Catylist ID:
#30860872
Small Industrial Properties FOR Sale - Richmond
Industrial
for Sale
| Catylist Listing ID: | 30860872 |
| Property Subtypes: | Warehouse/Distribution |
| Building Size (RSF): | 19,300 SF |
| Gross Building Area: | See Agent |
| Sale Price: | $1,550,000 |
| Unit Price: | $80.31 PSF |
| In Opportunity Zone? | Yes |
| Property Use Type: | Investment |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 4/8/2024 |
Overview / Comments
|
We are pleased to bring to market, 651 & 661 S Keeneland Drive, 2 properties totaling 19,300 SF industrial property on 2 acres in Richmond, KY. These fully occupied assets are 8,100 sf and 11,200 sf with a moving company in the 11,200 sf building with 7 years remaining in term and options, and a Crossfit gym under lease until Fall of 2025 in the 8,100 sf building. The sellers built the properties in the late 1980's and have occupied or rented the assets since. Highlights: Two Small Industrial buildings 100% occupied Short term on 8100 sf building Longer term on 11200 sf building I-2 Zoning |
Attachments & Media
Additional Details
| Nearest MSA: | Richmond-Berea |
| County: | Madison |
| Tax ID/APN: | 054B-0007-0002 |
| Zoning: | I-2 |
| 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. |
| Total Number of Buildings: | 2 |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 4,269 | 33,488 | 40,950 |
| Median Age: | 31.08 | 31.97 | 32.66 |
| Households: | 1,916 | 13,082 | 16,066 |
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