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Versatile Commercial Facility on Large Lot
For Sale
$1,999,000

101 Hi Ln Dr, Richmond, KY 40475

18,750 SF commercial facility on 3.533 acres for sale.

Property Size18,479 SF
Lot Size3.53 Acres
Price / SF$108.18
Days on Market114

Property Features for 101 Hi Ln Dr

General Information

Standard status Active
Size 18,479 SF
Lot size 3.53 Acres
Listing Agency: Keller Williams Legacy Group
Listed By: Elizabeth Rice · License #213716
Source: Meliarealty
Added: May 27 Changed: Sep 10 Last Checked: Sep 16 at 12:17AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Legacy Group

Investment Insights

Based on property information with market context.

The property features an approximately 18,750-square-foot commercial facility situated on 3.533 acres. The existing improvements include reinforced concrete flooring and an open ceiling design. Loading capabilities and paved parking are present. Utility connectivity includes electric, natural gas, sewer, water, cable, and phone services. The site offers flexibility for a wide variety of commercial and industrial operations. It also presents future redevelopment or expansion potential. Convenient access to Richmond’s major commercial corridors further enhances the property's appeal for investment or operational use.

Key Highlights

  • Large 18,750‑square‑foot commercial facility.
  • Situated on a sizable 3.533‑acre lot.
  • Offers future redevelopment or expansion potential.

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Law Firm Real Estate Agency Storage Facility Veterinary Clinic (Bike/Boat/Book/etc) Store Florist

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,033
Businesses Nearby
Under-served
Demand for This Use

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025
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Frequently Asked Questions

What type of property is this?
Flex space - 18,750 SF commercial facility on 3.533 acres for sale.
Where is this flex space located?
The property is located at 101 Hi Ln Dr Richmond, KY.
What is the asking price?
The asking price for this property is $1,999,000.
What are key features of this property?
This property features: Large 18,750‑square‑foot commercial facility.; Situated on a sizable 3.533‑acre lot.; Offers future redevelopment or expansion potential.
More about this property
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