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High End Mixed Use Property in Chevy Chase

451 S Ashland Ave, Lexington, KY 40502

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Overview

We are 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.

  • For Sale - $975,000
  • 1,355 SF is storefront / showroom / office; 354 SF is a fully climate-controlled garage / storage with utility sink and high ceilings for ample storage; totaling 1,709 SF on street level
  • Space includes private office, walk-out porch, restroom and garage
  • Floor to ceiling windows provide plenty of natural light overlooking Lexington’s historic Chevy Chase
  • 913 SF upstairs is rentable 3-bedroom apartment with modern finishes and new appliances. Perfect for young professionals, Airbnb, or VRBO
  • Zoned B-1
  • Building provides highly visible signage opportunities
  • Prime location centered around high-end restaurants and local boutique shopping
  • Located minutes from Lexington’s downtown, and only 0.5 miles from the University of Kentucky’s Campus­­

For Sale

Retail
Sale Price
$975,000
Price Per SF
$371.9/SF
Building Size
2,622 SF
Acres
0.131 ac
Zoning
B-1
Building Class
C
Number of Buildings
1
Floors
2
Year Built
2018
Construction Siding
Brick
Construction Type
Framed
Nearest MSA
Lexington-Fayette
Property Status
Existing
County
Fayette
Available
10/01/2025
Created
05/19/2020
Updated
09/30/2025
Listing ID
dc14c87a
Parcel APN
15907690