250 E Short Street Lexington, KY $ 1,895,000
250 E Short Street
$ 1,895,000
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250 E Short Street

Lexington, KY, 40507
$ 1,895,000
Bedrooms-- Baths-- Sq 8,102
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Property for Rent in Lexington, KY

for $1,895,000. This 8,102 square foot property was built in 1948 on a lot size of 0.12.

Renovated in 2018, 250 E. Short Street offers modern interior finishes in a great downtown location. The entry way is a split level with glass and wood beams. The space has beautiful hardwood flooring, tall ceilings and large windows which provides ample natural lighting. Investment Opportunity - Downtown Lexington: Located in the heart of downtown Lexington, 250 East Short Street presents an exceptional opportunity for investors seeking a high-quality, income-producing asset in a premier location. The building underwent a complete renovation in 2018 by the current owner and stands as one of the most attractive and well-maintained properties in the downtown market. Over the past year, portions of the building have been further improved and customized to accommodate the specific needs of its three current tenants, enhancing both functionality and tenant satisfaction. The property also features a dedicated parking lot on the west side of the building, providing nine reserved parking spaces for tenants and their clients—a valuable amenity in the downtown area. Currently fully occupied by three tenants, this multi-tenant investment offers stable cash flow and delivers an attractive 6.7% capitalization rate, making it an outstanding opportunity for investors seeking strong returns and long-term value appreciation. Property Highlights: -This building offers prime Downtown Lexington location -Fully renovated in 2018, with some additional tenant-specific improvements completed within the past year -With three established tenants, this investment generates income from day one -Nine reserved on-site parking spaces -Well-maintained, turnkey investment opportunity with a 6.7% CAP Rate

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Rental Active

Price

$ 1,895,000

Taxes

$ 0

Style

Office

Lot Size

0.12

Year Built

1948

Town/City

Lexington

County/Region

Fayette

MLS | Web ID

26015715

Features
General
Possession Close Of Escrow
Zoning Other
Year Built 1948
Property Subtype Office
Parcel Number 10200000
Business Type Retail Professional/Office
County Fayette
Net Operating Income 126965.0
New Construction N
Property Type Commercial Sale
Attached Garage N
Subdivision Name Commercial
Status Active
Directions S. Limestone inbound to a right on E. Short Street. Property will be on your right.
City Lexington
Zoning Description B-2A
MLS Area 001 - Fayette County NW
Lot Size Units Acres
Lot Size Square Feet 5227.0
Land Lease Y/N N
MLS Area Minor 001 - Fayette County NW
Lease Considered Y/N N
Rent Control Y/N N
Building Area Units Square Feet
Lease Type Gross
Living Area Units Square Feet
Standard Status Active
Senior Community None
Water Body Access Y/N None
Accessibility Features Y/N None
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Exterior
Parking Features On Site Paved
Total Parking 9.0
Lot Size Area 0.12
Number of Buildings 1
Building Area Total 8102.0
Lot Size Acres 0.12
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 3
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Total Baths 0
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Internal Only
Street Number 1 250
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* Excluded Features
List By
Block + Lot Homes

Broker

rob@balrealestate.com

Email

Nearby
458656 Elementary School
458772 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/1/2026$1,895,000 Listed Price

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250 E Short Street, Lexington, KY, 40507 is a Property for Rent at $1,895,000 with 8,102 sqft and a lot size of 0.12. 250 E Short Street was built in 1948. The property's zip code is 40507 which is in Lexington, KY