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    740 Richmond Ave Nicholasville, KY 40356

    Sponsored
    For Sale
    $1,250,000

    Established Convenience Store, Owner Financing Available

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional commercial property, located at 740 Richmond Avenue in Nicholasville, Kentucky, presents a lucrative investment opportunity. The 0.33-acre lot houses an established convenience store with a history spanning decades of operation. The property is offered at $1,250,000. Owner financing is available, requiring a 50% down payment, a 20-year amortization schedule with a 12% annual interest rate, and a balloon payment due at the end of the fifth year (60th month). The existing convenience store building is well-maintained, featuring fiberglass fuel tanks, a roof replaced within the last three years, and a recently repaved parking lot (completed last year). This turnkey operation offers immediate income potential and significant long-term growth prospects. The property's strategic location in Nicholasville ensures high visibility and convenient access for customers. Serious inquiries only. Please refrain from contacting store employees regarding this sale. All inquiries should be directed through the appropriate channels. This is a rare opportunity to acquire a well-established business with significant upside potential in a thriving Kentucky market. The combination of a proven business model and attractive owner financing makes this an exceptional investment opportunity.

    Property Features for 740 Richmond Ave

    General Information

    Property type
    Other commercial real estate
    Lot Size
    14,375 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    PIT STOP Gas Station RAADY DADDY Grocery Store ATM (Prime Star) Atm C&R Machine Shop Machine Shop

    Suggested Use

    Realty agency Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Gym & Fitness Kitchen & Bath Accounting Firm Women's Store Barber Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Nicholasville
    County
    Jessamine
    State
    Kentucky
    Longitude
    -84.55235
    Latitude
    37.88287

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    FAQs

    What type of property is this?
    Commercial real estate - Established Convenience Store, Owner Financing Available
    Where is this commercial real estate located?
    The property is located at 740 Richmond Ave Nicholasville, KY.
    What is the asking price?
    The asking price for this property is $1,250,000.
    (859) 576-3688
    Request Owner's contact information
    740 Richmond Ave Nicholasville, KY 40356
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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
    740 Richmond Ave Nicholasville, KY 40356
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