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    230 Eastern Lot Byp Richmond, KY 40475

    For Sale
    $2,000,000

    COMMERCIAL - Richmond, KY

    Property size:
    16,280 SF
    Lot size:
    2.28 Acres
    Days on Market:
    64
    Last Refresh:
    Dec 11 at 11:06 am

    Property Features for 230 Eastern Lot Byp

    General Information

    Special listing conditions
    Standard
    Property type
    Commercial Sale
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    APN
    008-198
    Size
    16,280 SF
    Lot size
    2.28 Acres

    Utilities

    Utilities
    Cable Available
    Heating system
    Electric (Heating)
    Cooling system
    Electric, Multi Units

    Building Details

    Year built
    1971

    Elite Property Management (859) 245-1165

    Listing agent Alvin Whitaker (859) 408-7922

    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

    Richmond Hotel in High Traffic Area

    This 52-room hotel is located in a high-traffic area of Richmond, Kentucky. The property offers rooms with amenities such as free Wi-Fi, free parking, a microwave, and a refrigerator. Both single and double bed rooms are available. Daily maid service is provided. The hotel offers wheelchair access to common areas and exterior surveillance. The property includes a 9,000 square foot conference hall located behind the hotel, which is also for sale and can be purchased as a package on the same deed. The hotel property has a size of 16,280 square feet and is situated on a 2.28-acre lot.
    Location Intelligence

    Current Use by Public Records

    Hotels

    Map

    City
    Richmond
    County
    Madison
    State
    Kentucky
    Longitude
    -84.318876
    Latitude
    37.735863

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    FAQs

    What type of property is this?
    Hotel - 52-room hotel in Richmond, Kentucky, with conference hall option.
    Where is this hotel located?
    The property is located at 230 Eastern Lot Byp Richmond, KY.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: - Turn-key 52-room hotel in a high-traffic area.; - Includes free Wi-Fi and free parking for guests.; - Rooms equipped with microwave and refrigerator.
    (859) 408-7922
    Request Owner's contact information
    230 Eastern Lot Byp 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
    230 Eastern Lot Byp Richmond, KY 40475
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