Mixed-Use Property with
For Sale
$440,000
1305 Lancaster Rd, Richmond, KY 40475
Commercial office space pairs with a separate upstairs apartment and additional unfinished areas.
Property Size5,571 SF
Price / SF$78.98
Days on Market115
Property Features for 1305 Lancaster Rd
General Information
Standard status
Active
Size
5,571 SF
Property Condition
Severity
Repairs Needed
Evidence
needs new HVAC unit
Additional Details
Floor
Main
Office Units
1
Building Details
Year Built
1983
Buildings
1
Tenancy
Single
Listing Agency:
CENTURY 21 Advantage Realty
(859) 624-5488
Listed By:
Jon Lucas · License #KY247281
Source:
Meliarealty
Added: May 8
Changed: Aug 30
Last Checked: Aug 25 at 5:08AM
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 CENTURY 21 Advantage Realty
Investment Insights
Based on property information with market context.
This 5,571-square-foot mixed-use property combines ground-level commercial office space with residential accommodations. The upper level contains a three-bedroom, two-bath apartment with a private entrance, creating a configuration suitable for owner occupancy, rental use, or live-work operations. The property also includes a basement apartment that is partially unfinished and currently used for storage. A three-car garage is complemented by an unfinished room above it, providing additional space for future completion. The upstairs apartment is cooled by window AC units and requires a new HVAC system. Existing dental equipment will be removed.
Located at 1305 Lancaster Rd in Richmond, the property backs up to the new Model school under construction and is near EKU campus. Its combination of office, residential, garage, and unfinished areas supports a range of commercial and live-work configurations without relying on a single use.
Located at 1305 Lancaster Rd in Richmond, the property backs up to the new Model school under construction and is near EKU campus. Its combination of office, residential, garage, and unfinished areas supports a range of commercial and live-work configurations without relying on a single use.
Key Highlights
- 5,571 SF mixed‑use property with commercial office space and residential components
- Three‑bedroom, two‑bath upstairs apartment with a private entrance
- Partially unfinished basement apartment currently used for storage
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
184
Businesses Nearby
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
Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial office space pairs with a separate upstairs apartment and additional unfinished areas.
Where is this mixed-use property located?
The property is located at 1305 Lancaster Rd Richmond, KY.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: 5,571 SF mixed‑use property with commercial office space and residential components; Three‑bedroom, two‑bath upstairs apartment with a private entrance; Partially unfinished basement apartment currently used for storage
