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    Property profile & analytics
    OFF-MARKET Estimated value $1,290,000
    Turn key restaurants

    319 Cedar St, Lexington, KY 40508-2947

    6,192 SF 0.23 ac lot Built 2012
    Entity Owned 2-yr Hold ~ Est. High Equity
    Property ID
    US34-2265311
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 2012
    Total area 6,192 SF
    Lot 0.23 ac (10,019 SF)
    Zoning code B-2A
    APN 14787600
    UPID US34-2265311
    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
    • Tilty Bob's Bar & Pub
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $1.29M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.72M
    Blend (final) Blend
    $1.29M
    Owner & transaction history
    Alpha Enterprises LLC · 2 yrs held
    Alpha Enterprises LLC
    since 2024
    Last sale
    $1.3M
    5 recorded transactions
    2024
    $1.3M
    2021
    2020
    $1.1M
    2012
    $350,000
    2009
    $933,334
    Zoning & alternative use
    B-2A · Lexington, KY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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