503 East Third Street, Lexington, KY 40508

Value-add investors and owner-users: this is your entry point into one of Lexington's fastest-moving corridors at a basis that's hard to replicate. 503 East Third Street is a fully gutted, permit-ready commercial shell with a building permit already submitted for 8,260 SF of three-front retail — priced at $1,100,000 As-Is.

The building anchors the signalized corner of East Third & Midland Avenue, the recognized Eastern Gateway to Downtown Lexington and the Historic East End. This intersection has seen over $30M in nearby investment in recent years: The Met Lex (75,000 SF mixed-use), DV8 Kitchen, the Lyric Theatre, the Isaac Murphy Memorial Art Garden, and the Artist Village all within walking distance. The corridor is a proven draw for residents, diners, creatives, and foot traffic — and this building is its most flexible remaining opportunity.

B-1 Neighborhood Business zoning permits retail, restaurant, medical, office, and personal service uses by right. Three proposed suites (1,730 SF / 3,628 SF / 2,895 SF) can be delivered to individual tenants, combined for a single user, or reconfigured entirely. Shell condition means the buyer controls every dollar of buildout and every line of the lease. Offered As-Is — bring your vision.