250 E Short Street, Lexington, KY 40507

$1,895,000
Property Type: Commercial Sale Square Footage: 8,102 Lot Size (sq. ft.): 5,227 Status: Active
Current Price: $1,895,000 List Date: 7/01/2026 Last Modified: 7/01/2026

Overview

Description

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 ...

Listing Details MLS# 26015715

Listing Information

Comp Sale YN
No
Property Sub Type
Office

Status Change Information

Status Change Timestamp
2026-07-01

Address

County
Fayette
Street Number
250
Street Direction Prefix
E
Street Name
Short
Street Suffix
Street
State
KY
Zip Code
40507
Parcel Number
10200000

Contract

Original List Price
1895000
Start Showing Date
2026-07-01
Listing Contract Date
2026-07-01
Listing Agreement
Exclusive Right To Sell
Occupant Type
Vacant
Office Exclusive YN
No
List Price/SqFt
233.89

Tax Legal

MLS Area Major
001 - Fayette County NW
Subdivision Name
Commercial

Interior

Living Area
8102
Living Area Units
Square Feet
Building Area Total
8102
Building Area Source
Public Records
Building Area Units
Square Feet

More Information

Parking Information

Parking Total
9

Building

Year Built
1948
Stories Total
3
Accessibility Features YN
No

Lot

Lot Size Acres
0.12
Lot Size Square Feet
5227

Remarks

Public Remarks
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

Building and Property Details

Usable SqFt
8102

Income and Expenses

Net Operating Income
126965

Showing Information

Showing Instructions
Please contact agent for showing requests.

Tax & Legal

Tax Rate
1.2846
Zoning
Other
Zoning Description
B-2A
Directions
S. Limestone inbound to a right on E. Short Street. Property will be on your right.

Association/Community

Number Of Buildings
1

Parking Features

On Site
Yes
Paved
Yes

Possession

Close Of Escrow
Yes

Business Type

Professional/Office
Yes
Retail
Yes

Existing Lease Type

Gross
Yes

Sale Includes

Building(s)
Yes
Fixtures
Yes
Leases
Yes

Showing Requirements

Call Listing Agent
Yes

Property Features

Business Type: Professional/Office; Retail Existing Lease Type: Gross Parking Features: On Site; Paved Possession: Close Of Escrow Sale Includes: Building(s); Fixtures; Leases Showing Requirements: Call Listing Agent
Listing Office: Block + Lot Homes
Last Updated: July - 01 - 2026
Information deemed reliable but not guaranteed.