Property profile

401 W Main St Lexington, KY 40507

FOR LEASE
Retail space
Property ID
US34-0587035
183,018 SF 1.68 ac lot Built 1905
Entity Owned 14-yr Hold Free & Clear
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Property summary

AI-generated overview

The Square, located at 401 W Main St, Lexington, KY 40507, offers a unique opportunity to lease prime office and retail space in the heart of downtown Lexington. This 140,000 square foot complex boasts eight individual suites, ranging from a minimum of 702 square feet to a maximum contiguous space of 11,253 square feet. Currently, 25,334 square feet are available for lease, providing flexibility for businesses of various sizes. The property is situated on a 1.68-acre lot and features multiple tenancy options, ideal for a variety of uses including executive office, creative office, traditional office, salon, and street retail. Its central location at the intersection of Main Street and Broadway (US 68) provides excellent visibility and accessibility, with easy access to Interstates 75 and 64. The building includes elevators for convenient access to all floors. This Fayette County property presents a compelling opportunity for businesses seeking a prominent location in a vibrant downtown setting. The diverse suite sizes and adaptable space cater to a wide range of business needs, making The Square an attractive option for both established companies and startups alike. The property's prime location and ample square footage make it an exceptional investment opportunity in a thriving Kentucky market.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1905
Total area 183,018 SF
Lot 1.68 ac (73,181 SF)
Zoning code B-2B
APN 13802900
UPID US34-0587035

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
  • Business Service Center Corporate Office
  • Tech Support Center IT Consulting Firm
  • Art Gallery
  • Charitable Organization Social Service Agency
  • Law Firm

Location

401 W Main St Lexington, KY 40507
Lexington metro Census 102 LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$19.78M
Blend (final) Blend
$19.78M

Owner & transaction history

since 2012
1 recorded transaction
2012
$1.8M

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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More about this property
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