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    1603 E Main St Richmond, KY 40475

    For Sale
    $875,000

    COMMERCIAL - Richmond, KY

    Property size:
    1,629 SF
    Lot size:
    0.90 Acres
    Days on Market:
    66
    Last Refresh:
    Dec 13 at 9:06 pm

    Property Features for 1603 E Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    R010-0020-0006
    Parking
    20
    Size
    1,629 SF
    Lot size
    0.90 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Ductless (Heating), Radiant, Forced Air, Electric (Heating)
    Cooling system
    Ductless, Central Air, Electric

    Building Details

    Building materials
    Brick, Stone, Vinyl Siding

    Weichert Realtors Ford Brothers (606) 679-2656 [email protected]

    Listing agent Jeffery W Cromer (859) 353-4446

    Listing date Oct 9, 2025

    Copyright © 2025 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

    Versatile Commercial Property, Richmond, KY

    This commercial property is located at the corner of Lake Street and East Main Street. The main building includes an office and sales area, men's and women's restrooms, and a large garage area with two oversized bay doors. An attached rear garage provides additional space. There is also a detached 12x33 office building with a covered front porch. The property has city water and sewer, and a concrete parking area. Two additional lots front Lake Street offer flexibility for future development or expanded parking. The property is suited for auto sales and service, retail, office use, or other commercial ventures. Formerly known as East Main Auto Sales, the property offers exposure and accessibility. The property size is 1629 square feet and the lot size is 0.9 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    East Main Auto ... Used Car Dealer

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Similar Places Nearby

    T@T Automotive, American Mobile Glass Services, Wynn Auto Window Tinting & Ceramic Coating, Be Cool Window Tinting, Ride Repo

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Madison
    State
    Kentucky
    Longitude
    -84.276474
    Latitude
    37.741977

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    FAQs

    What type of property is this?
    Auto shop - Commercial property with office, garage, and additional lots.
    Where is this auto shop located?
    The property is located at 1603 E Main St Richmond, KY.
    What is the asking price?
    The asking price for this property is $875,000.
    What are key features of this property?
    This property features: - Prime corner lot location at the intersection of Lake Street and East Main Street, offering high visibility and traffic.; - Versatile layout suitable for various commercial uses.; - Includes a main building with office/sales area, restrooms, and a large garage with **two oversized bay doors**.
    (859) 353-4446
    Request Owner's contact information
    1603 E Main St 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
    1603 E Main St Richmond, KY 40475
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