497 E Main St
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497 E Main St
7,272 SF Office Building Lexington, KY 40507 £1,023,063 (£141/SF)
Investment Highlights
- Free standing office/retail
- Flexible zoning uses
- High visibility and monument signage
- New roof & paint in 2023
- A+ location
- Well-maintained
Executive Summary
On behalf of Ann Greely Interiors, Inc., Block+Lot is pleased to bring to market 497 E. Main Street in Lexington, KY. The property features a 7,272 SF free-standing three-story building originally constructed around 1890, renovated and expanded in 1997, and sits on 0.24 acres zoned B-2A (Downtown Frame Business).
The building offers a multitude of office, conference, showroom, break room/kitchenette, storage options and the flexible zoning creates opportunity for professional office, retail, and/or a residential conversion. The building comes with approximately 8 parking spaces with several additional parking options in close vicinity, a basement (not included in SF), monument signage, a freight elevator in the storage wing, and several built-ins. The building had a new roof installed and was freshly painted in 2023.
497 E. Main Street is located on the east end of Lexington's Central Business District in close proximity to the Kenwick, Ashland, and Chevy Chase neighborhoods. Fronting E. Main Street, the property enjoys direct traffic counts of 31,393 cars/day with outstanding nearby amenities such as dining, shopping, and financial institutions.
The building offers a multitude of office, conference, showroom, break room/kitchenette, storage options and the flexible zoning creates opportunity for professional office, retail, and/or a residential conversion. The building comes with approximately 8 parking spaces with several additional parking options in close vicinity, a basement (not included in SF), monument signage, a freight elevator in the storage wing, and several built-ins. The building had a new roof installed and was freshly painted in 2023.
497 E. Main Street is located on the east end of Lexington's Central Business District in close proximity to the Kenwick, Ashland, and Chevy Chase neighborhoods. Fronting E. Main Street, the property enjoys direct traffic counts of 31,393 cars/day with outstanding nearby amenities such as dining, shopping, and financial institutions.
Taxes & Operating Expenses (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
-
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-
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| Operating Expenses |
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| Total Expenses |
$99,999
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$9.99
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Taxes & Operating Expenses (Actual - 2024) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Owner User
Property Type
Building Size
7,272 SF
Building Class
C
Year Built/Renovated
1890/1997
Price
£1,023,063
Price Per SF
£141
Tenancy
Single
Number of Floors
3
Typical Floor Size
2,424 SF
Building FAR
0.70
Land Acres
0.24 AC
Zoning
B-2A - Downtown Frame Business
Parking
8 Spaces (1.1 Spaces per 1,000 SF Leased)
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Walk Score ®
Very Walkable (85)
Bike Score ®
Very Bikeable (89)
PROPERTY TAXES
| Parcel Number | 16213475 | Improvements Assessment | £0 (2023) |
| Land Assessment | £0 (2023) | Total Assessment | £784,991 (2023) |
PROPERTY TAXES
Parcel Number
16213475
Land Assessment
£0 (2023)
Improvements Assessment
£0 (2023)
Total Assessment
£784,991 (2023)
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Power Broker Peter Barr -
Block + Lot Real Estate
(859) 309-0099
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497 E Main St
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