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238 E Main St Richmond KY 7 Unit Shopping Center

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ID: 71

238 E Main St Richmond KY 7 Unit Shopping Center

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$999,999.00

Earnest Money Deposit: $50,000

(Currently Sold Out. Inquire for availability)

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Property Description

Introducing Richmond Plaza at 238 E Main St, Richmond, KY 40475! This prime strip center is a historical gem with 7 units and strong income potential. Built in 1930, its rich local history and prime Main Street location offer a unique investment opportunity in the heart of Richmond's downtown core.

With a total area of 33,278 sq. ft. and annual income of $76,080, this property ensures steady cash flow and value-add potential. The property's B2 zoning allows for a diverse tenant mix, attracting high foot traffic and ensuring high visibility.

Don't miss this chance to own a piece of Richmond's commercial history in a thriving business district. Contact us at Coldwell Banker Commercial AMH for more information on this historical asset with strong income potential.

BUILDING INFORMATION

Units7
Year Built1930
Year Renovated2015
Buildings1
Stories1
ZoningB2
Lot Size (sq ft)33,278

PROPERTY TYPE

Property TypeRetail
SubtypeShopping Center
Investment Sub TypeInvestment
ClassB
Lease TypeModified
TenancyMulti
Remaining Term3 years
Square Footage16,028
Cap Rate6.58%
Occupancy100%
NOI$65,832
Ownership100%

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