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    1305 Lancaster Rd Richmond, KY 40475

    Sponsored
    For Sale
    $475,000

    COMMERCIAL - Richmond, KY

    Property size:
    5,571 SF
    Lot size:
    0.88 Acres
    Days on Market:
    3
    Last Refresh:
    Jan 7 at 8:06 am

    Property Features for 1305 Lancaster Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    0056-0000-0026-B
    Size
    5,571 SF
    Lot size
    0.88 Acres

    The Gibson Company 2248833

    Listing agent Dallas Hodge (859) 224-8833

    Listing date Jan 5, 2026

    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.

    Overview

    Mixed-Use Property Near Campus

    This mixed-use property is located close to campus in Richmond, Kentucky. The building has a total area of 5571 square feet and is situated on a lot of 0.88 acres. The first floor is currently used as a dental practice. The second story features a large apartment with 3 bedrooms and 2 bathrooms. The basement includes an unfinished apartment currently used for storage. The property is being sold As-Is. The current owner is willing to lease back the office space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Great Grins Dentistry Dental Clinic Susan Vanstone Dentist

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Madison
    State
    Kentucky
    Longitude
    -84.309636
    Latitude
    37.727075

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with dental office, apartment, and unfinished basement.
    Where is this mixed-use property located?
    The property is located at 1305 Lancaster Rd Richmond, KY.
    What is the asking price?
    The asking price for this property is $475,000.
    What are key features of this property?
    This property features: - Mixed-use property with potential for rental income from multiple units.; - Large 3-bedroom, 2-bath apartment upstairs.; - Prime location close to campus.
    (859) 224-8833
    Request Owner's contact information
    1305 Lancaster Rd Richmond, KY 40475
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    Richmond, KY 40475
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1305 Lancaster Rd Richmond, KY 40475
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