Remarks

-Three-story mixed-use building in excellent condition
-Ground floor retail space leased to Pearl's restaurant, now a Downtown Lexington fixture with great success
-Second and third floors consist of 4 studio apartments
-Gross yearly income = $78,600 (inquire with agent for rental income and lease details)

Ideally located in the heart of Downtown Lexington's popular N Limestone retail corridor featuring numerous restaurants, retailers, and apartments. The property is also located directly across from the Fayette County Courthouse.

Property Highlights:
-Stabilized tenant mix, anchored by Pearl's retail Lease, plus 4 apartment leases
-In demand/high barrier for entry Downtown Lexington location at N. Limestone and W. Short Street
-Extensive renovations, see attached list of improvements

Details

MLS#: 25008843
Price: $775,000

Sq Ft: 3468
Year Built: 1930

County: Fayette
Subdivision: Commercial