Entity Owned Property summary
This exceptional 2,303-square-foot free-standing restaurant space is ideally situated on National Avenue in Lexington, Kentucky's vibrant Warehouse Block. Boasting a prime corner location within the 40502 zip code, this single-tenant property offers high visibility and foot traffic. The building features a desirable outdoor patio and rooftop seating area, perfectly complementing the bustling atmosphere of the Warehouse Block. Surrounded by popular businesses such as Mirror Twin Brewing, Eppings on Eastside, and others, this location benefits from the synergy of a thriving local scene, attracting both residents and visitors. The property's convenient access to shared parking ensures ease of access for customers. Its proximity to sought-after neighborhoods like Kenwick, Chevy Chase, and Ashland further enhances its appeal. This one-story building is zoned B-4, making it an excellent opportunity for a restaurant operator seeking a high-traffic, desirable location in a vibrant Lexington neighborhood. The entire 2,303 square feet is currently vacant and ready for immediate occupancy.
Property profile
VerifiedCap rate & NOI
Current use
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Restaurant
Location
Value estimations
Owner & transaction history
Zoning & alternative use
B-4, I-1 or I-2 zone. Home occupation means a gainful occupation or profession carried on in a residence that does not involve customer or client visits to the residence (excluding pick-up or pre-ordered items or drop-of…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
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.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
B-4 · Lexington, KYB-4, I-1 or I-2 zone. Home occupation means a gainful occupation or profession carried on in a residence that does not involve customer or client visits to the residence (excluding pick-up or pre-ordered items or drop-of…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
B-4, I-1 or I-2 zone. Home occupation means a gainful occupation or profession carried on in a residence that does not involve customer or client visits to the residence (excluding pick-up or pre-ordered items or drop-of…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for B-4 in Lexington, KY.
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