Downtown Multi-Family / Mixed Use Building FOR SALE

432 S. Broadway, Lexington, KY

$910,000

Price

5,680 sqft

Building Size

0.171 acres

Lot Area

Gallery
Street
Map
Overview
Building Size
5,680 sqft
Lot Area
0.171 acres
Occupancy
100%
Class
B
Year Built
1887
Floors
3
Description

SVN Stone Commercial Real Estate is pleased to present the sale of this fully leased historic mixed use building with high end loft in Downtown Lexington. The first floor is utilized as an office space and is a decadent display of the historical elements of the property encapsulating many features of the original 1900 era design with towering ceilings, grand entry staircase, original broad length hardwoods, and custom moldings.

The second floor features the first of two high end lofts in the space. This loft was designed with an urban appeal and features 2 beds and 1 bath, exposed brick, bright hardwoods, and a outdoor garden and patio space. Lastly, the third floor has been converted into an exposed modern/rustic loft with 2 bedrooms and 2 baths featuring exposed raw sawn lumber ceilings, modern stainless steel appliances, and exposed two sided spiral ductwork throughout.

The historic property has updated windows, on site parking, is fully sprinkled, maintains full security, and has a newly installed 18,000 dollar geothermal HVAC system keeping all associated utilities low.

With the 241 Million dollar expansion and renovation of the Downtown Convention Center (Rupp Arena), the scheduled construction of the Town Branch Commons, and close proximity to the University of Kentucky the property this would be a great Air BnB space or owner occupied investment.

432 S. Broadway is conveniently located in the bustling south side of downtown Lexington. The property is situated at the corner of South Broadway and Pine Street less than three blocks from Rupp Arena, Triangle Park, and the highly anticipated Town Branch Commons (10 acre green space with 22 mile trail connecting city). The property is also within walking distance of the Lexington Convention Center which is currently underway on a 241 million dollar renovation . Lastly, the location of the property provides ease of access to the the University of Kentucky which is approximately three blocks west.

Highlights
  • Fully Leased Downtown Office and Loft Space
  • Value Add through increasing rents/Air BnB
  • Zoned P-1 (Professional Office)
  • Three Blocks South of Downtown
  • Three Blocks West of the University of Kentucky
  • Onsite Parking
  • 2 Bedroom 1 Bath Loft Space
  • 2 Bedroom 2 Bath Loft Space
  • Great Opportunity for Owner Occupant or Investor
Documents
Location
Gallery