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503 S Upper St 3,816 SF Retail Building Lexington, KY 40508 $325,000 ($85.17/SF)
EXECUTIVE SUMMARY
Great location in front of Target and University of Kentucky campus and main dorms.
Pollo Azul has been operating since mid 2025 as a Rotisserie Chicken and Latin flavor casual restaurant.
We own three restaurants in downtown Lexington and we are trying to downsize.
Restaurant is fully equiped and can be change to any other concept.
Renovations done in 2025
Full liquor license in place.
All licenses to operate.
Great long term lease from landlord.
Pollo Azul has been operating since mid 2025 as a Rotisserie Chicken and Latin flavor casual restaurant.
We own three restaurants in downtown Lexington and we are trying to downsize.
Restaurant is fully equiped and can be change to any other concept.
Renovations done in 2025
Full liquor license in place.
All licenses to operate.
Great long term lease from landlord.
TAXES & OPERATING EXPENSES (ACTUAL - 2026) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
TAXES & OPERATING EXPENSES (ACTUAL - 2026) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,816 SF
Building Class
C
Year Built
1968
Price
$325,000
Price Per SF
$85.17
Business Value
$500,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.32
Lot Size
0.27 AC
Opportunity Zone
Yes
Zoning
B-1 - Great area for restaurant or bar
Parking
18 Spaces (4.72 Spaces per 1,000 SF Leased)
Frontage
125’ on Upper St
Walk Score®
Walker's Paradise (94)
Transit Score®
Excellent Transit (80)
Bike Score®
Very Bikeable (85)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 11806500 | Improvements Assessment | $0 (2025) |
| Land Assessment | $0 (2025) | Total Assessment | $910,000 (2025) |
PROPERTY TAXES
Parcel Number
11806500
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$910,000 (2025)
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Frank & Dino's
503 S Upper St
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