269 Main StLexington, KY 40507

Property Details for 269 Main St

Year built

1976

Lot size

0.15 AC

Property size (Sq ft)

35,550 SF

Zone code

B-2B

Property type

Office buildings

APN

16704450

APU

16704450

Description

This exceptional nine-story commercial building, located at 269 W Main Street Unit 400 in Lexington, Kentucky, offers 31,383 square feet of prime commercial space for lease. Situated on a 0.15-acre lot in the heart of Lexington's vibrant downtown entertainment district, this property enjoys maximum visibility and unparalleled access to a wealth of amenities. The building, known as the Court Square Building, is zoned B-2B for Downtown Center Business and features a mix of retail and office tenants. Individual suites, each approximately 3,358 square feet, are available and boast perimeter executive offices, fully equipped kitchenettes, restrooms, spacious lobby/reception areas, and dedicated conference rooms. Enjoy breathtaking panoramic views of the Lexington cityscape, including iconic landmarks such as the Fifth Third Bank Pavilion and the historic Lexington Court House. The building's central location places it within easy walking distance of numerous attractions, including the 21C Museum Hotel, Lexington Financial Center, Rupp Arena, Triangle Park, The Square, and Gatton Park on the Town Branch. A wide array of dining and shopping options are also just seconds away, providing exceptional convenience for tenants and their clients. This is a rare opportunity to secure a prestigious commercial space in one of Lexington's most desirable locations. The asking price is $17 million.

• CAP approach

  CAP return

  Valuation

  6%

  $5,428,042

  6.5%

  $5,010,500

  7%

  $4,652,608

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,929,859

  Geo Method

  $3,060,144

• Alternative Use

  Use

  Valuation

  Residential

  $6,213,020

  Hospitality

  $5,691,094

  Educational

  $4,734,923

  Medical

  $4,897,764

  Retail

  $7,365,436

Location Insight

City

Lexington

County

Fayette

State

Kentucky

Latitude

38.048

Longitude

-84.4985

CBSA code

30460

CBSA name

LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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