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221-239 W Short Street, Lexington, KY 40507

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For Sale
Sale Pending

$4,150,000

0.74 acres

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Other Residential
    Property type

  • 0.7 acres
    Lot size

Explore this Property

Block + Lot is pleased to present this rarely available, high barrier for entry offering in the heart of downtown Lexington. This prime location serves as parking for the surrounding retail and office that serve downtown Lexington. Stabilized income, Modified Net Lease structure (Landlord paying property tax only, Tenant pays Insurance and all Operating Costs), strong credit serve this offering, with a recent expiration of a 5 year term currently on month to month with tenant eager to renew (potentially at increased rate) but lending opportunity for new owner to renew, lease to a similar/different professional parking business, or redevelop the site at buyer discretion. Tremendous value add potential given that the revenues today are approximately 55% of what they were in 2019, with the seller having executed the Lease just before the Covid pandemic. Buyer agent fee not included in offered price. -Located in the Designated Opportunity Zone for Lexington, Kentucky -Heart of Downtown Lexington, surrounded by retail, office, and residential -Rarely available purchase opportunity with multitude of possibilities for new owner
MLS# 25018584

Courtesy Of Block + Lot Real Estate

(859) 309-0099

Property Features

  • Architecture Style
    Other
  • Lot Size
    0.74 Acres

Map and Directions

Directions to 221-239 W Short Street, Lexington, KY 40507

Home seller CENTURY 21 Simpson & Associates

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Simpson & Associates

(502) 223-1600
Learn More About Us

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Monthly Payment Breakdown

  • Principle and Interest
    $0
  • Property Taxes
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  • Hazard Insurance
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  • Private Mortgage Insurance
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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.