1301 S Broadway, Lexington, KY 40504
$3,500,000
Property Type:
Commercial Sale
Lot Size (sq. ft.):
55,757
Status:
Closed
Current Price:
$3,500,000
List Date:
12/13/2017
Last Modified:
9/03/2025
Overview
Description
Listing Details MLS# 1726861
Listing Information
- Property Sub Type
- Hotel/Motel
Status Change Information
- Price Change Timestamp
- 2018-04-20T15:20:41Z
- Status Change Timestamp
- 2018-04-20
- Purchase Contract Date
- 2018-01-25
- Close Date
- 2018-04-20
- Close Price
- 3500000
- Buyer Financing
- Other
- Sale Type
- Arms Length Sale
- Concessions Comments
- none
Address
- County
- Fayette
- Street Number
- 1301
- Street Direction Prefix
- S
- Street Name
- Broadway
- State
- KY
- Zip Code
- 40504
- Parcel Number
- 12844200
Contract
- Original List Price
- 3900000
- Start Showing Date
- 2017-12-06
- Listing Contract Date
- 2017-12-06
- Listing Agreement
- Exclusive Right To Sell
- Occupant Type
- Occupied
- Office Exclusive YN
- No
- SP/LP
- 0.9
Tax Legal
- MLS Area Major
- 004 - Fayette County SW
- Subdivision Name
- Commercial
Parking Information
- Parking Total
- 56
More Information
Building
- Basement YN
- Yes
- Year Built
- 1989
- Stories Total
- 4
Lot
- Lot Size Acres
- 1.28
- Lot Size Square Feet
- 55756.85
Utilities
- Cooling YN
- Yes
- Electricity Connected
- Yes
- Natural Gas Available
- Yes
- Phone Available
- Yes
- Water Connected
- Yes
Remarks
- Public Remarks
- Location, Location, Location! Here is an opportunity to purchase a 40,000 square foot building on 1.25 acres of land on one of Lexington's popular business corridors. Currently operated as The Inn on Broadway, this hotel is next door to The Campbell House and the medical facilities of St. Joseph Hospital and The Lexington Clinic. Located just one mile from Downtown Lexington and one mile from the University of Kentucky campus, this property is in the heart of Lexington's business community. The first floor has a nicely appointed reception area/lobby, large meeting room, fitness room, and breakfast area. There are a total of 64 rooms. Forty are suites with a variety of king, queen and double bed configurations. This has always been a great hotel location but the property could be repurposed as office, assisted living or senior living center.
Showing Information
- Showing Instructions
- Call listing Broker at 859-619-1826.
Tax & Legal
- Tax Rate
- 1.2174
- Zoning Description
- B-3
- Directions
- Property located close to intersection of South Broadway and Waller Avenue. Enter property through the Campbell House entrance and follow the drive to the right.
Construction Materials
- Brick
- Yes
Possession
- Close Of Escrow
- Yes
Roof
- Composition
- Yes
Security Features
- Fire Sprinkler System
- Yes
Sewer
- Public Sewer
- Yes
Special Listing Conditions
- Standard
- Yes
Water Heater
- Water Heater
- Yes
Building Features
- Concrete Floor
- Yes
- Elevator(s)
- Yes
Business Type
- Hotel/Motel
- Yes
- Professional/Office
- Yes
Ceiling
- Dropped
- Yes
Electric
- 3 Phase
- Yes
Sale Includes
- Building(s)
- Yes
- Land
- Yes
Property Features
Utilities:
Electricity Connected; Natural Gas Available; Phone Available; Water Connected; Electricity Connected; Natural Gas Available; Phone Available; Water Connected
Building Features:
Concrete Floor; Elevator(s)
Business Type:
Hotel/Motel; Professional/Office
Ceiling:
Dropped
Construction Materials:
Brick
Electric:
3 Phase
Possession:
Close Of Escrow
Roof:
Composition
Sale Includes:
Building(s); Land
Security Features:
Fire Sprinkler System
Sewer:
Public Sewer
Special Listing Conditions:
Standard
Water Heater:
Water Heater
Listing Office:
Silvestri Real Estate, LLC
Last Updated: September - 03 - 2025
Information deemed reliable but not guaranteed.