109-119 N Mill Street, Lexington, KY 40507

$2,600,000

Property Type: Commercial Sale Square Footage: 12,000 Lot Size (sq. ft.): 4,500 Status: Active

Current Price: $2,600,000 List Date: 3/27/2026 Last Modified: 3/27/2026

Overview

Description

Amazing opportunity. 6 apartments, 2 retail storefronts in 3 contiguous buildings. Stabilized property with a strong rental history. Easily managed. Buildings where completely renovated in 2010 and have been exceptionally well maintained by the current owners

Listing Details MLS# 26006199

Listing Information

Comp Sale YN: No
Property Sub Type: Mixed Use

Status Change Information

Status Change Timestamp: 2026-03-27

Address

County: Fayette
Street Number: 109-119
Street Direction Prefix: N
Street Name: Mill
Street Suffix: Street
State: KY
Zip Code: 40507
Parcel Number: 38234110

Contract

Original List Price: 2600000
Start Showing Date: 2026-03-27
Listing Contract Date: 2026-03-27
Listing Agreement: Exclusive Right To Sell
Occupant Type: Occupied
Office Exclusive YN: No
List Price/SqFt: 216.67

Tax Legal

MLS Area Major: 001 - Fayette County NW
Subdivision Name: Downtown

Interior

Living Area: 11000
Living Area Units: Square Feet
Building Area Total: 12000
Building Area Source: Public Records
Building Area Units: Square Feet

More Information

Building

Basement YN: Yes
Year Built: 1886
Stories Total: 3
Accessibility Features YN: No

Lot

Lot Size Acres: 0.1033
Lot Size Square Feet: 4500

Utilities

Cooling YN: Yes
Heating YN: Yes
Electricity Connected: Yes
Natural Gas Connected: Yes
Phone Connected: Yes
Sewer Connected: Yes
Water Connected: Yes

Remarks

Public Remarks: Amazing opportunity. 6 apartments, 2 retail storefronts in 3 contiguous buildings. Stabilized property with a strong rental history. Easily managed. Buildings where completely renovated in 2010 and have been exceptionally well maintained by the current owners

Building and Property Details

Furniture, Fixtures & Equipment YN: No
Building Expansion Potential YN: No
Lot Expansion Potential YN: No
Railroad Siding YN: No

Showing Information

Showing Instructions: Call Chris Mitchell

Tax & Legal

Tax Rate: 1.2638
Zoning: Other
Zoning Description: B-2B
Directions: West Main, right on North Mill Street. Buildings are on your left

Association/Community

Number Of Buildings: 3

Basement

Crawl Space: Yes
Unfinished: Yes

Construction Materials

Brick: Yes

Cooling

Multi Units: Yes

Heating

Heat Pump: Yes

Listing Terms

1031 Exchange: Yes
Cash: Yes
Conventional: Yes

Parking Features

None: Yes

Possession

Close Of Escrow: Yes

Roof

Membrane: Yes

Security Features

Fire Sprinkler System: Yes

Sewer

Public Sewer: Yes

Special Listing Conditions

Standard: Yes

Water Heater

Electric: Yes

Building Features

Partially Carpeted: Yes
Wood Flooring: Yes

Business Type

Food & Beverage: Yes
Professional Service: Yes

Ceiling

Dropped: Yes
Open: Yes

Docks

None: Yes

Electric

100 Amp Service: Yes

Existing Lease Type

Gross: Yes

Sale Includes

Building(s): Yes

Tenant Pays

Electricity: Yes

Showing Requirements

Call Listing Agent: Yes
Listing Agent Must Accompany: Yes
No Sign: Yes
Showing Service: Yes

Property Features

Utilities: Electricity Connected; Natural Gas Connected; Phone Connected; Sewer Connected; Water Connected; Electricity Connected; Natural Gas Connected; Phone Connected; Sewer Connected; Water Connected Basement: Crawl Space; Unfinished Building Features: Partially Carpeted; Wood Flooring Business Type: Food & Beverage; Professional Service Ceiling: Dropped; Open Construction Materials: Brick Cooling: Multi Units Docks: None Electric: 100 Amp Service Existing Lease Type: Gross Heating: Heat Pump Listing Terms: 1031 Exchange; Cash; Conventional Parking Features: None Possession: Close Of Escrow Roof: Membrane Sale Includes: Building(s) Security Features: Fire Sprinkler System Sewer: Public Sewer Special Listing Conditions: Standard Tenant Pays: Electricity Water Heater: Electric Showing Requirements: Call Listing Agent; Listing Agent Must Accompany; No Sign; Showing Service

Listing Office: Bluegrass Sotheby's International Realty

Last Updated: March - 27 - 2026

Information deemed reliable but not guaranteed.