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250 E Short Street, Lexington, KY 40507

$1,895,000
  • 250 E Short Street, Lexington, KY 40507 Main Photo

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New to the Market Active
SQUARE FEET8,102 MLS#26015715
STATUS PROPERTY TYPECommercial - Business SUBDIVISIONCommercial

Property 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 clients???a 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

250 E Short Street | MLS# 26015715

This commercial property located at 250 E Short Street, Lexington, KY 40507 is currently listed for sale with an asking price of $1,895,000. Search Lexington real estate on www.salliedavidson.com today.

Property Features

Property Type: Commercial - Business
Lot Size: 0.12 Acres
Year Built: 1948

Feature Descriptions

Business Type: Professional/Office, Retail
Days on Site: 1
Lot Dimensions: 0.120 acre(s)
Parcel #: 10200000
Parking Notes: On Site, Paved

Listed By / Shown By

Listed By

Agency Name: Block + Lot Homes

Shown By

Agency Title: SALLIE DAVIDSON, REALTORS
Agency Phone: 606-877-3000

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