Property profile

357 W Short St Lexington, KY 40507

FOR LEASE
Office buildings
Property ID
US34-0513361
2,592 SF 0.03 ac lot Built 1920
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 1,296 square foot office space presents a fantastic opportunity in the vibrant heart of Downtown Lexington, Kentucky. Located at 357 W. Short St., this single-tenant property offers a blend of traditional and creative office space, perfect for a variety of businesses. Built in 1920, the two-story building boasts a recently renovated interior, featuring new carpeting and fresh paint throughout. The generous open layout provides ample space for customization, while offering stunning downtown views. The space is further enhanced by the inclusion of an interior restroom and kitchen, adding convenience and functionality. Situated on a 0.05-acre lot, this property benefits from its prime location within Lexington's bustling downtown core. Enjoy immediate access to a wide array of amenities, including an abundance of restaurants, coffee shops, bars, a farmers market, and a vibrant nightlife scene. The property is zoned B-2B and features a total building area of 1,296 square feet, all of which is currently vacant and ready for immediate occupancy. The property's APN is 10940150. This is a rare opportunity to secure a well-appointed office space in a highly desirable location. Don't miss out on this chance to establish your business in the heart of Lexington.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1920
Total area 2,592 SF
Lot 0.03 ac (1,307 SF)
Zoning code B-2B
APN 10940150
UPID US34-0513361

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
  • Gym & Fitness Center Alternative Medicine Practice

Location

357 W Short St Lexington, KY 40507
Lexington metro Census 101 LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Blend (final) Blend
$155k

Owner & transaction history

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

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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