Renovated Richmond Industrial
For Lease
$7 SF/Yr
509 N 3rd St, Richmond, KY 40475
43,000 SF industrial warehouse with excess yard space for lease.
Space SizeContact for details
Lot Size3.04 Acres
Days on Market238
Property Features for 509 N 3rd St
General Information
Standard status
Active
Lot size
3.04 Acres
Property subtype
Land
Lease Term
NNN
Spaces For Lease
at 509 N 3rd St Contact us- Type
- Industrial
- Term
- 60 months
Richmond 43,000 SF SHELL Industrial For Sale or For Lease $7/SF/Yr
Listing Agency:
SVN Stone Commercial Real Estate
Listed By:
Neal Metcalfe · License #217705
(859) 312-8069
Source:
Svn
Added: Jan 27
Changed: Sep 16
Last Checked: Sep 21 at 5:58AM
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 SVN Stone Commercial Real Estate
Investment Insights
Based on property information with market context.
This 43,000 SF industrial property in Richmond features excess yard space. The property underwent a complete renovation, completed in September 2024, which included upgrades to the original structural steel with a new metal roof, gutters, and walls. It also features a large drive-in door, a dock, an adjacent excess acre yard, and a small covered parking lot. The combined properties at 509, 601 N 3rd St, and 235 Broadway Avenue total 3.044 acres, including the building. Richmond is located south of Lexington on the I-75 corridor and is experiencing growth due to factors such as interstate access, proximity to Lexington, lower housing costs, a good employment base, a regional university, and cultural and educational opportunities. Richmond was ranked 30th in the Top Micropolitans in the nation for new and expanded industry activity in 2010 and is currently the 7th most populous city in Kentucky. It is also home to Eastern Kentucky University with approximately 17,000 students. The historic downtown Richmond features a 19th-century commercial district.
Key Highlights
- 43,000 SF industrial property featuring a recent (September 2024) complete renovation.
- Includes excess yard space and an adjacent excess acre yard.
- Located in Richmond, KY, one of the fastest‑growing areas in Kentucky with easy interstate access.
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
$1.05 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
632
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Richmond, KY
$8.64 /SF/Yr
Avg Asking Price
$6.02–$11 /SF/Yr
Price Range
30,871 SF
Avg Space Size
This space is priced 19% below the average of $8.64 /SF/Yr.
Vacancy Rate% for Industrial in South region
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Similar Off Market Nearby
- Red Dot Storage — 455 E Main St, Richmond, KY 40475
- Fort Knox Mini Self Storage — 251 Four Mile Ave, Richmond, KY 40475
- Richmond’s Fort Knox Mini Self — 727 N 3rd St, Richmond, KY 40475
Frequently Asked Questions
What type of property is this?
Warehouse - 43,000 SF industrial warehouse with excess yard space for lease.
Where is this warehouse located?
The property is located at 509 N 3rd St Richmond, KY.
What is the lease rate?
The lease rate is $7 SF/Yr.
What are key features of this property?
This property features: 43,000 SF industrial property featuring a recent (September 2024) complete renovation.; Includes excess yard space and an adjacent excess acre yard.; Located in Richmond, KY, one of the fastest‑growing areas in Kentucky with easy interstate access.
