For Sale
$1,295,000

497 Main St Lexington, KY 40507

7,272 SF Office, High Visibility

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional three-story, 7,272 square foot office building, situated on a 0.24-acre lot in Lexington, KY's Central Business District, presents a compelling investment opportunity. Originally constructed in the 1890s and extensively renovated in 1997, the property boasts a prime location on E. Main Street, enjoying high visibility and significant daily traffic counts (31,393 cars/day). The B-2A zoning allows for flexible uses, including professional office space, retail, or even residential conversion. Features include approximately eight parking spaces with additional options nearby, a basement (square footage not included in the 7,272 SF), monument signage, a freight elevator, and numerous built-in features. Recent improvements include a new roof and fresh paint (2023). The building offers a multitude of spaces, including office areas, conference rooms, showroom space, a break room/kitchenette, and ample storage. Its proximity to desirable neighborhoods (Kenwick, Ashland, Chevy Chase) and nearby amenities (dining, shopping, financial institutions) further enhance its appeal. The asking price is $1,295,000, translating to $178.08 per square foot. This well-maintained property represents a rare chance to acquire a versatile and strategically located asset in a thriving Kentucky market.

Highlights

  • $1,295,000 asking price for a 7,272 square foot office building.
  • Free-standing three-story building with flexible zoning.
  • Recently renovated with a new roof and fresh paint (2023).
  • Excellent location in Lexington, KY's Central Business District, offering high visibility and monument signage.
  • Well-maintained building with ample parking and convenient access to amenities.

Property Details for 497 Main St

Property type
Office properties, Office space
Square Feet
7,272 SF
Year Built/Renovated
1890/1997
Buildings
1
Stories
3
Lot Size (sq. ft)
10,454 SF

Location Insight

City
Lexington
County
Fayette
State
Kentucky
Latitude
38.039718
Longitude
-84.4888833

FAQs

What type of property is this?
Office property - 7,272 SF Office, High Visibility
Where is the office property located?
The property is located at 497 Main St Lexington, KY.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: $1,295,000 asking price for a 7,272 square foot office building.; Free-standing three-story building with flexible zoning.; Recently renovated with a new roof and fresh paint (2023).
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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497 Main St
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