249 Main StLexington, KY 40507

Property Details for 249 Main St

Year built

1987

Lot size

0.29 AC

Property size (Sq ft)

45,368 SF

Zone code

B-2

Property type

Office buildings

APN

10052500

APU

10052500

Description

249 E. Main Street, Lexington, KY 40507 offers a unique 2,351 square foot office space for lease. Located in the heart of Lexington's Central Business District, between Rose Street and Martin Luther King Boulevard, this Class A building provides an exceptional work environment. The property features a striking open atrium, a modern glass elevator shaft, and exposed brick, blending historical charm with contemporary design. The building totals 46,936 square feet across four stories and includes elevator service. This particular space is immediately available and represents the minimum divisible space within the building, with a maximum contiguous space also of 2,351 square feet. The property is categorized as both Creative and Traditional Office space, offering flexibility for various business needs. The building's prime location in Fayette County offers easy access to Lexington's amenities and transportation networks. This is a multi-tenant building, providing a vibrant and collaborative atmosphere. Inquire today to learn more about this exceptional opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $6,927,128

  6.5%

  $6,394,272

  7%

  $5,937,538

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,739,011

  Geo Method

  $3,905,278

• Alternative Use

  Use

  Valuation

  Residential

  $7,928,898

  Hospitality

  $7,262,828

  Educational

  $6,042,588

  Medical

  $6,250,401

  Retail

  $9,399,580

Location Insight

City

Lexington

County

Fayette

State

Kentucky

Latitude

38.044

Longitude

-84.4938

CBSA code

30460

CBSA name

LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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