Stand Alone Office Building FOR SALE

240 E Third St Lexington, KY 40508

240 E Third St, Lexington, KY, 40508
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FOR SALE
Property Type:
Multi Tenant Office
Amount:
$399,000
Last Verified:
Aug 20, 2024

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Highlights

  • $399,000
  • 1,964 Sq. Ft.
  • Two Suites
  • Private access
  • Off Street parking

Description

SVN Stone Commercial Real Estate is pleased to bring to market this 1,964 square foot, mixed-use property in Downtown Lexington, KY. Zoned B-2, this property allows for commercial and residential use. The building features two suites with nice finishes, a private entrance, kitchen, full bath, and wood floors. The property boasts a fenced in yard space and off street parking.

Located at 240 E Third Street, the building sits only a few blocks from the City Center, making it walkable to great restaurants and nightlife. This is a great fit for a small business owner or investor looking to get a piece of Downtown Lexington.

For more information please contact Gabe Measner at gabe.measner@svn.com // 859.630.7106 or John Bunch, SIOR at john.bunch@svn.com // 859.433.8911.

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: 1880
Building Size: 1964sq ft
Building Class: C
Lot Size: 0 acres


Documents

SVN Brochure - 240 E Third Street.pdf

Map of 240 E Third St, Lexington, KY, 40508

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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.