405 Leighway DrRichmond, KY 40475

  • Retail properties
  • 2,756 SF
For Sale
$775,000 View listing

Property Details for 405 Leighway Dr

Property size (Sq ft)
2,756 SF
Property type
Retail properties
Property subtype
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
405 Leighway Dr, Richmond, Kentucky

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$4,850
-
-
$500,000
-
-
-
$500,000

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