341 LimestoneLexington, KY 40508

For Sale
$1,500,000

Prime UK location, high-traffic area.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a 2,723 square foot, single-tenant restaurant building situated on a prominent corner lot at 341 S Limestone in Lexington, Kentucky. The property, built in 1965 and extensively renovated in 2023, boasts superior construction and a desirable B-1, Neighborhood Business zoning. Currently 100% occupied by Okome Asian Grill under a new long-term lease, this asset benefits from its strategic location within the heart of the University of Kentucky campus. The property enjoys exceptional visibility and high traffic volume, situated adjacent to major national and local retailers including Chipotle, McDonald's, Target, Local Taco, Tin Roof, Raising Canes, and the newly constructed Hub on Campus Lexington. This luxury apartment complex features 154 units, 492 beds, and a 19,981 square foot small-format Target store – the first of its kind in Kentucky. The property's proximity to the UK Student Center, including a Barnes & Noble College bookstore, and UK Healthcare Good Samaritan Hospital further enhances its appeal. With approximately 10,563 vehicles passing daily on South Limestone near the site, this is a rare opportunity to acquire a thriving retail property in a high-demand, high-growth area. The asking price is $1,500,000. The 0.11-acre lot is zoned for neighborhood business use. This one-story brick building represents a strong investment with significant potential for long-term returns.

Highlights

  • Rare investment opportunity near the University of Kentucky.
  • 2,723 SF single-tenant retail building on a hard corner at Pine Street and South Limestone.
  • New long-term lease with Okome Asian Grill.
  • One-story brick building with high-quality construction.
  • Prime University of Kentucky campus location.
  • Excellent co-tenancy including Chipotle, McDonald's, Target, and other popular restaurants.

Property Details for 341 Limestone

Property type
Other retail properties, Restaurants
Square Feet
2,723 SF
Year Built/Renovated
1965/2023
Buildings
1
Stories
1
Lot Size (sq. ft)
4,792 SF
Units
1

Location Insight

City
Lexington
County
Fayette
State
Kentucky
Latitude
38.0428069
Longitude
-84.5026948
341 Limestone, Lexington, Kentucky

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341 Limestone
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