Technical
Financial
Distress signals
Property profile

400 Chestnut St Lexington, KY 40508

FOR SALE
Retail space
Property ID
US34-0508223
1,078 SF 0.04 ac lot Built 1930
Entity Owned Free & Clear
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Property summary

AI-generated overview

Commercial property located on a corner lot with a four-way stop intersection and nearby bus stop, providing frontage on a street with on-street parking. The building contains 1,078 square feet and was comprehensively remodeled in 2024, including a replaced roof, HVAC system, framing with metal studs, plumbing, electrical system, drywall, interior and exterior paint, an acoustical ceiling system, interior and exterior lighting, a storefront system, interior and exterior doors, and updated windows. The site includes an ADA-compliant restroom and a 200-amp electrical service. Interior space is arranged to support flexible commercial use, including retail, office/professional services, service uses, or food-related operations. The property is rezoned to B-1 (Neighborhood Business). Updated exterior lighting is installed. An adjacent lot is available for potential separate acquisition, which could support outdoor uses such as a patio seating area, additional food-prep/cooking space, or storage. The street-facing building also allows for potential expansion of approximately 10 feet along the left side, subject to applicable approvals.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1930
Total area 1,078 SF
Lot 0.04 ac (1,742 SF)
Zoning code R-3
APN 13319270
UPID US34-0508223

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
  • Discount Store

Location

400 Chestnut St Lexington, KY 40508
Lexington metro Census 300 LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$95k

Owner & transaction history

since 2026
Last sale
$65,000
7 recorded transactions
2026
$190,000
2025
Price N/A
2023
$65,000
2023
$53,800
2018
Price N/A
2016
$40,000
2010
$198,000

Zoning & alternative use

R-3 · Lexington, KY
Zoning description

, B-2, B-2A, B-2B, B-3, B-4, B-5P, B-6P or CC zone. Zone, industrial, means an I-1, I-2 or ED zone. Zone, mixed use, means an MU-1, MU-2 or MU-3 zone. Zone, residential, means an R-1A, R-1B, R-1C, R-1D, R-1E, R-1T, R-2,…

General category RESIDENTIAL

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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