405 Leighway DrRichmond, KY 40475
- Retail properties
- 2,756 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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