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175 E Main St
Lexington, KY 40507
The Meyers Building · Office Property For Sale

INVESTMENT HIGHLIGHTS

  • Below Replacement Cost Value Add Opportunity + Opportunity Zone
  • Proximal Hospitality, Retail, & Dining Amenities
  • Excellent Redevelopment Opportunity
  • Below Replacement Cost
  • On Site Parking / Signage / Corporate Identity
  • 32,290 SF of Contiguous SF Available for Lease

PROPERTY FACTS

Property Type
Office
Building Size
41,682 SF
Building Class
B
Year Built/Renovated
1949/1986
Percent Leased
71%
Tenancy
Multiple
Building Height
6 Stories
Typical Floor Size
6,947 SF
Slab To Slab
11’
Building FAR
3.30
Lot Size
0.29 AC
Zoning
B-2B - Downtown Center Business
Parking
52 Spaces (1.25 Spaces per 1,000 SF Leased)

AMENITIES

  • Air Conditioning

ABOUT 175 E MAIN ST , LEXINGTON, KY 40507

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 an 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.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
14103400
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$3,609,200
  • Listing ID: 16276315

  • Date on Market: 6/7/2019

  • Last Updated:

  • Address: 175 E Main St, Lexington, KY 40507

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