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

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-main ...

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.