127 W Main Street, Lexington, KY 40507 (MLS# 22018552)

127 W Main Street, Lexington, KY 40507

$1,100,000

Property Type: Commercial Sale Square Footage: 6,037 Lot Size (sq. ft.): 2,614 Status: Closed

Current Price: $1,100,000 List Date: 8/19/2022 Last Modified: 9/03/2025

Overview

Description

Located in the heart of the Central Business District this property stands prominently on Main St. 127-129 W. Main St. is a quality 3-story office building with the flexible B-2B downtown zoning classification. The tall storefront windows and classic building façade give the building excellent street presence and visibility. The building has wooden floors throughout, tall ceilings, interior exposed brick walls, and is fully sprinkled! The first floor has a beautiful reception area, 3 private offices, kitchenette, conference room, 2 bathrooms, and a data/copy room. Second floor has 5 private offices, conference room, another kitchenette, and 2 restrooms. The third floor has 3 private offices, 1 restroom, and an open work area. Zoning allows for office, retail, or residential uses. Property is located in the Downtown Management District and an Opportunity Zone!

Listing Details MLS# 22018552

Listing Information

Comp Sale YN: No
Property Sub Type: Office

Status Change Information

Status Change Timestamp: 2022-11-28
Purchase Contract Date: 2022-10-25
Close Date: 2022-11-21
Close Price: 1100000
Buyer Financing: Conventional

Address

County: Fayette
Street Number: 127
Street Direction Prefix: W
Street Name: Main
Street Suffix: Street
State: KY
Zip Code: 40507
Parcel Number: 12105678

Contract

Original List Price: 1225000
Start Showing Date: 2022-08-19
Listing Contract Date: 2022-08-18
Listing Agreement: Exclusive Right To Sell
Occupant Type: Occupied
Office Exclusive YN: No
List Price/SqFt: 202.92
Sold Price/SqFt: 182.21
SP/LP: 0.9

Tax Legal

MLS Area Major: 002 - Fayette County NE
Subdivision Name: Downtown

Interior

Building Area Total: 6037

More Information

Building

Year Built: 1940
Stories Total: 3

Lot

Lot Size Acres: 0.06
Lot Size Square Feet: 2614

Remarks

Public Remarks: Located in the heart of the Central Business District this property stands prominently on Main St. 127-129 W. Main St. is a quality 3-story office building with the flexible B-2B downtown zoning classification. The tall storefront windows and classic building façade give the building excellent street presence and visibility. The building has wooden floors throughout, tall ceilings, interior exposed brick walls, and is fully sprinkled! The first floor has a beautiful reception area, 3 private offices, kitchenette, conference room, 2 bathrooms, and a data/copy room. Second floor has 5 private offices, conference room, another kitchenette, and 2 restrooms. The third floor has 3 private offices, 1 restroom, and an open work area. Zoning allows for office, retail, or residential uses. Property is located in the Downtown Management District and an Opportunity Zone!

Showing Information

Showing Instructions: Contact Listing Agent for Showings. Agent must be present.

Tax & Legal

Tax Rate: 1.2727
Zoning Description: B-2B
Directions: Located directly across from City Center on West Main St. in Lexington

Utilities

Electricity Connected: Yes
Natural Gas Connected: Yes
Sewer Connected: Yes
Water Connected: Yes

Parking Features

None: Yes

Possession

Close Of Escrow: Yes
Negotiable: Yes

Roof

Flat: Yes

Security Features

Fire Sprinkler System: Yes

Sewer

Public Sewer: Yes

Special Listing Conditions

Standard: Yes

Building Features

Partially Carpeted: Yes
Wood Flooring: Yes

Business Type

Professional/Office: Yes

Existing Lease Type

None: Yes

Property Features

Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected; Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected Building Features: Partially Carpeted; Wood Flooring Business Type: Professional/Office Existing Lease Type: None Parking Features: None Possession: Close Of Escrow; Negotiable Roof: Flat Security Features: Fire Sprinkler System Sewer: Public Sewer Special Listing Conditions: Standard

Listing Office: Block + Lot Homes

Last Updated: September - 03 - 2025

Information deemed reliable but not guaranteed.