400 Chestnut St, Lexington, KY 40508

Property Description

Retail | 1,078 SqFt Marketing description Commercial Property for Sale 400 Chestnut Street | Lexington, KY 40508 Offered at $218,000 Prime corner commercial opportunity located at a four-way stop with an existing bus stop, offering excellent visibility and strong daily foot and vehicle traffic. This highly exposed corner parcel has been completely remodeled in 2024 and is truly turn-key. The building has undergone a full top-to-bottom renovation, including: New roof New HVAC system All new framing and metal studs New plumbing and electrical throughout New drywall, interior paint, and exterior paint New acoustical ceiling system New interior and exterior lighting New storefront system New exterior and interior doors New windows The property features one ADA-compliant restroom, 200-amp electrical service, and contains 1,078 square feet per PVA. The flexible interior layout supports a wide range of retail, office, service, or food-based uses and offers ample capacity for additional electrical needs. The property has been rezoned from R-3 to B-1 (Neighborhood Business), allowing for a broad range of commercial uses. Additional Value & Expansion Potential Adjacent lot at 402 Chestnut Street available for separate purchase at $20,000 Ideal for outdoor patio seating, additional cooking or food prep space, or storage Potential expansion of approximately 10 feet off the left side of the street-facing building, providing future growth flexibility (subject to approvals) Ideal Uses Include: Restaurant or cafe Convenience store Barbershop or hair salon Office or professional services Retail storefront Property Highlights High-visibility corner location Four-way stop with bus stop frontage Strong walkability and consistent foot traffic On-street parking available Updated exterior lighting for curb appeal and security This is a rare opportunity to acquire a fully renovated, code-compliant commercial building with favorable B-1 zoning, adjacent land upside, and future expansion potential in a growing Lexington corridor. Offered at $218,000 Offered by Bluegrass Commercial Real Estate