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High End Mixed Use Property in Chevy Chase 451 S Ashland Ave 2,622 SF Retail Building Lexington, KY 40502 $975,000 ($371.85/SF)
INVESTMENT HIGHLIGHTS
- 1,355 SF is storefront / showroom / office; 354 SF is a fully climate-controlled garage / storage; totaling 1,709 SF on street level
- Floor to ceiling windows provide plenty of natural light overlooking Lexington’s historic Chevy Chase
- Building provides highly visible signage opportunities
- Space includes private office, walk-out porch, restroom and garage
- 913 SF upstairs is rentable 3-bedroom apartment with modern finishes and new appliances. Perfect for young professionals, Airbnb, or VRBO
- Prime location centered around high-end restaurants and local boutique shopping
EXECUTIVE SUMMARY
SVN Stone Commercial Real Estate is pleased to present a one-of-a-kind 2,622 SF mixed use property in the heart of Lexington’s historic Chevy Chase business district.
This turnkey opportunity provides your business/office a visible corner lot with high-end modern finishes. Behind the massive windows overlooking the neighborhoods and business district, you’ll find a private office, restroom, temperature-controlled garage, and a sunlit showroom and retail space that walks out onto a porch. The street level space has a private parking lot and is accessed by front and side door.
Upstairs you’ll find a 913 SF residence or investment unit perfect for living, renting, or Airbnb. Spacious rooms and great view, with new appliances. Owner-occupant can live above their business or rent to create an income stream above their business. Based on zoning, whole property can be used as business/retail if need be.
Please contact Justin Ryder at 859-447-3285 or Justin.Ryder@SVN.com to set up a private tour.
This turnkey opportunity provides your business/office a visible corner lot with high-end modern finishes. Behind the massive windows overlooking the neighborhoods and business district, you’ll find a private office, restroom, temperature-controlled garage, and a sunlit showroom and retail space that walks out onto a porch. The street level space has a private parking lot and is accessed by front and side door.
Upstairs you’ll find a 913 SF residence or investment unit perfect for living, renting, or Airbnb. Spacious rooms and great view, with new appliances. Owner-occupant can live above their business or rent to create an income stream above their business. Based on zoning, whole property can be used as business/retail if need be.
Please contact Justin Ryder at 859-447-3285 or Justin.Ryder@SVN.com to set up a private tour.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,622 SF
Building Class
C
Year Built
2018
Price
$975,000
Price Per SF
$371.85
Tenancy
Single
Building Height
2 Stories
Building FAR
0.38
Lot Size
0.16 AC
Zoning
B-1 - Commercial Business
Parking
3 Spaces (1.64 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Corner Lot
- Signage
- Air Conditioning
Walk Score®
Walker's Paradise (91)
Bike Score®
Very Bikeable (89)
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 15907690 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $702,000 |
PROPERTY TAXES
Parcel Number
15907690
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$702,000
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High End Mixed Use Property in Chevy Chase | 451 S Ashland Ave
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