405 Leighway DrRichmond, KY 40475

Property Details for 405 Leighway Dr

Property size (Sq ft)

2,756 SF

Property type

Banks

APN

R003-0001-0002

APU

R00300010002

Description

This exceptional investment opportunity presents a 2,756 square foot warehouse located at 405 Leighway Drive, Richmond, Kentucky, 40475. The property is classified as industrial and commercial, offering significant potential for various uses. Situated in Madison County, this warehouse boasts excellent visibility due to its proximity to the Eastern Kentucky University bypass and Interstate 75, ensuring high traffic exposure and easy accessibility. The asking price is $775,000. The property consists of a single warehouse building with no individual units. The land area is not specified. This location offers a strategic advantage for businesses seeking convenient access to major transportation routes and a strong local market. The property's prime location and substantial square footage make it an attractive investment for entrepreneurs and established businesses alike. Serious inquiries are encouraged to explore this promising opportunity further. Further details regarding zoning and potential uses are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $695,090

  6.5%

  $641,621

  7%

  $595,791

• Comparable approach

  Method

  Valuation

  Relative Method

  $590,356

  Geo Method

  $597,836

• Alternative Use

  Use

  Valuation

  Residential

  $541,231

  Hospitality

  $495,765

  Educational

  $412,471

  Medical

  $426,656

  Retail

  $641,621

Location Insight

City

Richmond

County

Madison

State

Kentucky

Latitude

37.7369

Longitude

-84.314

CBSA code

40080

CBSA name

RICHMOND-BEREA, KY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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