400-402 N Limestone, Lexington, KY 40508
$1,000,000
Property Type:
Commercial Sale
Square Footage:
524
Lot Size (sq. ft.):
5,227
Status:
Pending
Current Price:
$1,000,000
List Date:
4/03/2026
Last Modified:
5/27/2026
Listing Details MLS# 26007013
Listing Information
- Comp Sale YN
- No
- Property Sub Type
- Mixed Use
Status Change Information
- Status Change Timestamp
- 2026-04-27
- Purchase Contract Date
- 2026-04-24
Address
- County
- Fayette
- Street Number
- 400-402
- Street Direction Prefix
- N
- Street Name
- Limestone
- State
- KY
- Zip Code
- 40508
- Parcel Number
- 16003250
Contract
- Original List Price
- 1000000
- Start Showing Date
- 2026-04-03
- Listing Contract Date
- 2026-03-31
- Listing Agreement
- Exclusive Right To Sell
- Occupant Type
- Occupied
- Office Exclusive YN
- No
- List Price/SqFt
- 1908.4
Tax Legal
- MLS Area Major
- 003 - Fayette County SE
- Subdivision Name
- Downtown
Interior
- Living Area
- 4735
- Living Area Units
- Square Feet
- Living Area Source
- Public Records
- Building Area Total
- 524
- Building Area Source
- Public Records
- Building Area Units
- Square Feet
More Information
Parking Information
- Parking Total
- 62
Building
- Basement YN
- Yes
- Year Built
- 1890
- Stories Total
- 2
- Accessibility Features YN
- No
- Leasable Area
- 4735
Lot
- Lot Size Acres
- 0.12
- Lot Size Square Feet
- 5227.2
Utilities
- Cooling YN
- Yes
- Heating YN
- Yes
- Cable Available
- Yes
- Electricity Connected
- Yes
- Natural Gas Connected
- Yes
- Sewer Connected
- Yes
- Water Connected
- Yes
Remarks
- Public Remarks
- Great Investment Opportunity in the Heart of Downtown- positioned in a prime downtown location, this versatile property offers incredible potential for investors. Currently configured with four residential units zoned R-4, one commercial space zoned B-1, and 6 off street parking spots and 2 car garage, this asset provides immediate income with strong upside for future development. Situated within walking distance to the courthouse, Transylvania University, Sayre School, lots of restaurants, and the vibrant downtown scene, the location is ideal for both residential and commercial tenants seeking convenience and accessibility. The property also features valuable off street parking, a rare and highly desirable amenity in a downtown setting. A great strategic long term hold in a high demand area, this is a unique opportunity worth exploring. Salon: $1290 per month leased until 2027 2 bedroom up $1600 per month (until June 2026) 1 bedroom up $1600 per month (month to month) 1 bedroom down $1600 per month (month to month) efficiency $1100 per month
Tax & Legal
- Tax Rate
- 1.2638
- Zoning
- Other
- Zoning Description
- R4, B1
- Directions
- Nicholasville Rd to Limestone. Past Lexington Traditional Middle School. Corner of N Limestone & Fourth Street.
Association/Community
- Number Of Buildings
- 1
Basement
- Unfinished
- Yes
Cooling
- Central Air
- Yes
Heating
- Forced Air
- Yes
Parking Features
- Enclosed
- Yes
- Other
- Yes
Possession
- Rental Agreement
- Yes
Sewer
- Public Sewer
- Yes
Water Heater
- Electric
- Yes
- Gas
- Yes
Business Type
- Professional Service
- Yes
- Other
- Yes
Sale Includes
- Building(s)
- Yes
Showing Requirements
- Call Listing Agent
- Yes
Property Features
Utilities:
Cable Available; Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected; Cable Available; Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected
Basement:
Unfinished
Business Type:
Professional Service; Other
Cooling:
Central Air
Heating:
Forced Air
Parking Features:
Enclosed; Other
Possession:
Rental Agreement
Sale Includes:
Building(s)
Sewer:
Public Sewer
Water Heater:
Electric; Gas
Showing Requirements:
Call Listing Agent
Seller Disclosure ›
Listing Office:
Turf Town Properties
Last Updated: May - 27 - 2026
Information deemed reliable but not guaranteed.