319 Cedar St, Lexington, KY 40508-2947
This exceptional Class A, 8,700 square foot, four-story brick building offers a reimagined retail and restaurant leasing opportunity in the heart of downtown Lexington, Kentucky. Located steps from Rupp Arena and the University of Kentucky campus, this highly visible corner location on South Broadway and Cedar Street boasts approximately 26,000 vehicles passing daily and significant foot traffic. The available space totals approximately 4,200 square feet of first-floor retail/restaurant space, divisible into units as small as 2,100 square feet, with a maximum contiguous space of 4,200 square feet. A fully equipped kitchen is located in the basement, and patio space may be available. The building, constructed in 2012, includes an elevator, sprinkler system, and dumbwaiter. A modified gross lease structure is offered, with tenants responsible for a percentage of utilities, maintenance, and common area expenses. Ample parking is available after 6 pm for restaurant or bar use, due to weekday professional office space hours ending at 4:30 pm. Rent abatement may be available for qualified tenants. The building is zoned B-2A and is situated in Fayette County. This property presents a unique opportunity for businesses seeking a high-profile location with excellent visibility and modern amenities.
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Tilty Bob's Bar & Pub
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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
B-2A · Lexington, KYLexington. Always verify with local authorities before improvements.
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.