864 S Broadway, Lexington, KY 40504 (MLS# 20106832)

864 S Broadway, Lexington, KY 40504

$850,000

Property Type: Commercial Sale Square Footage: 5,537 Lot Size (sq. ft.): 14,810 Status: Closed

Current Price: $850,000 List Date: 10/15/2021 Last Modified: 9/03/2025

Overview

Description

The Opportunity Has Arrived For A Great Investment. Prime location along the South Broadway corridor with an extra vacant lot for parking, plus a 5500+- SF two story building with attic & basement, for development, near UK campus for housing, medical offices, restaurants, retail, and commercial options. Many updates of flooring, paint, plumbing, roof, HVAC, security system, hot water heater and much more. This has been used in the past with 10 large bedrooms, 5 bathrooms, kitchen, dining areas, plus many office and storage areas. Ample parking lot available makes this an attractive investment. Possibilities are endless. Across from the former Old Coach House, Tear down or renovate, Sold As Is. Zoned R-3/Land Use 499-C Call today for your showing.

Listing Details MLS# 20106832

Listing Information

Comp Sale YN: No
Property Sub Type: Business

Status Change Information

Status Change Timestamp: 2022-03-02
Purchase Contract Date: 2022-01-17
Close Date: 2022-03-02
Close Price: 850000
Buyer Financing: Conventional
Sale Type: Arms Length Sale

Address

County: Fayette
Street Number: 864
Street Direction Prefix: S
Street Name: Broadway
Street Suffix Modifier: 866
State: KY
Zip Code: 40504
Parcel Number: 11882068

Contract

Original List Price: 1450000
Start Showing Date: 2021-04-16
Listing Contract Date: 2021-04-16
Listing Agreement: Exclusive Right To Sell
Occupant Type: Vacant
Office Exclusive YN: No
SP/LP: 0.59

Tax Legal

MLS Area Major: 004 - Fayette County SW
Subdivision Name: Downtown

Interior

Living Area: 5537

More Information

Parking Information

Parking Total: 35

Building

Basement YN: Yes
Year Built: 1962
Stories Total: 2

Lot

Lot Size Acres: 0.34
Lot Size Square Feet: 14810.41

Utilities

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

Remarks

Public Remarks: The Opportunity Has Arrived For A Great Investment. Prime location along the South Broadway corridor with an extra vacant lot for parking, plus a 5500+- SF two story building with attic & basement, for development, near UK campus for housing, medical offices, restaurants, retail, and commercial options. Many updates of flooring, paint, plumbing, roof, HVAC, security system, hot water heater and much more. This has been used in the past with 10 large bedrooms, 5 bathrooms, kitchen, dining areas, plus many office and storage areas. Ample parking lot available makes this an attractive investment. Possibilities are endless. Across from the former Old Coach House, Tear down or renovate, Sold As Is. Zoned R-3/Land Use 499-C Call today for your showing.

Tax & Legal

Tax Rate: 1.2774
Zoning Description: R3/499C
Directions: South Broadway InBound. Property on right, turn by Starbucks on Broadway Park - Property on other corner. Pull into Pondexter Aly behind the building.

Association/Community

Number Of Buildings: 2

Construction Materials

Stone: Yes
Wood Siding: Yes
Other: Yes

Parking Features

On Site: Yes
Paved: Yes

Possession

Close Of Escrow: Yes

Roof

Composition: Yes

Sewer

Public Sewer: Yes

Water Heater

Water Heater: Yes

Building Features

Other Flooring Type: Yes
Tile/Brick Floor: Yes

Business Type

Commercial: Yes
Mixed: Yes

Ceiling

Drywall: Yes
Other: Yes

Electric

3 Phase: Yes

Sale Includes

Building(s): Yes
Land: Yes

Property Features

Utilities: Electricity Available; Natural Gas Available; Sewer Connected; Water Available; Electricity Available; Natural Gas Available; Sewer Connected; Water Available Building Features: Other Flooring Type; Tile/Brick Floor Business Type: Commercial; Mixed Ceiling: Drywall; Other Construction Materials: Stone; Wood Siding; Other Electric: 3 Phase Parking Features: On Site; Paved Possession: Close Of Escrow Roof: Composition Sale Includes: Building(s); Land Sewer: Public Sewer Water Heater: Water Heater

Listing Office: United Real Estate Bluegrass

Last Updated: September - 03 - 2025

Information deemed reliable but not guaranteed.