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    500 Big Hill Ave Richmond, KY 40475

    For Sale
    $355,000

    Prime location, versatile space, high traffic area.

    Property size:
    1,707 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    310
    This exceptional commercial property at 500 Big Hill Avenue in Richmond, KY presents a unique investment opportunity. The 1,707 square foot building, situated on a 0.3-acre lot, boasts a highly visible location with thousands of vehicles passing daily, ensuring maximum exposure for your business. Zoned B-3, the property is suitable for a variety of uses, including office, retail, or mixed-use ventures. The building itself offers ample space for workstations, meeting areas, and other business needs. Exterior updates completed in 2019 include new vinyl siding, roof, and windows, ensuring long-term value and low maintenance. A significant advantage is the inclusion of a large, heated 1,170 square foot metal garage, perfect for equipment storage or vehicle parking. Further enhancing the property's appeal is a separately deeded lot behind the garage, providing ample on-site parking for employees and clients. Inside, a gas hookup and fireplace add comfort and ambiance to the office space. The property's strategic location is another key selling point, being just 1.3 miles from Eastern Kentucky University and a short 5-minute drive to Interstate 75, with the eastern bypass only a half-mile away. This combination of functionality, visibility, and convenient location makes this an ideal investment for businesses seeking a thriving and accessible space. The asking price is $355,000.

    Property Features for 500 Big Hill Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,707 SF
    Lot Size
    13,068 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Madison
    State
    Kentucky
    Longitude
    -84.28072
    Latitude
    37.73785

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    FAQs

    What type of property is this?
    Commercial real estate - Prime location, versatile space, high traffic area.
    Where is this commercial real estate located?
    The property is located at 500 Big Hill Ave Richmond, KY.
    What is the asking price?
    The asking price for this property is $355,000.
    (859) 260-1444
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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
    500 Big Hill Ave Richmond, KY 40475
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