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Office Suite with Private Offices
For Lease
$1,000/Mo

1232 Lancaster Avenue, Richmond, KY 40475

Commercial Lease, Richmond, KY

Space Size772 SF
Lot Size0.42 Acres
Days on Market393

Property Features for 1232 Lancaster Avenue

General Information

Property type Commercial Lease
Property subtype Office
Zoning description B-3
Rooms Basement
Parking 4
Security features Security System
Basement Walk-Up Access
Subdivision Commercial
Directions From Eastern By-Pass, turn south at University Shopping Center onto Lancaster Road (KY 52). Property is on the right just past Signs and More
Standard status Active
APN 0056-0000-0009-A
Size 2,623 SF
Lot size 0.42 Acres

Additional Details

Condition Move-in Ready

Utilities

Utilities Cable Available
Sewer type Septic Tank
Heating system Electric (Heating)
Cooling system Electric

Amenities

private entrance
reception area
full bath
storage
kitchenette
conference room available to reserve
on-site parking
internet access

Building Details

Floors in Building 2
Listing Agency: Century 21 Pinnacle
Listed By: Monica Marcum
Added: Oct 10, 2025 Changed: Nov 3 Last Checked: Nov 6 at 7:06AM
MLS# 25503477

Copyright © 2026 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

The 772 SF office suite is arranged with two private offices, a reception area, a full bath, storage, and kitchenette space. A separate conference room is available by reservation. The suite has a private entrance, internet access, and on-site parking.

The property offers connectivity to EKU and the Eastern By-Pass. Flexible lease terms are available.

Key Highlights

  • 772 SF office suite with two private offices
  • Reception area, full bath, storage, and kitchenette space
  • Private entrance and on‑site parking

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Office Units

Suggested Use

Top Pick Law Firm Parking Lot & Garage HVAC Service Building Supply Storage Facility Electrical Service

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

Lease Details

Yes
Highway access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

381
Businesses Nearby

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

Lease Benchmarks for Richmond, KY

$11.77 /SF/Yr
Avg Asking Price
$4.57–$16.12 /SF/Yr
Price Range
2,481 SF
Avg Space Size

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025

Frequently Asked Questions

What type of property is this?
Office unit - The layout includes reception space, a full bath, storage, and a kitchenette.
Where is this office unit located?
The property is located at 1232 Lancaster Avenue Richmond, KY.
What is the lease rate?
The lease rate is $1,000/Mo.
What are key features of this property?
This property features: 772 SF office suite with two private offices; Reception area, full bath, storage, and kitchenette space; Private entrance and on‑site parking
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