Entity Owned Property summary
This exceptional 4,993-square-foot storefront property at 656 E Main St, Lexington, KY 40508, presents a unique investment opportunity. Located in a highly desirable Lexington neighborhood, this mixed-use building boasts a prime location with substantial foot traffic, benefiting from its proximity to several established and esteemed residential areas including South Ashland, Kenwick, Chevy Chase, and Fairway. The property is ideally suited for a variety of uses, including boutique retail, a small office space, a compact fitness studio, or a creative business. The asking price is $1,375,000, translating to $275.39 per square foot. A dedicated parking lot provides seven spaces, supplemented by ample street parking on Clay Avenue. This historic and distinguished building offers a blend of commercial and residential potential in one of Lexington's most popular corridors, making it an attractive investment for discerning buyers. The property's versatility and location make it an excellent choice for entrepreneurs and investors seeking a high-traffic, well-situated commercial space in a thriving Lexington neighborhood.
Property profile
VerifiedCap rate & NOI
Current use
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Clothing & Fashion Store
Location
Value estimations
Owner & transaction history
Zoning & alternative use
2. The principal permitted uses of the P-1 and B-1 zones, except as specifically prohibited hereinbelow. (c) Accessory Uses. The following shall be considered accessory uses in the MU-1 zone: 1. The accessory uses permit…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
B-1 · Lexington, KY2. The principal permitted uses of the P-1 and B-1 zones, except as specifically prohibited hereinbelow. (c) Accessory Uses. The following shall be considered accessory uses in the MU-1 zone: 1. The accessory uses permit…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
2. The principal permitted uses of the P-1 and B-1 zones, except as specifically prohibited hereinbelow. (c) Accessory Uses. The following shall be considered accessory uses in the MU-1 zone: 1. The accessory uses permit…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for B-1 in Lexington, KY.
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