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    309 Spangler Dr Richmond, KY 40475

    For Sale
    Contact for pricing

    Prime Office Building, Excellent Location, Ample Parking

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional commercial property, situated at 309 Spangler Drive Unit 120 in Richmond, Kentucky, presents a significant office opportunity. Spanning approximately 1,491 to 5,966 contiguous square feet, this flexible space offers a variety of configurations to suit diverse business needs. The building boasts several key features designed for optimal functionality and comfort, including private restrooms and dedicated break rooms within each unit. Furthermore, convenient conference rooms are available, facilitating efficient meetings and collaborations. The property's strategic location provides easy access to major roadways, including I-75 and the Richmond Bypass, ensuring seamless commutes for employees and clients. Its proximity to a vibrant retail hub, featuring prominent establishments such as Starbucks, Meijer, Chick-fil-A, and The Richmond Center (a 120-acre retail development), offers unparalleled convenience and accessibility. Ample parking is guaranteed with a secured overflow lot, addressing the parking needs of both tenants and visitors. The property sits on a sizable 1.73-acre lot, providing ample space and potential for future expansion or development. This is a rare opportunity to secure a well-appointed office space in a thriving commercial area. The professional office building offers a blend of convenience, functionality, and accessibility, making it an ideal location for a variety of businesses.

    Property Features for 309 Spangler Dr

    General Information

    Property type
    Other commercial real estate
    Lot Size
    75,359 SF

    Building Details

    Year Built
    1980
    Property Profile Location Intelligence

    Current Use by Public Records

    Madison County Adult ... Adult Education School Vertical Structures Inc Telecommunications Service Provider Kentucky Career Center ... Employment Agency

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Madison
    State
    Kentucky
    Longitude
    -84.31574
    Latitude
    37.73508

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Office Building, Excellent Location, Ample Parking
    Where is this commercial real estate located?
    The property is located at 309 Spangler Dr Richmond, KY.
    What is the asking price?
    The asking price for this property is $14.
    (859) 309-0099
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    309 Spangler Dr 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
    309 Spangler Dr Richmond, KY 40475
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