Eric Hibbs - Coldwell Banker McMahan
950 978 Commercial Dr
Richmond, KY 40475

$2,350,000

Description

Block+Lot Real Estate is pleased to present this Investment Opportunity in Richmond, KY that is 100% occupied. Southern Hills Plaza is a highly visible site and conveniently located along Richmond's Eastern Bypass and boasts significant traffic counts. The building is approximately 25,775 SF and the large site size offers ample parking for the retail tenants. The property, purchased in 2006, has maintained stable occupancy. The property holds tremendous value-add potential with an average rental rate below the current market rate and the opportunity to restructure the leases.

Details

MLS#1813465
Sub-TypeResale
StatusActive
Year0
Days On Site64

Features

SQ Feet25,775
Story(s)0
ZoningC

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Area Information

StateKY
CountyMadison
CityRichmond
Zip Code40475
AreaMadison County
Listing VS Median (in 40475)
Price:
$2,350,000
low | high
Med:
$159,900
100% of Average
SqFt:
25,775
low | high
Med:
2,688
100% of Average
$ / SqFt:
$91
low | high
Med:
$59
84.754583016717% of Average
On Site:
64
low | high
Med:
18
100% of Average
Listing Updated: 08/16/2018
MLS Number: 1813465
Listing Provided By:
Gregory Leveridge  of  Block + Lot Real Estate