1301 S Broadway, Lexington, KY 40504 (MLS# 1726861)

1301 S Broadway, Lexington, KY 40504

$3,500,000

Property Type: Commercial Sale Lot Size (sq. ft.): 55,757 Status: Closed

Current Price: $3,500,000 List Date: 12/13/2017 Last Modified: 9/03/2025

Overview

Description

Location, Location, Location! Here is an opportunity to purchase a 40,000 square foot building on 1.25 acres of land on one of Lexington's popular business corridors. Currently operated as The Inn on Broadway, this hotel is next door to The Campbell House and the medical facilities of St. Joseph Hospital and The Lexington Clinic. Located just one mile from Downtown Lexington and one mile from the University of Kentucky campus, this property is in the heart of Lexington's business community. The first floor has a nicely appointed reception area/lobby, large meeting room, fitness room, and breakfast area. There are a total of 64 rooms. Forty are suites with a variety of king, queen and double bed configurations. This has always been a great hotel location but the property could be repurposed as office, assisted living or senior living center.

Listing Details MLS# 1726861

Listing Information

Property Sub Type: Hotel/Motel

Status Change Information

Price Change Timestamp: 2018-04-20T15:20:41Z
Status Change Timestamp: 2018-04-20
Purchase Contract Date: 2018-01-25
Close Date: 2018-04-20
Close Price: 3500000
Buyer Financing: Other
Sale Type: Arms Length Sale
Concessions Comments: none

Address

County: Fayette
Street Number: 1301
Street Direction Prefix: S
Street Name: Broadway
State: KY
Zip Code: 40504
Parcel Number: 12844200

Contract

Original List Price: 3900000
Start Showing Date: 2017-12-06
Listing Contract Date: 2017-12-06
Listing Agreement: Exclusive Right To Sell
Occupant Type: Occupied
Office Exclusive YN: No
SP/LP: 0.9

Tax Legal

MLS Area Major: 004 - Fayette County SW
Subdivision Name: Commercial

Parking Information

Parking Total: 56

More Information

Building

Basement YN: Yes
Year Built: 1989
Stories Total: 4

Lot

Lot Size Acres: 1.28
Lot Size Square Feet: 55756.85

Utilities

Cooling YN: Yes
Electricity Connected: Yes
Natural Gas Available: Yes
Phone Available: Yes
Water Connected: Yes

Remarks

Public Remarks: Location, Location, Location! Here is an opportunity to purchase a 40,000 square foot building on 1.25 acres of land on one of Lexington's popular business corridors. Currently operated as The Inn on Broadway, this hotel is next door to The Campbell House and the medical facilities of St. Joseph Hospital and The Lexington Clinic. Located just one mile from Downtown Lexington and one mile from the University of Kentucky campus, this property is in the heart of Lexington's business community. The first floor has a nicely appointed reception area/lobby, large meeting room, fitness room, and breakfast area. There are a total of 64 rooms. Forty are suites with a variety of king, queen and double bed configurations. This has always been a great hotel location but the property could be repurposed as office, assisted living or senior living center.

Showing Information

Showing Instructions: Call listing Broker at 859-619-1826.

Tax & Legal

Tax Rate: 1.2174
Zoning Description: B-3
Directions: Property located close to intersection of South Broadway and Waller Avenue. Enter property through the Campbell House entrance and follow the drive to the right.

Construction Materials

Brick: Yes

Possession

Close Of Escrow: Yes

Roof

Composition: Yes

Security Features

Fire Sprinkler System: Yes

Sewer

Public Sewer: Yes

Special Listing Conditions

Standard: Yes

Water Heater

Water Heater: Yes

Building Features

Concrete Floor: Yes
Elevator(s): Yes

Business Type

Hotel/Motel: Yes
Professional/Office: Yes

Ceiling

Dropped: Yes

Electric

3 Phase: Yes

Sale Includes

Building(s): Yes
Land: Yes

Property Features

Utilities: Electricity Connected; Natural Gas Available; Phone Available; Water Connected; Electricity Connected; Natural Gas Available; Phone Available; Water Connected Building Features: Concrete Floor; Elevator(s) Business Type: Hotel/Motel; Professional/Office Ceiling: Dropped Construction Materials: Brick Electric: 3 Phase Possession: Close Of Escrow Roof: Composition Sale Includes: Building(s); Land Security Features: Fire Sprinkler System Sewer: Public Sewer Special Listing Conditions: Standard Water Heater: Water Heater

Listing Office: Silvestri Real Estate, LLC

Last Updated: September - 03 - 2025

Information deemed reliable but not guaranteed.