Mixed-Use Live-Work
For Sale
$440,000
Pending
1305 Lancaster Road, Richmond, KY 40475
COMMERCIAL - Richmond, KY
Property Size5,571 SF
Lot Size0.88 Acres
Days on Market142
Property Features for 1305 Lancaster Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
P-1
Rooms
Basement
Parking
10
Parking features
Open
Basement
Walk-Out Access, Partially Finished
Subdivision
Commercial
Directions
Lancaster Road Building on the right Latitude: 37.727075 Longitude: -84.309636
Standard status
Pending
APN
0056-0000-0026-B
Size
5,571 SF
Lot size
0.88 Acres
Utilities
Sewer type
Septic Tank
Heating system
Electric (Heating)
Cooling system
Window Unit(s), Multi Units
Building Details
Year built
1983
Floors in Building
3
Listing Agency:
CENTURY 21 Advantage Realty
(859) 624-5488
Listed By:
Jon Lucas
(859) 624-5488
Added: Mar 24
Changed: Aug 11
Last Checked: Aug 12 at 5:06PM
MLS# 26008401
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Investment Insights
Based on property information with market context.
Located at 1305 Lancaster Road in Richmond, Kentucky, this mixed-use property combines commercial office space with residential living under one roof. The main level includes well-appointed commercial office space that has been used as the owner’s dental practice. Upstairs, there is a private residential apartment with 3 bedrooms and 2 bathrooms, served by its own entrance. The apartment currently uses window AC units and needs a new HVAC unit.
The basement contains another partially unfinished apartment area that is currently being used for storage, with room to renovate for an additional large apartment or other business use. Additional improvements include a huge 3-car garage and a large room above the garage that needs to be finished.
The property also backs up to a new Model school being built and is close to EKU campus. At this time, all dental equipment will be removed.
The basement contains another partially unfinished apartment area that is currently being used for storage, with room to renovate for an additional large apartment or other business use. Additional improvements include a huge 3-car garage and a large room above the garage that needs to be finished.
The property also backs up to a new Model school being built and is close to EKU campus. At this time, all dental equipment will be removed.
Key Highlights
- Mixed‑use layout with main‑level commercial office space and an upstairs 3‑bedroom, 2‑bath residential apartment
- Upstairs apartment has its own entrance, offering options for owner‑occupant use or rental income
- Basement includes a partially unfinished apartment currently used for storage, with potential for conversion to additional living or business space
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
16
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Live-work space - Commercial office space on the main level with a separate upstairs 3-bedroom apartment and shared garage facilities.
Where is this live-work space located?
The property is located at 1305 Lancaster Road Richmond, KY.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: Mixed‑use layout with main‑level commercial office space and an upstairs 3‑bedroom, 2‑bath residential apartment; Upstairs apartment has its own entrance, offering options for owner‑occupant use or rental income; Basement includes a partially unfinished apartment currently used for storage, with potential for conversion to additional living or business space
