2001 Corporate DrRichmond, KY 40475

Property Details for 2001 Corporate Dr

Property size (Sq ft)

3,324 SF

Property type

Commercial real estate

APN

0069-0012-0027

APU

6900120027

Description

This exceptional 1,800 square foot office condo, situated in a two-suite building at 2001 Corporate Dr, Richmond, KY 40475, presents a fantastic leasing opportunity. Previously utilized as medical office space, this adaptable space is perfect for a variety of professional uses. The single-story building boasts a total of 3,600 square feet, with ample parking readily available for tenants and their clients. Recent updates enhance the property's appeal, ensuring a modern and functional workspace. The convenient location offers easy access to major retailers such as Kroger and Menards, and benefits from proximity to the EKU Bypass and US 25/Berea Road, ensuring high visibility and convenient commutes. The property is zoned B-3, allowing for a range of commercial uses within Madison County. The suite is immediately available and ready for occupancy. This is an ideal space for businesses seeking a well-maintained, conveniently located office in a thriving area of Richmond. The space is part of a two-tenant building, offering a quiet and professional atmosphere. The 1,800 square foot space is ready for immediate occupancy. This is a rare opportunity to secure a well-located, updated office space in a desirable area of Richmond, Kentucky.

• CAP approach

  CAP return

  Valuation

  6%

  $646,343

  6.5%

  $596,624

  7%

  $554,008

• Comparable approach

  Method

  Valuation

  Relative Method

  $282,550

  Geo Method

  $286,130

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,152,030

  Retail / Commercial

  $595,178

  Mixed-Use / Specialty

  $596,540

  Hospitality / Lodging

  $442,198

  Office

  $596,624

  Institutional / Educational

  $621,406

  Residential Income

  $727,045

  Multifamily

  $852,665

  Automotive / Energy

  $532,634

  Parking / Income-Based Land

  $180,363

  Restaurant / Food Service

  $317,700

  Healthcare / Senior Housing

  $608,168

Location Insight

City

Richmond

County

Madison

State

Kentucky

Latitude

37.7318

Longitude

-84.2687

CBSA code

40080

CBSA name

RICHMOND-BEREA, KY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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