102 W High Street, Lexington, KY 40507

$825,000
Property Type: Commercial Sale Square Footage: 5,415 Lot Size (sq. ft.): 3,920 Status: Closed
Current Price: $825,000 List Date: 10/11/2025 Last Modified: 4/14/2026

Overview

Description

Discover a rare opportunity to own a mixed-use property in the vibrant core of Downtown Lexington. This well-maintained building features two street-level retail spaces and three residential apartments. Retail units are currently leased to stable, long-term tenants in a high visibility area with heavy foot traffic and strong downtown exposure. The apartments were updated in 2019 and are ideal for short term or long term rentals. Property Highlights: Excellent downtown location near restaurants, entertainment, Rupp Arena and University of Kentucky campus. High walkability and easy access to public parking. Strong rental history and consistent cash flow. This property offers the best of both worlds — reliable commercial income from established tenants and flexible residential units in a thriving rental market. Perfect for investors seeking stable returns, appreciation potential, and short-term rental upside in one of Lexington's most desirable districts.

Listing Details MLS# 25503525

Listing Information

Comp Sale YN
No
Property Sub Type
Mixed Use

Status Change Information

Price Change Timestamp
2025-11-14T18:14:59Z
Status Change Timestamp
2026-04-14
Purchase Contract Date
2026-01-24
Close Date
2026-04-14
Close Price
825000
Buyer Financing
Conventional
Sale Type
Arms Length Sale

Address

County
Fayette
Street Number
102
Street Direction Prefix
W
Street Name
High
Street Suffix
Street
State
KY
Zip Code
40507
Parcel Number
17171650

Contract

Original List Price
1100000
Start Showing Date
2025-10-13
Listing Contract Date
2025-10-09
Listing Agreement
Exclusive Right To Sell
Office Exclusive YN
No
List Price/SqFt
184.49
Sold Price/SqFt
152.35
SP/LP
0.83

Tax Legal

MLS Area Major
001 - Fayette County NW
Subdivision Name
Downtown

Interior

Living Area Units
Square Feet
Building Area Total
5415
Building Area Source
Public Records
Building Area Units
Square Feet

More Information

Building

Year Built
1949
Accessibility Features YN
No

Lot

Lot Size Acres
0.09
Lot Size Square Feet
3920
Road Frontage Feet
50

Remarks

Public Remarks
Discover a rare opportunity to own a mixed-use property in the vibrant core of Downtown Lexington. This well-maintained building features two street-level retail spaces and three residential apartments. Retail units are currently leased to stable, long-term tenants in a high visibility area with heavy foot traffic and strong downtown exposure. The apartments were updated in 2019 and are ideal for short term or long term rentals. Property Highlights: Excellent downtown location near restaurants, entertainment, Rupp Arena and University of Kentucky campus. High walkability and easy access to public parking. Strong rental history and consistent cash flow. This property offers the best of both worlds — reliable commercial income from established tenants and flexible residential units in a thriving rental market. Perfect for investors seeking stable returns, appreciation potential, and short-term rental upside in one of Lexington's most desirable districts.

Showing Information

Showing Instructions
Contact listing agent to show. Residential spaces vacant, retail spaces occupied.

Tax & Legal

Tax Rate
1.2583
Zoning
Other
Zoning Description
B-2B - Downtown Center Business
Directions
Property is located at the corner of West High and S Limestone

Possession

Close Of Escrow
Yes

Business Type

Mixed
Yes

Existing Lease Type

Gross
Yes

Sale Includes

Building(s)
Yes

Showing Requirements

Call Listing Agent
Yes

Property Features

Business Type: Mixed Existing Lease Type: Gross Possession: Close Of Escrow Sale Includes: Building(s) Showing Requirements: Call Listing Agent
Listing Office: Kentucky Properties Realty Group
Last Updated: April - 14 - 2026
Information deemed reliable but not guaranteed.