302 W High Street, Lexington, KY 40507

$850,000
Property Type: Commercial Sale Square Footage: 2,864 Lot Size (sq. ft.): 3,363 Status: Closed
Current Price: $850,000 List Date: 4/17/2025 Last Modified: 9/04/2025

Overview

Description

Welcome to a one-of-a-kind property nestled in the heart of Lexington's historic downtown district. This exceptional space seamlessly combines charm and modernity, making it a true gem. The main level serves as a vibrant hub of activity, featuring a chic salon, an upscale boutique, and a serene spa. This fully operational and successful establishment is ready for its new owner to let their imagination run wild. With the existing and incredibly valuable B-2B zoning, this fully renovated building offers a unique experience, attracting both locals and visitors seeking relaxation and style in a historic setting. The elegance doesn't stop there. Venture to the second level, where a fully renovated Airbnb awaits. This inviting space blends contemporary comforts with the building's historic charm, providing guests with a memorable stay. Whether they are here for a peaceful retreat or an urban adventure, they'll be perfectly situated to explore the historic surroundings and vibrant local ...

Listing Details MLS# 24021896

Listing Information

Comp Sale YN
No
Property Sub Type
Business

Status Change Information

Price Change Timestamp
2025-02-17T15:41:55Z
Status Change Timestamp
2025-07-20
Purchase Contract Date
2025-06-16
Close Date
2025-07-18
Close Price
850000
Buyer Financing
Conventional
Sale Type
Arms Length Sale
Concessions Comments
No

Address

County
Fayette
Street Number
302
Street Direction Prefix
W
Street Name
High
Street Suffix
Street
State
KY
Zip Code
40507
Parcel Number
12987500

Contract

Original List Price
998500
Start Showing Date
2024-10-16
Listing Contract Date
2024-10-17
Listing Agreement
Exclusive Right To Sell
Occupant Type
Occupied
Office Exclusive YN
No
List Price/SqFt
345.32
Sold Price/SqFt
296.79
SP/LP
0.86

Tax Legal

MLS Area Major
003 - Fayette County SE
Subdivision Name
Downtown

Interior

Living Area
2864
Building Area Total
2864

More Information

Building

Year Built
1930
Stories Total
2

Lot

Lot Size Acres
0.0772
Lot Size Square Feet
3363
Road Frontage Feet
28

Remarks

Public Remarks
Welcome to a one-of-a-kind property nestled in the heart of Lexington's historic downtown district. This exceptional space seamlessly combines charm and modernity, making it a true gem. The main level serves as a vibrant hub of activity, featuring a chic salon, an upscale boutique, and a serene spa. This fully operational and successful establishment is ready for its new owner to let their imagination run wild. With the existing and incredibly valuable B-2B zoning, this fully renovated building offers a unique experience, attracting both locals and visitors seeking relaxation and style in a historic setting. The elegance doesn't stop there. Venture to the second level, where a fully renovated Airbnb awaits. This inviting space blends contemporary comforts with the building's historic charm, providing guests with a memorable stay. Whether they are here for a peaceful retreat or an urban adventure, they'll be perfectly situated to explore the historic surroundings and vibrant local culture. Perched perfectly adjacent to Rupp Arena, this chic and charming Airbnb is a proven fan favorite.. Continue to lease the second level; or keep it for yourself as a primary or vacation home. The possibilities are endless. This property is not just a place of business; it's a destination in its own right. With its prime location and diverse offerings, it's poised to be a cornerstone of the community, catering to both residents and tourists alike. Discover the perfect synergy of commerce and hospitality in this unique downtown property.

Building and Property Details

# of Floors Serviced
2

Showing Information

Showing Instructions
Please contact LA and we will work together with the owner to set up a mutually agreeable time.

Tax & Legal

Tax Rate
1.2643
Zoning Description
B-2B
Directions
From Richmond Rd. Continue onto E Main St. Turn right onto S Broadway. Turn left onto W High St. The destination will be on your right.

Association/Community

Number Of Buildings
1

Utilities

Electricity Connected
Yes
Natural Gas Connected
Yes
Sewer Connected
Yes
Water Connected
Yes

Construction Materials

Brick
Yes
Other
Yes

Possession

Negotiable
Yes

Sewer

Public Sewer
Yes

Business Type

Commercial
Yes
Mixed
Yes
Other
Yes

Sale Includes

Building(s)
Yes
Land
Yes
Leases
Yes

Property Features

Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected; Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected Business Type: Commercial; Mixed; Other Construction Materials: Brick; Other Possession: Negotiable Sale Includes: Building(s); Land; Leases Sewer: Public Sewer
Listing Office: Legacy Real Estate Firm
Last Updated: September - 04 - 2025
Information deemed reliable but not guaranteed.