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175 E MAIN ST Lexington KY 40507

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Details
Property Type Office, Retail
Building SqFt 41,682
Year Built 1949
Days on Market ******
Latitude 38.0454
Longitude -84.4954

Property History

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Property Type
Property Type
Retail, Office
Marketing Description
The Meyers Building located at 175 E. Main Street in Lexington, KY is an architecturally award winning Downtown Office Building with a total of 41,682 rentable square feet on six floors. Originally developed in 1949, the building is constructed with a combination of steel, concrete, and glass. The property sits on 0.29 acres zoned B2B (Downtown Center Business) at the signalized corner of Main Street and Martin Luther King Blvd. providing great views of downtown and highly visible signage opportunities for anchor tenants. There is an underground professionally managed parking garage (42 spaces) with direct access to the lobby via elevators and an additional 10 deeded spaces at the Justice Center providing tenants with a 1.25/1,000 RSF parking ratio. Additional amenities include a stylish modern lobby, 6th floor private balcony, and a patio area on the east end of the building providing a mini park like setting for lunches, bike parking, etc. The acquisition of The Meyers Building offers a tremendous amount of upside to and owner occupant or an investor through an already strong existing tenant base, below replacement cost basis, and the opportunity to strategically increase below market rents.


Located in the heart of Lexington’s Central Business District, The Meyers Building in an Opportunity Zone located at the signalized corner of East Main Street and Martin Luther King Blvd. The property is adjacent to the Circuit, District and Federal Courthouses, across the street from the Lexington Fayette Urban County Government (LFUCG) and encompassed by multiple financial institutions, restaurants, retail, hotels, entertainment, etc.


Investment Highlights
  • Below Replacement Cost
  • Value Add Opportunity + Opportunity Zone
  • Proximal Hospitality, Retail, & Dining Amenities
  • On Site Parking
  • Signage / Corporate Identity
  • 23,196 SF of Contiguous SF Available for Lease

Loan History

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Financial History

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Tax History

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Contact Information

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Ownership Information

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Property Details

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There are no additional details for this property

Contacts

Listing removed on
 BY:
CA
Clay Angelucci
•••.•••.0099
Clay@•••••••••••••.com
Brokerage logo
Listing removed on
 BY:
PB
Peter Barr PRO
•••.•••.7924
•eter@•••••••••••••.com
Brokerage logo

Map

Comparable Properties

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Rental Market Overview

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This rental data is based on the nearest market to this property: Nicholasville, KY.
Nicholasville, KY median rent ********
***  ****** **** *** ******** ***
National median ********
Compare median rents across markets
Nicholasville, KY (nearest market)
Studio ******** 1 bed ******** 2 bed ********
Studio ******** 1 bed ******** 2 bed ********
Studio ******** 1 bed ******** 2 bed ********
Data provided byDwellsy IQ
*All information is deemed reliable but not guaranteed.
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