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
...
(Read more)
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!
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.
