300-304 Madison Place, Lexington, KY 40508

$1,625,000
Property Type: Commercial Sale Square Footage: 4,400 Lot Size (sq. ft.): 4,517 Status: Closed
Current Price: $1,625,000 List Date: 5/08/2025 Last Modified: 12/29/2025

Overview

Description

Unique Investment Opportunity in Downtown Lexington! This private campus setting is located on High Street and Madison Place, directly across from Gatton Park and Central Bank Center. Three parcels consisting of 724 West High (incredible carriage house with 2-car garage and office/residence on 2nd level), 300 Madison Place (historic tri-plex with mid- and short-term rental potential) and 304 Madison Place - (an adjoining vacant lot with parking and green space). You can make this your forever estate by converting the triplex to a single family home or maintain its current use as rental property and construct an additional building on the vacant lot at 304 Madison Place. The Properties are zoned R-2. The property offers several off-street parking spaces in addition to the parking in the garage of the Carriage House. Property Highlights: -Outstanding Location -Short & Midterm Rental Potential -Architectural Design -Abundant Off-Street Parking Ideally located in historic Woodwar ...

Listing Details MLS# 25009573

Listing Information

Comp Sale YN
No
Property Sub Type
Business

Status Change Information

Status Change Timestamp
2025-12-29
Purchase Contract Date
2025-11-17
Close Date
2025-12-29
Close Price
1625000
Buyer Financing
Conventional
Sale Type
Arms Length Sale

Address

County
Fayette
Street Number
300-304
Street Name
Madison
Street Suffix
Place
State
KY
Zip Code
40508
Parcel Number
12546600

Contract

Original List Price
1749000
Start Showing Date
2025-05-08
Listing Contract Date
2025-05-08
Listing Agreement
Exclusive Right To Sell
Occupant Type
Vacant
Office Exclusive YN
No
List Price/SqFt
397.5
Sold Price/SqFt
369.32
SP/LP
0.93

Tax Legal

MLS Area Major
001 - Fayette County NW
Subdivision Name
Commercial

Interior

Living Area
4400
Building Area Total
4400

More Information

Building

Year Built
1990
Stories Total
2

Lot

Lot Size Acres
0.1037
Lot Size Square Feet
4517

Remarks

Public Remarks
Unique Investment Opportunity in Downtown Lexington! This private campus setting is located on High Street and Madison Place, directly across from Gatton Park and Central Bank Center. Three parcels consisting of 724 West High (incredible carriage house with 2-car garage and office/residence on 2nd level), 300 Madison Place (historic tri-plex with mid- and short-term rental potential) and 304 Madison Place - (an adjoining vacant lot with parking and green space). You can make this your forever estate by converting the triplex to a single family home or maintain its current use as rental property and construct an additional building on the vacant lot at 304 Madison Place. The Properties are zoned R-2. The property offers several off-street parking spaces in addition to the parking in the garage of the Carriage House. Property Highlights: -Outstanding Location -Short & Midterm Rental Potential -Architectural Design -Abundant Off-Street Parking Ideally located in historic Woodward Heights, steps away from the new Amphitheater at Gatton Park, Central Bank Center/Rupp Arena, the central Business District, and local shopping/restaurants!

Showing Information

Showing Instructions
Contact agents to schedule a showing.

Tax & Legal

Tax Rate
1.2583
Zoning Description
R-2
Directions
Outbound W. High Street, left to 724 W. High Street driveway or Madison Place to front street parking, first house on left.

Association/Community

Number Of Buildings
2

Construction Materials

Brick
Yes

Parking Features

On Site
Yes
Paved
Yes

Roof

Shingle
Yes

Special Listing Conditions

Standard
Yes

Building Features

Partially Carpeted
Yes
Wood Flooring
Yes

Business Type

Commercial
Yes
Other
Yes

Sale Includes

Building(s)
Yes
Land
Yes

Property Features

Building Features: Partially Carpeted; Wood Flooring Business Type: Commercial; Other Construction Materials: Brick Parking Features: On Site; Paved Roof: Shingle Sale Includes: Building(s); Land Special Listing Conditions: Standard
Listing Office: Block + Lot Homes
Last Updated: December - 29 - 2025
Information deemed reliable but not guaranteed.