Richmond 43,000 SF Industrial For Sale or For Lease
Industrial
for Sale
| Catylist Listing ID: |
30874682 |
| Property Subtypes: |
Warehouse/Distribution
|
| Building Size (RSF): |
43,000 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
3 Acres
|
| Sale Price: |
$4,200,000 |
| Unit Price: |
$97.67 PSF |
| Docks/Doors: |
1 Dock |
| Drive In Bays: |
1 Bay |
| Property Use Type: |
Net Leased Investment (NNN) |
| Sale Terms: |
Undisclosed |
| Cap Rate: |
Undisclosed |
| Last Updated: |
8/14/2024 |
Overview / Comments
We are pleased to present this rare 43,000 SF industrial property in Richmond, featuring excess yard space. The property is currently undergoing a complete renovation from its previous use. Original structural steel is being upgraded with a new metal roof, gutters, walls, a large drive-in door, a dock, and includes an adjacent excess acre yard and a small covered parking lot. The combined properties at 509, 601 N 3rd St, and 235 Broadway Avenue total 3.044 acres, including the building. Expected completion is September 2024.
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Additional Details
| Nearest MSA: |
Richmond-Berea |
| County: |
Madison |
| Tax ID/APN: |
R007-0022-0001 |
| Zoning: |
I-1, B |
| Area Description: |
Richmond is centrally located and is south of Lexington on the I-75 corridor. Richmond is one of the fastest growing areas in Kentucky. Several identifiable factors contribute to this growth, such as easy interstate access, proximity to Lexington, lower cost of housing, good employment base, regional university, and cultural and educational opportunities. Richmond tied for the 30th in the Top Micropolitans in the nation for new and expanded industry activity in 2010. The City of Richmond is currently the 7th most populous in Kentucky, up from 11th largest in the 2000 census and is the home of Eastern Kentucky University with approximately 17,000 students. Historic downtown Richmond is one of the finest 19th century commercial districts in the Southeast and is a unique blend of small town warmth and friendliness while still having access to the advantages of a big city. |
| Tenancy: |
Single Tenant |
| Total Number of Buildings: |
1 |
| Number of Stories: |
1 |
| Year Renovated: |
2024 |
| Construction/Siding: |
Other |
| Exterior Description: |
Exterior excess yard |
| Parking Description: |
Small covered parking lot |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
9,721 |
33,531 |
41,618 |
| Median Age: |
33.87 |
30.93 |
32.99 |
| Households: |
3,698 |
13,308 |
16,322 |
|
© Copyright 2024 Moody's. All Rights Reserved.
The information presented herein is provided as is, without warranty of any kind.
Neither Kentucky Commercial Real Estate Alliance nor
Moody's assume any liability for errors or omissions.
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