249 W Short Street, Lexington, KY 40507 (MLS# 22007069)

249 W Short Street, Lexington, KY 40507

$2,628,000

Property Type: Commercial Lease Square Footage: 9,000 Lot Size (sq. ft.): 3,485 Status: Closed

Current Price: $2,628,000 List Date: 4/13/2022 Last Modified: 9/03/2025

Overview

Description

Fantastic opportunity to purchase a gorgeous, Renovated, historic building Downtown Located at the corner of West Short and Market Streets, this mixed use building, zoned B2-B, offers a first floor restaurant/bar, second floor offices and third floor 2800 square foot residence. Parlay Social was established in 2011 as a prohibition themed restaurant, bar and live music venue. It was recognized as a Top 55 Bourbon Bar in the US by Bourbon Review Magazine. The sale of the business is included in the purchase price. The second level is leased for use as law offices. The third floor luxury penthouse residence is offered furnished and features 3 bedrooms, 3 full baths with elevator & rooftop access. The building shares a common area with Dudley's restaurant and 2 assigned parking spaces are behind the building. All plumbing, electric and HVAC have been upgraded in the last 10 years with a new roof in 2018. Owner has started a new venture and is ready to focus on it full time

Listing Details MLS# 22007069

Listing Information

Comp Sale YN: No
Property Sub Type: Office

Status Change Information

Status Change Timestamp: 2022-04-13
Purchase Contract Date: 2021-12-01
Close Date: 2022-04-08
Close Price: 2628000
Buyer Financing: Other

Address

County: Fayette
Street Number: 249
Street Direction Prefix: W
Street Name: Short
Street Suffix: Street
State: KY
Zip Code: 40507
Parcel Number: 38251520

Contract

Original List Price: 3400000
Start Showing Date: 2022-04-13
Listing Contract Date: 2021-04-30
Listing Agreement: Exclusive Right To Lease
Occupant Type: Occupied
Office Exclusive YN: No
SP/LP: 0.77

Tax Legal

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

Interior

Living Area: 9000

More Information

Parking Information

Parking Total: 5

Building

Stories Total: 3
Year Built: 1900

Lot

Lot Size Acres: 0.08
Lot Size Square Feet: 3485

Utilities

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

Remarks

Public Remarks: Fantastic opportunity to purchase a gorgeous, Renovated, historic building Downtown Located at the corner of West Short and Market Streets, this mixed use building, zoned B2-B, offers a first floor restaurant/bar, second floor offices and third floor 2800 square foot residence. Parlay Social was established in 2011 as a prohibition themed restaurant, bar and live music venue. It was recognized as a Top 55 Bourbon Bar in the US by Bourbon Review Magazine. The sale of the business is included in the purchase price. The second level is leased for use as law offices. The third floor luxury penthouse residence is offered furnished and features 3 bedrooms, 3 full baths with elevator & rooftop access. The building shares a common area with Dudley's restaurant and 2 assigned parking spaces are behind the building. All plumbing, electric and HVAC have been upgraded in the last 10 years with a new roof in 2018. Owner has started a new venture and is ready to focus on it full time

Tax & Legal

Zoning Description: B2-B
Directions: Located on the corner of West Short and Market Street

Association/Community

Accessibility Features YN: Yes

Parking Features

On Site: Yes
Paved: Yes

Possession

Negotiable: Yes

Sewer

Public Sewer: Yes

Building Features

Elevator(s): Yes

Business Type

Professional/Office: Yes
Restaurant: Yes
Other: Yes

Lease Includes

Building(s): Yes
Business: Yes
Equipment: Yes
Fixtures: Yes
Land: Yes
Leases: Yes

Property Features

Utilities: Electricity Connected; Natural Gas Available; Sewer Connected; Water Connected; Electricity Connected; Natural Gas Available; Sewer Connected; Water Connected Building Features: Elevator(s) Business Type: Professional/Office; Restaurant; Other Lease Includes: Building(s); Business; Equipment; Fixtures; Land; Leases Parking Features: On Site; Paved Possession: Negotiable Sewer: Public Sewer

Listing Office: Bluegrass Sotheby's International Realty

Last Updated: September - 03 - 2025

Information deemed reliable but not guaranteed.