Richmond Heavy Industrial Property For Sale

Industrial for Sale
Catylist Listing ID: 30749567
Property Subtypes: Free-Standing, Industrial-Business Park, Manufacturing, Net Leased, Warehouse/Distribution
Building Size (RSF): 18,000 SF
Gross Building Area: See Agent
Sale Price: $900,000
Unit Price: $50 PSF
Docks/Doors: 2 Docks, 2 Doors
Office SF: 6,000 SF
Drive In Bays: 2 Bays
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/11/2021

Overview / Comments

We are pleased to present this opportunity to purchase a 18,000 sf industrial property in Richmond, KY. Former tenancy was a recycling program and will be vacated by end of August 2021. The property is 6,000 sf office, 6,000 sf higher end warehouse / amenities, 6,000 sf storage area, with a dock and several drive in doors. The property is ideally suited for a single user that needs office, lab space, small manufacturing or distribution type needs. You will find large corporate style offices, cube office suites, large kitchen and a commercial kitchen in the higher end steel middle warehouse. Additional amenities include concrete slab flooring throughout, 28 parking spaces, 8'x10' dock, 8'x 10' drive-in and another drive in at 12' x 14'. Mezzanine shop offices, or storage also available, 16' sidewall, 24' to the peak in the wood framed warehouse with the dock. This property is also available for lease.

HIGHLIGHTS:
Owner occupant or Investor property
18,000 SF
Zoned I-2
2.6 acre site
Also available for lease

Additional Details

Nearest MSA: Richmond-Berea
County: Madison
Tax ID/APN: 0069-0000-0026-CG
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.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,633 27,917 43,810
Median Age: 28.94 31.21 33.3
Households: 2,610 10,692 17,217
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