701 N Limestone, Lexington, KY 40508

$850,000
Property Type: Land Lot Size (sq. ft.): 94,961 Status: Closed
Current Price: $850,000 List Date: 7/11/2023 Last Modified: 9/03/2025

Overview

Description

• Rarely available 2+ acre offering, being sold as-is • Only ½ mile from Lexington's Central Business District • Located within the heart of Lexington's NoLi neighborhood • Property is surrounded by a number of restaurants, businesses, retailers, and homes • Located one block from Lexington's popular Grey Line Station, a 65,000 SF complex home to retail, offices, dining, radio, event studio, & a public market • Potential to explore zoning possibilities for mixed uses • The property has been historically used as a scrap yard, fuel station, and auto repair uses. • Multiple Addresses: 701, 707, 721, 723, & 727 N. Limestone & 115 W. 7th Street

Listing Details MLS# 22011818

Listing Information

Comp Sale YN
No
Property Sub Type
Unimproved Land

Status Change Information

Status Change Timestamp
2024-02-28
Purchase Contract Date
2024-02-22
Close Date
2024-02-28
Close Price
850000
Buyer Financing
Conventional
Sale Type
Arms Length Sale
Concessions Comments
NA

Address

County
Fayette
Street Number
701
Street Direction Prefix
N
Street Name
Limestone
State
KY
Zip Code
40508
Directions
The property is located in the NoLi neighborhood at the intersections of N. Limestone, Seventh Street, and North Upper Street in Downtown Lexington. Located only ½ mile from Lexington's Central Business District, and one block from Lexington's popular Greyline Bus Station.
Parcel Number
10255000

Contract

Original List Price
1199000
Start Showing Date
2022-06-06
Listing Contract Date
2022-06-06
Listing Agreement
Exclusive Right To Sell
Office Exclusive YN
No
List Price/Acre
550000
List Price/SqFt
12.63
Sold Price/Acre
389908.26
Sold Price/SqFt
8.95
SP/LP
0.71

Tax Legal

MLS Area Major
002 - Fayette County NE
Subdivision Name
Commercial

Lot

Lot Size Acres
2.18
Lot Size Square Feet
94961

More Information

Remarks

Public Remarks
• Rarely available 2+ acre offering, being sold as-is • Only ½ mile from Lexington's Central Business District • Located within the heart of Lexington's NoLi neighborhood • Property is surrounded by a number of restaurants, businesses, retailers, and homes • Located one block from Lexington's popular Grey Line Station, a 65,000 SF complex home to retail, offices, dining, radio, event studio, & a public market • Potential to explore zoning possibilities for mixed uses • The property has been historically used as a scrap yard, fuel station, and auto repair uses. • Multiple Addresses: 701, 707, 721, 723, & 727 N. Limestone & 115 W. 7th Street

Showing Information

Showing Instructions
Call Listing Agent to Show.

Tax & Legal

Zoning Description
B-4

Special Listing Conditions

Standard
Yes

Property Features

Special Listing Conditions: Standard
Listing Office: Block + Lot Homes
Last Updated: September - 03 - 2025
Information deemed reliable but not guaranteed.
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