Downtown Corner Lot with Parking

591 W Short St Lexington, KY 40507

591 W Short St, Lexington, KY, 40507
591 W Short St, Lexington, KY, 40507
FOR SALE FOR LEASE
Property Type:
Street Retail
Amount:
$385,000
Last Verified:
Dec 29, 2020

Highlights


Description

SVN Stone Commercial Real Estate is pleased to offer retail / office space for sale and lease with 10 parking spaces. The property is located at the corner of Jefferson Street and Short Street, only one block from Rupp Arena at Central Bank Center. The B-1 zoning provides for a variety of retail and professional office uses. An owner or tenant can collect additional revenue by offering parking for events at Rupp Arena and the Central Bank Center, which is undergoing expansion.

Contact Wade Haga, wade.haga@svn.com / 859.285.2202 or Weston Lockhart, weston.lockhart@svn.com / 859.317.3538 for more details or to schedule a tour!

SVN Stone Commercial Real Estate is pleased to offer retail / office space for lease with 10 parking spaces available. The property is located along the Jefferson Street retail corridor and one block from Rupp Arena at Central Bank Center. The B-1 zoning provides for a variety of retail and professional office uses. A tenant can collect additional income by offering parking for events to be held at the Central Bank Center, which is undergoing an expansion that is being completed ahead of schedule.

Contact Wade Haga, wade.haga@svn.com / 859.285.2202 or Weston Lockhart, weston.lockhart@svn.com / 859.317.3538 for more details or to schedule a tour!

Lexington, Kentucky has been rated as one of America's premier cities by some of the most noted and revered industry standard-bearers, such as Forbes magazine, the U.S. Census Bureau, Cognetics consulting group, Dun & Bradstreet, Ladies Home Journal, and Places Rated Almanac - just to name a few. Most people think of rolling countryside with stone fences, great basketball action, horse farms, Thoroughbred racing at Keeneland, a diverse economy, and outstanding schools, colleges and universities. Our community ranks high in quality of life factors, such as health care, public safety, educational attainment, and quality family living. The area also measures high among the best places for business location, creativity, entrepreneurial growth, and career relocation. Residents of competing cities view Lexington as a beautiful place, with great schools, an innovative health care system, a strong economy, and mountains of potential.


Year Built: 1928
Building Size: 940sq ft
Lot Size: 0.1 acres

Units for Lease

591 W Short St
Space Available: 940 SF
Lease Type: NNN

Price Per Sqft/Year: $35.11

Map of 591 W Short St, Lexington, KY, 40507

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.