204-206 S 3rd Street Richmond, KY 40475

Located in Downtown Richmond, Kentucky, this mixed-use property offers a strategic acquisition opportunity. Positioned along the South 3rd Street corridor, the property provides immediate cash flow from two occupied street-level commercial suites, which include an established bar and a retail tenant. There are also five apartment units with the potential for renovation and future lease-up. The asset currently generates approximately $44,400 in annual commercial income. The combination of in-place income and residential redevelopment potential creates an opportunity for investors seeking to increase long-term net operating income within a walkable downtown environment. The property benefits from strong visibility, pedestrian traffic, and proximity to Eastern Kentucky University, downtown dining, retail, and continued investment throughout Downtown Richmond. The property size is 9,763 square feet on a lot of 0.19 acres. This centrally located mixed-use property has existing commercial cash flow and future residential expansion potential in one of Central Kentucky's most active downtown corridors. It is ideal for investors seeking urban mixed-use assets in growing secondary markets.