500 Big Hill AveRichmond, KY 40475

Property Details for 500 Big Hill Ave

Property size (Sq ft)

1,138 SF

Property type

Commercial real estate

APN

R011-0006-0001

APU

R01100060001

Description

This exceptional commercial property at 500 Big Hill Avenue in Richmond, KY presents a unique investment opportunity. The 1,707 square foot building, situated on a 0.3-acre lot, boasts a highly visible location with thousands of vehicles passing daily, ensuring maximum exposure for your business. Zoned B-3, the property is suitable for a variety of uses, including office, retail, or mixed-use ventures. The building itself offers ample space for workstations, meeting areas, and other business needs. Exterior updates completed in 2019 include new vinyl siding, roof, and windows, ensuring long-term value and low maintenance. A significant advantage is the inclusion of a large, heated 1,170 square foot metal garage, perfect for equipment storage or vehicle parking. Further enhancing the property's appeal is a separately deeded lot behind the garage, providing ample on-site parking for employees and clients. Inside, a gas hookup and fireplace add comfort and ambiance to the office space. The property's strategic location is another key selling point, being just 1.3 miles from Eastern Kentucky University and a short 5-minute drive to Interstate 75, with the eastern bypass only a half-mile away. This combination of functionality, visibility, and convenient location makes this an ideal investment for businesses seeking a thriving and accessible space. The asking price is $355,000.

• Alternative Use

  Use

  Valuation

  Residential

  $223,484

  Hospitality

  $204,710

  Educational

  $170,316

  Medical

  $176,174

  Retail

  $264,936

Location Insight

City

Richmond

County

Madison

State

Kentucky

Latitude

37.7378

Longitude

-84.2808

CBSA code

40080

CBSA name

RICHMOND-BEREA, KY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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