341 Limestone Lexington, KY 40508-3054
Property Lookup
Property profile & analytics
341 Limestone Lexington, KY 40508-3054
- Retail space
- 2,723 SF
- 0.11 lot acres
Property ID
US34-0508777
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Okome Asian Grill & Boba Tea | Gluten Free Restaurant / Restaurant
Property Details for 341 Limestone
- Year built
- 1965
- Lot size
- 0.11 lot acres
- Property size
- 2,723 SF
- Zone code
- B-1
- Property type
- Retail space
- APN
- 13460900
- APU
- 13460900
Description
This exceptional investment opportunity presents a 2,723 square foot, single-tenant restaurant building situated on a prominent corner lot at 341 S Limestone in Lexington, Kentucky. The property, built in 1965 and extensively renovated in 2023, boasts superior construction and a desirable B-1, Neighborhood Business zoning. Currently 100% occupied by Okome Asian Grill under a new long-term lease, this asset benefits from its strategic location within the heart of the University of Kentucky campus. The property enjoys exceptional visibility and high traffic volume, situated adjacent to major national and local retailers including Chipotle, McDonald's, Target, Local Taco, Tin Roof, Raising Canes, and the newly constructed Hub on Campus Lexington. This luxury apartment complex features 154 units, 492 beds, and a 19,981 square foot small-format Target store – the first of its kind in Kentucky. The property's proximity to the UK Student Center, including a Barnes & Noble College bookstore, and UK Healthcare Good Samaritan Hospital further enhances its appeal. With approximately 10,563 vehicles passing daily on South Limestone near the site, this is a rare opportunity to acquire a thriving retail property in a high-demand, high-growth area. The asking price is $1,500,000. The 0.11-acre lot is zoned for neighborhood business use. This one-story brick building represents a strong investment with significant potential for long-term returns.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $811,000
- AI Estimate
- $807,000
Market price range: $294k - $812kMarket price range: $294k - $807k -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $530,000 Current use
- AUTO REPAIR, GARAGE
- $995,000 Change: +88% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $725,000 Change: +37% Conversion: Easy
- OFFICE BUILDING
- $570,000 Change: +7% Conversion: Easy
- MEDICAL BUILDING
- $560,000 Change: +6% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Lexington
- County
- Fayette
- State
- Kentucky
- Longitude
- -84.5026
- Latitude
- 38.0428
- CBSA code
- 30460
- CBSA name
- LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$7,886
$0.00
$0.00
$637,700
-
$0.00
$0.00
$637,700
