310-312 W Short Street, Lexington, KY 40507

$1,300,000

Property Type: Commercial Sale Square Footage: 4,731 Lot Size (sq. ft.): 1,742 Status: Closed

Current Price: $1,300,000 List Date: 4/24/2024 Last Modified: 9/03/2025

Overview

Description

Highly visible, turnkey, established restaurant and bar with real estate included. Located in downtown Lexington. Building is in excellent shape. 2nd floor offers additional income opportunities.

Listing Details MLS# 24007848

Listing Information

Comp Sale YN: No

Status Change Information

Status Change Timestamp: 2024-07-09
Purchase Contract Date: 2024-05-02
Close Date: 2024-07-09
Close Price: 1300000
Buyer Financing: Conventional
Sale Type: Arms Length Sale

Address

County: Fayette
Street Number: 310-312
Street Direction Prefix: W
Street Name: Short
Street Suffix: Street
State: KY
Zip Code: 40507
Parcel Number: 16191600

Contract

Original List Price: 1350000
Start Showing Date: 2024-04-24
Listing Contract Date: 2024-04-24
Listing Agreement: Exclusive Right To Sell
Occupant Type: Occupied
Office Exclusive YN: No
SP/LP: 0.96

Tax Legal

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

Interior

Living Area: 4731

More Information

Building

Basement YN: Yes
Year Built: 1920
Stories Total: 2

Lot

Lot Size Acres: 0.04
Lot Size Square Feet: 1742

Utilities

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

Remarks

Public Remarks: Highly visible, turnkey, established restaurant and bar with real estate included. Located in downtown Lexington. Building is in excellent shape. 2nd floor offers additional income opportunities.

Building and Property Details

# of Men's Restrooms: 2

Showing Information

Showing Instructions: LA must accompany for all showings. Call Chris Mitchell 859-321-2898

Tax & Legal

Tax Rate: 1.263
Zoning Description: B2-B
Directions: North Broadway, right on Short Street.

Association/Community

Number Of Buildings: 1

Construction Materials

Brick: Yes
Glass: Yes

Listing Terms

1031 Exchange: Yes
Cash: Yes
Conventional: Yes

Parking Features

None: Yes

Possession

Close Of Escrow: Yes

Roof

Membrane: Yes

Sewer

Public Sewer: Yes

Water Heater

Water Heater: Yes

Building Features

Wood Flooring: Yes

Business Type

Restaurant: Yes

Ceiling

Open: Yes

Docks

None: Yes

Sale Includes

Building(s): Yes
Business: Yes
Equipment: Yes
Fixtures: Yes
Inventory: Yes
Licenses: Yes

Property Features

Utilities: Electricity Connected; Natural Gas Connected; Phone Available; Sewer Connected; Water Connected; Electricity Connected; Natural Gas Connected; Phone Available; Sewer Connected; Water Connected Building Features: Wood Flooring Business Type: Restaurant Ceiling: Open Construction Materials: Brick; Glass Docks: None Listing Terms: 1031 Exchange; Cash; Conventional Parking Features: None Possession: Close Of Escrow Roof: Membrane Sale Includes: Building(s); Business; Equipment; Fixtures; Inventory; Licenses Sewer: Public Sewer Water Heater: Water Heater

Listing Office: Bluegrass Sotheby's International Realty

Last Updated: September - 03 - 2025

Information deemed reliable but not guaranteed.