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Office Suite With Private Entrance
For Lease
$1,000/Mo

1232 Lancaster Avenue, Richmond, KY 40475

Commercial Lease, Richmond, KY

Space Size772 SF
Lot Size0.42 Acres
Days on Market376

Property Features for 1232 Lancaster Avenue

General Information

Property type Commercial Lease
Property subtype Office
Zoning description B-3
Rooms Basement
Parking 4
Security features Security System
Basement Walk-Up Access
Subdivision Commercial
Directions From Eastern By-Pass, turn south at University Shopping Center onto Lancaster Road (KY 52). Property is on the right just past Signs and More
Standard status Active
APN 0056-0000-0009-A
Size 2,623 SF
Lot size 0.42 Acres

Utilities

Utilities Cable Available
Sewer type Septic Tank
Heating system Electric (Heating)
Cooling system Electric

Amenities

private entrance
on-site parking
internet access
conference room

Building Details

Floors in Building 2
Listing Agency: Century 21 Pinnacle
Listed By: Monica Marcum
Added: Oct 10, 2025 Changed: Oct 2 Last Checked: Oct 20 at 6:06AM
MLS# 25503477

Copyright © 2026 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

This 772-square-foot office suite includes two private offices, a reception area, a full bath, storage, and kitchenette space. A private entrance provides direct access for occupants and visitors, while a conference room can be reserved for meetings. The suite also includes internet access and on-site parking.

The property is located on Lancaster Avenue in Richmond, with convenient connections to Eastern Kentucky University and the Eastern By-Pass. Electric heating and cooling serve the space, with cable available and a septic tank on the property.

Key Highlights

  • 772 SF office suite with two private offices
  • Reception area, full bath, storage, and kitchenette space
  • Private entrance for direct access

Property Analytics

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Current Use

Office Units

Suggested Use

Top Pick Law Firm Parking Lot & Garage HVAC Service Building Supply Storage Facility Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

381
Businesses Nearby

Demographics for 40475, KY

62,531
Population
28,118
Households
2.2
Avg Household Size
35
Median Age
37%
College-Educated
93%
High-School Grad
287.3 sq mi
ZIP Area
218
Density / Sq Mi
$62,731
Median Household Income
$35,102
Median Earnings
$863
Median Rent
$232,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Richmond, KY

$12.57 /SF/Yr
Avg Asking Price
$4.57–$16.98 /SF/Yr
Price Range
5,819 SF
Avg Space Size

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025

Frequently Asked Questions

What type of property is this?
Office unit - Two-office suite with reception, kitchenette space, storage, and a full bath.
Where is this office unit located?
The property is located at 1232 Lancaster Avenue Richmond, KY.
What is the lease rate?
The lease rate is $1,000/Mo.
What are key features of this property?
This property features: 772 SF office suite with two private offices; Reception area, full bath, storage, and kitchenette space; Private entrance for direct access
More about this property
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