For Sale: Prime NoLi Retail Property

1200 North Limestone Lexington, KY 40505

1200 North Limestone, Lexington, KY, 40505
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FOR SALE
Property Type:
Street Retail
Amount:
$685,000
Last Verified:
Feb 19, 2026

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Highlights

  • *** Out of courtesy to ownership and staff, please avoid direct contact with the tenant. No drop-ins will be permitted a tour. Showings will be arranged by appointment only while normal business operations continue. ***
  • 3,120 SF retail/street retail property built in 1945 with 100% occupancy
  • Zoned B-1, offering a high-traffic, high-visibility location ideal for investors
  • Strong and consistent rental history, providing immediate income and stability
  • Situated in the vibrant Noli neighborhood, surrounded by locally-based restaurants, boutique shops, and service businesses
  • Excellent street exposure and accessibility, benefiting from nearby residential and commercial areas

Description

Introducing a prime investment opportunity in Downtown Lexington, KY. This 3,120 SF, 1945-built property offers 100% occupancy in a sought-after B-1 zoned area. With one unit, this retail/street retail space is a remarkable find for investors seeking a high-traffic, high-visibility location. Boasting a strong and consistent rental history, this property presents an excellent chance to capitalize on the increasing demand for retail space in this vibrant area.

Located in the Noli neighborhood, the property is surrounded by a strong, locally-based business hub featuring popular restaurants, boutique shops, and service-oriented businesses. This central location benefits from heavy foot traffic, excellent street visibility, and easy access to surrounding residential and commercial areas, making it highly desirable for both tenants and investors. Don’t miss this opportunity to acquire a valuable asset in one of Lexington’s most dynamic retail corridors.

*** Out of courtesy to ownership and staff, please avoid direct contact with the tenant. No drop-ins will be permitted a tour. Showings will be arranged by appointment only while normal business operations continue. ***

1200 N Limestone is located in the heart of Lexington’s vibrant NoLi (North Limestone) neighborhood, one of the city’s most creative and walkable districts. Just steps away is Greyline Station, a restored historic bus terminal now home to local retailers, dining, offices, and the Julietta Market, along with frequent community events. The surrounding area features independent shops, coffee spots, breweries, and nearby community gardens, creating a strong neighborhood feel with everyday conveniences close at hand.

The property also benefits from excellent public transportation access, with Lextran bus routes running along North Limestone and nearby corridors, providing easy connections to downtown, the University of Kentucky, and beyond. With its blend of historic character, local culture, and ongoing revitalization, NoLi offers a highly desirable urban setting for residents seeking connectivity, walkability, and a true sense of community.


Year Built: 1945
Building Size: 3120sq ft
Lot Size: 0.14 acres


Documents

Brochure 1200 N Limestone.pdf

Map of 1200 North Limestone, Lexington, KY, 40505

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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.