250 E Short Street,Lexington, KY 40507
Lexington, KY 40507
Description
Renovated in 2018, 250 E. Short Street offers modern interior finishes in a great downtown location. The entry way is a split level with glass and wood beams. The space has beautiful hardwood flooring, tall ceilings and large windows which provides ample natural lighting. Investment Opportunity - Downtown Lexington: Located in the heart of downtown Lexington, 250 East Short Street presents an exceptional opportunity for investors seeking a high-quality, income-producing asset in a premier location. The building underwent a complete renovation in 2018 by the current owner and stands as one of the most attractive and well-maintained properties in the downtown market. Over the past year, portions of the building have been further improved and customized to accommodate the specific needs of its three current tenants, enhancing both functionality and tenant satisfaction. The property also features a dedicated parking lot on the west side of the building, providing nine reserved parking spaces for tenants and their clientsa valuable amenity in the downtown area. Currently fully occupied by three tenants, this multi-tenant investment offers stable cash flow and delivers an attractive 6.7% capitalization rate, making it an outstanding opportunity for investors seeking strong returns and long-term value appreciation. Property Highlights: -This building offers prime Downtown Lexington location -Fully renovated in 2018, with some additional tenant-specific improvements completed within the past year -With three established tenants, this investment generates income from day one -Nine reserved on-site parking spaces -Well-maintained, turnkey investment opportunity with a 6.7% CAP Rate
Details
| MLS # | 26015715 |
|---|---|
| Listing Type | For Sale |
| Style | Office |
| Sub-Type | Resale |
| Status | Active |
| Year | 1948 |
| Days On Site | 58 |
| Listing Provided By | Block + Lot Homes | Robert K Lewis |
Features
| SQ Feet | 8,102 |
|---|---|
| Building(s) | 1 |
| Zoning | Other |
| Acreage | 0.12 |
Parking
| Attached Garage Yes / No | No |
|---|---|
| Parking Features | On Site, Paved |
Area Information
| State | KY |
|---|---|
| County | Fayette |
| City | Lexington |
| Zip Code | 40507 |
| Area | 001 Fayette County NW |
| Subarea | Fayette County NW |
| Community Name | Commercial |
| Listing VS Median (in Commercial) | |
Price: $1,895,000 low | high Med: $84,450 sqft: 8,102 low | high Med: 1,968 $ / sqft: $234 low | high Med: $50 On site: 58 low | high Med: 209.5 | |
Market Activity 40507
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Learn More About This Property
| State | KY |
|---|---|
| County | Fayette |
| City | Lexington |
| Zip Code | 40507 |
| Area | 001 Fayette County NW |
| Subarea | Fayette County NW |
| Community Name | Commercial |
| Listing VS Median (in Commercial) | |
Price: $1,895,000 low | high Med: $84,450 sqft: 8,102 low | high Med: 1,968 $ / sqft: $234 low | high Med: $50 On site: 58 low | high Med: 209.5 | |
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