249 W Short Street, Lexington, KY 40507
$2,628,000
Property Type:
Commercial Lease
Square Footage:
9,000
Lot Size (sq. ft.):
3,485
Status:
Closed
Current Price:
$2,628,000
List Date:
4/13/2022
Last Modified:
9/03/2025
Overview
Description
Listing Details MLS# 22007069
Listing Information
- Comp Sale YN
- No
- Property Sub Type
- Office
Status Change Information
- Status Change Timestamp
- 2022-04-13
- Purchase Contract Date
- 2021-12-01
- Close Date
- 2022-04-08
- Close Price
- 2628000
- Buyer Financing
- Other
Address
- County
- Fayette
- Street Number
- 249
- Street Direction Prefix
- W
- Street Name
- Short
- Street Suffix
- Street
- State
- KY
- Zip Code
- 40507
- Parcel Number
- 38251520
Contract
- Original List Price
- 3400000
- Start Showing Date
- 2022-04-13
- Listing Contract Date
- 2021-04-30
- Listing Agreement
- Exclusive Right To Lease
- Occupant Type
- Occupied
- Office Exclusive YN
- No
- SP/LP
- 0.77
Tax Legal
- MLS Area Major
- 001 - Fayette County NW
- Subdivision Name
- Downtown
Interior
- Living Area
- 9000
More Information
Parking Information
- Parking Total
- 5
Building
- Stories Total
- 3
- Year Built
- 1900
Lot
- Lot Size Acres
- 0.08
- Lot Size Square Feet
- 3485
Utilities
- Cooling YN
- Yes
- Electricity Connected
- Yes
- Natural Gas Available
- Yes
- Sewer Connected
- Yes
- Water Connected
- Yes
Remarks
- Public Remarks
- Fantastic opportunity to purchase a gorgeous, Renovated, historic building Downtown Located at the corner of West Short and Market Streets, this mixed use building, zoned B2-B, offers a first floor restaurant/bar, second floor offices and third floor 2800 square foot residence. Parlay Social was established in 2011 as a prohibition themed restaurant, bar and live music venue. It was recognized as a Top 55 Bourbon Bar in the US by Bourbon Review Magazine. The sale of the business is included in the purchase price. The second level is leased for use as law offices. The third floor luxury penthouse residence is offered furnished and features 3 bedrooms, 3 full baths with elevator & rooftop access. The building shares a common area with Dudley's restaurant and 2 assigned parking spaces are behind the building. All plumbing, electric and HVAC have been upgraded in the last 10 years with a new roof in 2018. Owner has started a new venture and is ready to focus on it full time
Tax & Legal
- Zoning Description
- B2-B
- Directions
- Located on the corner of West Short and Market Street
Association/Community
- Accessibility Features YN
- Yes
Parking Features
- On Site
- Yes
- Paved
- Yes
Possession
- Negotiable
- Yes
Sewer
- Public Sewer
- Yes
Building Features
- Elevator(s)
- Yes
Business Type
- Professional/Office
- Yes
- Restaurant
- Yes
- Other
- Yes
Lease Includes
- Building(s)
- Yes
- Business
- Yes
- Equipment
- Yes
- Fixtures
- Yes
- Land
- Yes
- Leases
- Yes
Property Features
Utilities:
Electricity Connected; Natural Gas Available; Sewer Connected; Water Connected; Electricity Connected; Natural Gas Available; Sewer Connected; Water Connected
Building Features:
Elevator(s)
Business Type:
Professional/Office; Restaurant; Other
Lease Includes:
Building(s); Business; Equipment; Fixtures; Land; Leases
Parking Features:
On Site; Paved
Possession:
Negotiable
Sewer:
Public Sewer
Listing Office:
Bluegrass Sotheby's International Realty
Last Updated: September - 03 - 2025
Information deemed reliable but not guaranteed.