497 E Main Street, Lexington, KY 40507
$970,000
Property Type:
Commercial Sale
Square Footage:
7,272
Lot Size (sq. ft.):
10,454
Status:
Closed
Current Price:
$970,000
List Date:
5/12/2025
Last Modified:
9/03/2025
Overview
Description
...
(Read more)
On behalf of Ann Greely Interiors, Inc., we are pleased to bring to market 497 E. Main Street in Lexington, KY. The property features a 7,272 SF free-standing three-story building originally constructed around 1890, renovated and expanded in 1997, and sits on 0.24 acres zoned B-2A (Downtown Frame Business).
The building offers a multitude of office, conference, showroom, break room/kitchenette, storage options and the flexible zoning creates opportunity for professional office, retail, and/or a residential conversion. The building comes with approximately 8 parking spaces with several additional parking options in close vicinity, a basement (not included in SF), monument signage, a freight elevator in the storage wing, and several built-ins. The building had a new roof installed and was freshly painted in 2023.
Property Highlights:
- Free standing office/retail
- New roof & paint in 2023
- Flexible zoning uses
- A+ location
- High visibility and monument signage
- Well-maintained
Fronting E. Main Street, the property enjoys direct traffic counts of 31,393 cars/day with outstanding nearby amenities such as dining, shopping, and financial institutions.
Listing Details MLS# 25009833
Listing Information
- Comp Sale YN
- No
- Property Sub Type
- Office
Status Change Information
- Status Change Timestamp
- 2025-08-18
- Purchase Contract Date
- 2025-05-16
- Close Date
- 2025-08-15
- Close Price
- 970000
Address
- County
- Fayette
- Street Number
- 497
- Street Direction Prefix
- E
- Street Name
- Main
- Street Suffix
- Street
- State
- KY
- Zip Code
- 40507
- Parcel Number
- 16213475
Contract
- Original List Price
- 1175000
- Start Showing Date
- 2025-05-12
- Listing Contract Date
- 2025-05-12
- Listing Agreement
- Exclusive Right To Sell
- Occupant Type
- Vacant
- Office Exclusive YN
- No
- List Price/SqFt
- 161.58
- Sold Price/SqFt
- 133.39
- SP/LP
- 0.83
Tax Legal
- MLS Area Major
- 002 - Fayette County NE
- Subdivision Name
- Commercial
Interior
- Living Area
- 7272
- Building Area Total
- 7272
More Information
Parking Information
- Parking Total
- 10
Building
- Year Built
- 1890
- Stories Total
- 3
Lot
- Lot Size Acres
- 0.24
- Lot Size Square Feet
- 10454
- Road Frontage Feet
- 121
Remarks
- Public Remarks
- On behalf of Ann Greely Interiors, Inc., we are pleased to bring to market 497 E. Main Street in Lexington, KY. The property features a 7,272 SF free-standing three-story building originally constructed around 1890, renovated and expanded in 1997, and sits on 0.24 acres zoned B-2A (Downtown Frame Business). The building offers a multitude of office, conference, showroom, break room/kitchenette, storage options and the flexible zoning creates opportunity for professional office, retail, and/or a residential conversion. The building comes with approximately 8 parking spaces with several additional parking options in close vicinity, a basement (not included in SF), monument signage, a freight elevator in the storage wing, and several built-ins. The building had a new roof installed and was freshly painted in 2023. Property Highlights: - Free standing office/retail - New roof & paint in 2023 - Flexible zoning uses - A+ location - High visibility and monument signage - Well-maintained Fronting E. Main Street, the property enjoys direct traffic counts of 31,393 cars/day with outstanding nearby amenities such as dining, shopping, and financial institutions.
Building and Property Details
- # of Men's Restrooms
- Yes
- # of Women's Restrooms
- 2
Showing Information
- Showing Instructions
- Agent must be present for showing. Please contact listing agent to schedule a tour.
Tax & Legal
- Tax Rate
- 1.2643
- Zoning Description
- B-2A (Downtown Frame Business)
- Directions
- 497 E. Main Street is located on the east end of Lexington's Central Business District in close proximity to the Kenwick, Ashland, and Chevy Chase neighborhoods.
Association/Community
- Number Of Buildings
- 1
Construction Materials
- Brick
- Yes
Parking Features
- On Site
- Yes
- Paved
- Yes
Roof
- Shingle
- Yes
Special Listing Conditions
- Standard
- Yes
Business Type
- Professional/Office
- Yes
- Retail
- Yes
Existing Lease Type
- None
- Yes
Sale Includes
- Building(s)
- Yes
- Land
- Yes
Property Features
Business Type:
Professional/Office; Retail
Construction Materials:
Brick
Existing Lease Type:
None
Parking Features:
On Site; Paved
Roof:
Shingle
Sale Includes:
Building(s); Land
Special Listing Conditions:
Standard
Listing Office:
Block + Lot Homes
Last Updated: September - 03 - 2025
Information deemed reliable but not guaranteed.
