Richmond, KY Commercial Real Estate for Sale

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75 properties

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Updated: Aug 25

Church Facility with Flexible Layout

315 Spangler Drive, Richmond, KY 40475

$599,900

9,585 sqft 0.46 AC lot

9,585‑square‑foot church facility
0.46‑acre property in Richmond, KY 40475
Currently occupied by Trinity Church PCA
B‑3 zoning
Brick construction with natural gas heating and electric cooling

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Updated: Jun 1

Four-Unit Gas Station Property

1696 Northgate Drive, Richmond, KY 40475

$2,500,000

9,222 sqft 1.18 AC lot

9,222‑square‑foot mixed‑use property on 1.18 acres
Four‑unit configuration with gas station, convenience store, and health spa center
Health spa center currently under lease
Located at a signalized intersection on I‑75
Additional parking areas support potential future development

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Flex Space with Two Buildings

260-264 Four Mile Road, Richmond, KY 40475

$495,000

7,056 sqft 0.51 AC lot

Two-building commercial property with I-2 zoning, open parking, and existing water, plumbing, and electric service.

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Three-Bay Auto Shop

1603 E Main St, Richmond, KY 40475

$585,000

1,629 sqft 1.15 AC lot

Includes a separate mobile office, substantial parking, and additional land behind the primary improvements.

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Six-Bay Auto Shop

1500 E Main Street, Richmond, KY 40475

$2,475,000

6,622 sqft 0.96 AC lot

Recently built service facility with on-site parking and vehicle maneuverability.

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Riverfront Farm With Commercial Shop

3700 River Drive, Richmond, KY 40475

$1,250,000

3,333 sqft 58.00 AC lot

Working farm with river access, livestock improvements, a residence, and a commercial shop with separate utilities.

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Wedding and Conference Venue

230 Eastern, Richmond, KY 40475

$1,800,000

9,000 sqft 1.00 AC lot

Recently built event facility with ample parking and central air conditioning.

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Renovated Restaurant Property

241 Eastern Bypass, Richmond, KY 40475

$2,300,000

5,667 sqft

Recently updated restaurant asset with a B-3 designation and an existing NNN lease structure.

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Triplex with Commercial Space

401 North Street, Richmond, KY 40475

$350,000

3,224 sqft 0.15 AC lot

B-3 property combining a commercial ground floor with two separately entered apartments.

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Commercial Land Near Retail

GHG lot 6 Hampton Way, Richmond, KY 40475

$979,000

1.03 AC lot

Commercial parcel positioned across from established hotels, offices, restaurants, and shopping destinations.

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Skyline Chili Restaurant

2216 Lantern Ridge Dr, Richmond, KY 40475

$4,031,500

6,437 sqft

Established restaurant property within a major regional shopping and dining destination.

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Updated Storefront Retail Building

1065 Berea Rd, Richmond, KY 40475

$420,000

1,875 sqft 0.24 AC lot

Open commercial layout with a rear kitchen and office, supported by public sewer service and recent building improvements.

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Commercial Land Out Parcel

2072 Merchant Drive, Richmond, KY 40475

$1,400,000

1.71 AC lot

1.71-acre commercial site with utilities available and access from the Robert Martin Bypass.

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Four-Unit Mixed-Use Property

1696 Northgate Dr, Richmond, KY 40475

$2,500,000

9,222 sqft

Includes a gas station, convenience store, and health spa center under lease.

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Fenced Storage Warehouse

508 N 3rd Street, Richmond, KY 40475

$59,900

1,000 sqft 0.12 AC lot

Block storage building with gated access and a fully enclosed lot.

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Mixed-Use Property with Apartments

204-206 S 3rd Street, Richmond, KY 40475

$579,000

9,763 sqft 0.19 AC lot

Two occupied street-level suites support bar and retail tenancy within a downtown commercial building.

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Six-Bay Auto Shop

1500 E Main St, Richmond, KY 40475

$2,475,000

6,622 sqft 0.96 AC lot

Metal service facility with on-site parking, vehicle maneuvering space, and an established automotive business included in the sale.

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Rolling Agricultural Land

146 Caleast Road, Richmond, KY 40475

$450,000

30.00 AC lot

AG-zoned farmland combines open pasture and hayfield with wooded draws and mature trees.

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First Watch Breakfast & Diner

2222 Lantern Ridge Dr, Richmond, KY 40475

$3,476,000

4,265 sqft

Daytime dining location within a large lifestyle center supported by major retail, entertainment, and restaurant anchors.

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Mixed-Use Property with Apartment

301 Steep Street, Richmond, KY 40475

$450,000

4,406 sqft 0.47 AC lot

Vacant commercial property with a rear apartment, garage, and flexible space for retail, office, showroom, or service use.

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Renovated Office/Retail Historic Home

1419 Lexington Road, Richmond, KY 40475

$795,000

4,256 sqft 0.28 AC lot

Highly visible, renovated historic home ideal for office or retail.

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B-3 Commercial Land

1 Bryson Way, Richmond, KY 40475

$450,000

1.63 AC lot

B-3-zoned commercial land with water available near US 25.

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Wedding Venue Conference Hall

230 Eastern Unit 232, Richmond, KY 40475

$1,800,000

9,000 sqft

Newer event facility with ample parking and flexible gathering space.

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Commercial Land with Utility Availability

2725 Lexington Road, Richmond, KY 40475

$400,000

2.00 AC lot

Commercial land offering access to I-75 and utilities available for future site development.

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Richmond, KY Commercial Real Estate Market Trends and Statistics

Explore 75 commercial real estate for sale in Richmond, KY, showcased through 75 active listings on our real estate platform. These investment opportunities span a total of 1,766,286 square feet of properties for sale, with an estimated market value of $72,212,256.

Sale prices for business properties in Richmond, KY start at $59,900, averaging $1,077,794, and reaching up to $4,500,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Richmond, KY CRE market trends — vacancy, lease rates and price per SF, updated monthly

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Demographics Overview

Population 65K

Population Growth (5Y) +5.8%

Median Household Income $62,731

College Educated 26.2%

High-Yield Neighborhoods for Investment

Identify Richmond submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
40475	$1M

Taxes & Financing

Tax Rate (average for all types) 0.97%

Property Tax per SF $5.99 per SF

Tax Rate vs County Average 0.02 pp below county avg

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Madison County

New Delisted

Total CRE Inventory on Market (SF)

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