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.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records and 3 qualifying comparable sales.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 16 properties nearbyComparable nearby
Similar in This City for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 4,993 SF
- Lot area
- 0.21 ac
- Year built
- 1950
- Stories
- 2
- APN
- 15556550
- Zoning
- B-1
- Assessed value · 2023
- $665,000
- Annual tax · 2023
- $8,223
- Commercial (general)
- Office Building
- Medical Building
- Retail Stores · current use
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Official district profile
The intent of this zone is to accommodate neighborhood shopping facilities to serve the needs of the surrounding residential area
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Ownership
- Owner Contacts
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- Everything in the Light report
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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