203 E Fourth Street, Lexington, KY 40508

$800,000
Property Type: Commercial Sale Square Footage: 10,557 Lot Size (sq. ft.): 33,541 Status: Closed
Current Price: $800,000 List Date: 7/02/2021 Last Modified: 9/03/2025

Overview

Description

This offers a unique opportunity to own a beautiful, free-standing office building in Downtown Lexington under $85/SF. This brick Victorian style building was built in the 1840's and sits on a picturesque 0.77 Acres (per PVA) with a well-manicured lot and mature landscaping. The building is 10,557 SF (per PVA) on three floors with an elevator. The 1st and 2nd floors are fully finished, the 3rd floor is partially finished, and an unfinished basement (not included in total SF). The building features an abundance of natural light from the large windows, has a wet sprinkler system, fire alarm system, and 20 parking spaces. The property is currently used as offices, and has been previously used as event space and a single family residence. The property is zoned R-4 allowing a multitude of uses including converting to high density apartments, or a single family home. There was a new addition to the building in 2002/2003 in which the elevator was added.

Listing Details MLS# 20001653

Listing Information

Property Sub Type
Office

Status Change Information

Price Change Timestamp
2021-07-02T18:11:44Z
Status Change Timestamp
2022-01-04
Purchase Contract Date
2021-09-07
Close Date
2021-12-31
Close Price
800000
Buyer Financing
Cash
Sale Type
Arms Length Sale

Address

County
Fayette
Street Number
203
Street Direction Prefix
E
Street Name
Fourth
Street Suffix
Street
State
KY
Zip Code
40508
Parcel Number
15911600

Contract

Original List Price
1050000
Start Showing Date
2020-01-22
Listing Contract Date
2020-01-22
Listing Agreement
Exclusive Right To Sell
Occupant Type
Occupied
Office Exclusive YN
No
SP/LP
0.91

Tax Legal

MLS Area Major
002 - Fayette County NE
Subdivision Name
Commercial

Interior

Living Area
10557

More Information

Parking Information

Parking Total
20

Building

Basement YN
Yes
Year Built
9999
Stories Total
3

Lot

Lot Size Acres
0.77
Lot Size Square Feet
33541.23

Remarks

Public Remarks
This offers a unique opportunity to own a beautiful, free-standing office building in Downtown Lexington under $85/SF. This brick Victorian style building was built in the 1840's and sits on a picturesque 0.77 Acres (per PVA) with a well-manicured lot and mature landscaping. The building is 10,557 SF (per PVA) on three floors with an elevator. The 1st and 2nd floors are fully finished, the 3rd floor is partially finished, and an unfinished basement (not included in total SF). The building features an abundance of natural light from the large windows, has a wet sprinkler system, fire alarm system, and 20 parking spaces. The property is currently used as offices, and has been previously used as event space and a single family residence. The property is zoned R-4 allowing a multitude of uses including converting to high density apartments, or a single family home. There was a new addition to the building in 2002/2003 in which the elevator was added.

Showing Information

Showing Instructions
Call Listing Agent to Show.

Tax & Legal

Tax Rate
1.2777
Zoning Description
R-4
Directions
The property is located at the corner of E Fourth Street and N. Martin Luther King Blvd. in close proximity to the Carrick House, Transylvania University and the NoLi District offering several nearby amenities.

Association/Community

Number Of Buildings
1

Construction Materials

Brick
Yes

Security Features

Fire Sprinkler System
Yes

Special Listing Conditions

Standard
Yes

Building Features

Elevator(s)
Yes

Business Type

Professional/Office
Yes
Other
Yes

Property Features

Building Features: Elevator(s) Business Type: Professional/Office; Other Construction Materials: Brick Security Features: Fire Sprinkler System Special Listing Conditions: Standard
Listing Office: Block + Lot Homes
Last Updated: September - 03 - 2025
Information deemed reliable but not guaranteed.