250 E Short Street, Lexington, KY 40507
$1,895,000
Property Type:
Commercial Sale
Square Footage:
8,102
Lot Size (sq. ft.):
5,227
Status:
Active
Current Price:
$1,895,000
List Date:
7/01/2026
Last Modified:
7/01/2026
Listing Details MLS# 26015715
Listing Information
- Comp Sale YN
- No
- Property Sub Type
- Office
Status Change Information
- Status Change Timestamp
- 2026-07-01
Address
- County
- Fayette
- Street Number
- 250
- Street Direction Prefix
- E
- Street Name
- Short
- Street Suffix
- Street
- State
- KY
- Zip Code
- 40507
- Parcel Number
- 10200000
Contract
- Original List Price
- 1895000
- Start Showing Date
- 2026-07-01
- Listing Contract Date
- 2026-07-01
- Listing Agreement
- Exclusive Right To Sell
- Occupant Type
- Vacant
- Office Exclusive YN
- No
- List Price/SqFt
- 233.89
Tax Legal
- MLS Area Major
- 001 - Fayette County NW
- Subdivision Name
- Commercial
Interior
- Living Area
- 8102
- Living Area Units
- Square Feet
- Building Area Total
- 8102
- Building Area Source
- Public Records
- Building Area Units
- Square Feet
More Information
Parking Information
- Parking Total
- 9
Building
- Year Built
- 1948
- Stories Total
- 3
- Accessibility Features YN
- No
Lot
- Lot Size Acres
- 0.12
- Lot Size Square Feet
- 5227
Remarks
- Public Remarks
- Renovated in 2018, 250 E. Short Street offers modern interior finishes in a great downtown location. The entry way is a split level with glass and wood beams. The space has beautiful hardwood flooring, tall ceilings and large windows which provides ample natural lighting. Investment Opportunity - Downtown Lexington: Located in the heart of downtown Lexington, 250 East Short Street presents an exceptional opportunity for investors seeking a high-quality, income-producing asset in a premier location. The building underwent a complete renovation in 2018 by the current owner and stands as one of the most attractive and well-maintained properties in the downtown market. Over the past year, portions of the building have been further improved and customized to accommodate the specific needs of its three current tenants, enhancing both functionality and tenant satisfaction. The property also features a dedicated parking lot on the west side of the building, providing nine reserved parking spaces for tenants and their clients—a valuable amenity in the downtown area. Currently fully occupied by three tenants, this multi-tenant investment offers stable cash flow and delivers an attractive 6.7% capitalization rate, making it an outstanding opportunity for investors seeking strong returns and long-term value appreciation. Property Highlights: -This building offers prime Downtown Lexington location -Fully renovated in 2018, with some additional tenant-specific improvements completed within the past year -With three established tenants, this investment generates income from day one -Nine reserved on-site parking spaces -Well-maintained, turnkey investment opportunity with a 6.7% CAP Rate
Building and Property Details
- Usable SqFt
- 8102
Income and Expenses
- Net Operating Income
- 126965
Showing Information
- Showing Instructions
- Please contact agent for showing requests.
Tax & Legal
- Tax Rate
- 1.2846
- Zoning
- Other
- Zoning Description
- B-2A
- Directions
- S. Limestone inbound to a right on E. Short Street. Property will be on your right.
Association/Community
- Number Of Buildings
- 1
Parking Features
- On Site
- Yes
- Paved
- Yes
Possession
- Close Of Escrow
- Yes
Business Type
- Professional/Office
- Yes
- Retail
- Yes
Existing Lease Type
- Gross
- Yes
Sale Includes
- Building(s)
- Yes
- Fixtures
- Yes
- Leases
- Yes
Showing Requirements
- Call Listing Agent
- Yes
Property Features
Business Type:
Professional/Office; Retail
Existing Lease Type:
Gross
Parking Features:
On Site; Paved
Possession:
Close Of Escrow
Sale Includes:
Building(s); Fixtures; Leases
Showing Requirements:
Call Listing Agent
Listing Office:
Block + Lot Homes
Last Updated: July - 01 - 2026
Information deemed reliable but not guaranteed.