131 Cheapside, Lexington

$1,890,000

0 Beds
0 Baths
5,320 Sqft
.08 Acres
0 Garages

This is an opportunity to own a Lexington landmark, noted bar and restaurant and two exquisitely designed and decorated Airbnb units with extraordinary revenue potential, located in the epicenter of the Central Business District. Zoned B2B adjacent to Fifth Third Pavilion at Cheapside, also the home of Lexington's Farmer's market. 131 Cheapside was built in 1895 by W. J. Loughridge, an established hemp and tobacco broker. The architect was Henry Hobson Richardson, a major influencer in architecture for years, whose style would become known as Richardson Romanesque. His style migrated from the east coast across the country, Richardson became famous for his fascination with unusual and sculpted shapes, and individuality. Only two Richardsonian Romanesque style buildings are represented in the downtown district, the Fayette County Courthouse and this adjacent property 131 Cheapside. For 38 years this property was home to Cheapside Bar and Grill. Currently leased as The Horse and Jockey Pub and Kitchen which comprises the ground floor and approximately 2480 sq ft patio plus basement. The second & third floors are two stunning apartments currently used as an AirBnB destinations.All systems have been updated. The most recent renovation of the Airbnb units was over the last three years which includes a sprinkler system. Each Airbnb unit is 1325 sq ft.
All sq ft numbers noted here are approximate and is derived from the PVA measurements of outside dimensions.

Essential Information
MLS® #22018700
Price$1,890,000
Square Footage5,320
Acres0.08
Year Built1895
TypeComm/Prof/Ind
Sub-TypeMixed, Restaurant
StatusContingent
Community Information
Address131 Cheapside
AreaFayette County NE
SubdivisionDowntown
CityLexington
CountyFayette
StateKY
Zip Code40507
Interior
StoriesBasement, Three
Exterior
ConstructionBrick, Block
Additional Information
Date ListedAugust 21st, 2022
Zoning

B-2B - DOWNTOWN CENTER BUSINESS

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Listing Provided Courtesy of: Lifstyl Real Estate

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