508 Maryland, Lexington, KY 40508 (MLS# 1503984)

508 Maryland, Lexington, KY 40508

$1,300,000

Property Type: Commercial Sale Square Footage: 19,443 Lot Size (sq. ft.): 42,689 Status: Closed

Current Price: $1,300,000 List Date: 3/04/2015 Last Modified: 9/03/2025

Overview

Description

This commercial property in the Jefferson Street corridor offers unlimited opportunities! This former YMCA has nearly 20,000 square feet to work with and more parking than any other business location in the downtown corridor. This building has the potential of being the focal point of the bustling Jefferson corridor. Your options are endless. Invest in this great opportunity today! Owner/Agent.

Listing Details MLS# 1503984

Listing Information

Property Sub Type: Mixed Use

Status Change Information

Price Change Timestamp: 2016-03-15T04:00:00Z
Status Change Timestamp: 2016-03-15
Purchase Contract Date: 2016-03-11
Close Date: 2016-03-11
Close Price: 1300000
Buyer Financing: Other
Sale Type: Arms Length Sale
Concessions Comments: No

Address

County: Fayette
Street Number: 508
Street Name: Maryland
State: KY
Zip Code: 40508
Parcel Number: 19306630

Contract

Original List Price: 1690000
Start Showing Date: 2015-03-04
Listing Contract Date: 2015-03-04
Listing Agreement: Exclusive Right To Sell
Occupant Type: Vacant
Office Exclusive YN: No
List Price/SqFt: 86.92
Sold Price/SqFt: 66.86
SP/LP: 0.77

Tax Legal

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

Interior

Building Area Total: 19443

More Information

Parking Information

Parking Total: 56

Building

Basement YN: Yes
Year Built: 1965
Stories Total: 2

Lot

Lot Size Acres: 0.98
Lot Size Square Feet: 42688.84

Utilities

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

Remarks

Public Remarks: This commercial property in the Jefferson Street corridor offers unlimited opportunities! This former YMCA has nearly 20,000 square feet to work with and more parking than any other business location in the downtown corridor. This building has the potential of being the focal point of the bustling Jefferson corridor. Your options are endless. Invest in this great opportunity today! Owner/Agent.

Showing Information

Showing Instructions: No lockbox. LA must accompany.

Tax & Legal

Tax Rate: 1.1191
Zoning Description: R-4 with Conditional Use
Directions: Outbound West Main, right on Jefferson. Past Nick Ryan's, Grey Goose, Blue Heron, Enoteca and W+M Market. Across the Street from the New Apiary Restaurant. Corner of Jefferson and Maryland.

Construction Materials

Concrete: Yes

Parking Features

Off Site: Yes
On Site: Yes
Paved: Yes

Roof

Flat: Yes

Special Listing Conditions

Standard: Yes

Water Heater

Water Heater: Yes

Building Features

Partially Carpeted: Yes
Vinyl Flooring: Yes
Wood Flooring: Yes

Business Type

Mixed: Yes
Recreation: Yes
Other: Yes

Ceiling

Dropped: Yes

Sale Includes

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

Documents

Survey: Yes

Property Features

Utilities: Electricity Available; Natural Gas Available; Phone Available; Water Available; Electricity Available; Natural Gas Available; Phone Available; Water Available Building Features: Partially Carpeted; Vinyl Flooring; Wood Flooring Business Type: Mixed; Recreation; Other Ceiling: Dropped Construction Materials: Concrete Parking Features: Off Site; On Site; Paved Roof: Flat Sale Includes: Building(s); Equipment; Fixtures; Land Special Listing Conditions: Standard Water Heater: Water Heater Documents: Survey

Listing Office: Keller Williams Bluegrass Realty

Last Updated: September - 03 - 2025

Information deemed reliable but not guaranteed.