owned 9-yr Hold Free & Clear
Estimated value (blended)
$3.01M
Range $2.71M – $3.31M (±10%)
Property ID US34-0494627

Property summary

AI-generated overview

This exceptional nine-story commercial building, located at 269 W Main Street Unit 400 in Lexington, Kentucky, offers 31,383 square feet of prime commercial space for lease. Situated on a 0.15-acre lot in the heart of Lexington's vibrant downtown entertainment district, this property enjoys maximum visibility and unparalleled access to a wealth of amenities. The building, known as the Court Square Building, is zoned B-2B for Downtown Center Business and features a mix of retail and office tenants. Individual suites, each approximately 3,358 square feet, are available and boast perimeter executive offices, fully equipped kitchenettes, restrooms, spacious lobby/reception areas, and dedicated conference rooms. Enjoy breathtaking panoramic views of the Lexington cityscape, including iconic landmarks such as the Fifth Third Bank Pavilion and the historic Lexington Court House. The building's central location places it within easy walking distance of numerous attractions, including the 21C Museum Hotel, Lexington Financial Center, Rupp Arena, Triangle Park, The Square, and Gatton Park on the Town Branch. A wide array of dining and shopping options are also just seconds away, providing exceptional convenience for tenants and their clients. This is a rare opportunity to secure a prestigious commercial space in one of Lexington's most desirable locations. The asking price is $17 million.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1976
Total area 35,550 SF
Lot 0.15 ac (6,534 SF)
Zoning code B-2B
APN 16704450
UPID US34-0494627

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
  • (Bike/Boat/Book/etc) Store Corporate Office
  • Law Firm
  • Association Or Organization
  • Artist
  • Architect Landscape Architect

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$6.11M
Blend (final) Blend
$3.01M

Owner & transaction history

since 2017
3 recorded transactions
2018
Price N/A
2017
$3.0M
2017
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
Top alternative use upside
Commercial (general) $7.9M +7.1%
Apartment house (5+ units) $7.9M +6.6%

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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