500 E 7th Street, Lexington, KY 40505

$800,000
Property Type: Commercial Sale Lot Size (sq. ft.): 3,600 Status: Closed
Current Price: $800,000 List Date: 6/05/2023 Last Modified: 9/03/2025

Overview

Description

For sale is a highly successful and long-established liquor store located in the vibrant downtown area of Lexington, KY. This exceptional opportunity offers potential buyers a chance to acquire a profitable business with a solid customer base and a track record of success spanning over two decades. The store is ideally situated in a high-traffic location, surrounded by bustling residential and commercial developments, ensuring a constant flow of customers. Don't miss out on this chance to own a thriving liquor store in a prime downtown location.

Listing Details MLS# 23010319

Listing Information

Comp Sale YN
No
Property Sub Type
Business

Status Change Information

Status Change Timestamp
2025-06-06
Purchase Contract Date
2025-04-03
Close Date
2025-05-30
Close Price
800000
Buyer Financing
Conventional
Sale Type
Arms Length Sale

Address

County
Fayette
Street Number
500
Street Direction Prefix
E
Street Name
7th
Street Suffix
Street
State
KY
Zip Code
40505
Parcel Number
111222111

Contract

Original List Price
950000
Start Showing Date
2023-06-05
Listing Contract Date
2023-06-05
Listing Agreement
Exclusive Right To Sell
Occupant Type
Occupied
Office Exclusive YN
No
SP/LP
0.84

Tax Legal

MLS Area Major
001 - Fayette County NW
Subdivision Name
Downtown

Building

Year Built
1964

More Information

Lot

Lot Size Acres
0.083
Lot Size Square Feet
3600

Remarks

Public Remarks
For sale is a highly successful and long-established liquor store located in the vibrant downtown area of Lexington, KY. This exceptional opportunity offers potential buyers a chance to acquire a profitable business with a solid customer base and a track record of success spanning over two decades. The store is ideally situated in a high-traffic location, surrounded by bustling residential and commercial developments, ensuring a constant flow of customers. Don't miss out on this chance to own a thriving liquor store in a prime downtown location.

Showing Information

Showing Instructions
Call agent

Tax & Legal

Tax Rate
1.277
Zoning Description
commercial
Directions
7th street east

Possession

Close Of Escrow
Yes
Negotiable
Yes

Special Listing Conditions

Standard
Yes

Business Type

Commercial
Yes
Retail
Yes

Property Features

Business Type: Commercial; Retail Possession: Close Of Escrow; Negotiable Special Listing Conditions: Standard
Listing Office: RE/MAX Creative Realty
Last Updated: September - 03 - 2025
Information deemed reliable but not guaranteed.
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