Mixed-Use Property With
For Sale
$440,000
Pending
1305 Lancaster Road, Richmond, KY 40475
Commercial Sale, Richmond, KY
Property Size5,571 SF
Lot Size0.88 Acres
Days on Market187
Property Features for 1305 Lancaster Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
P-1
Rooms
Basement
Parking
10
Parking features
Open
Basement
Walk-Out Access, Partially Finished
Subdivision
Commercial
Directions
Lancaster Road Building on the right Latitude: 37.727075 Longitude: -84.309636
Standard status
Pending
APN
0056-0000-0026-B
Size
5,571 SF
Lot size
0.88 Acres
Utilities
Sewer type
Septic Tank
Heating system
Electric (Heating)
Cooling system
Window Unit(s), Multi Units
Building Details
Year built
1983
Floors in Building
3
Listing Agency:
CENTURY 21 Advantage Realty
Listed By:
Jon Lucas · License #KY247281
(859) 624-5488
Added: Mar 24
Changed: Sep 12
Last Checked: Sep 26 at 3:06PM
MLS# 26008401
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.
Investment Insights
Based on property information with market context.
This 5,571-square-foot mixed-use property, built in 1983, combines commercial office space on the main level with a private residential apartment above. The upstairs residence includes 3 bedrooms and 2 baths and has a separate entrance. The first floor previously accommodated a dental practice, with associated equipment to be removed. A partially unfinished basement is currently used for storage and could be renovated for additional apartment or business space. The property also includes a large 3-car garage and an unfinished room above it.
The 0.88-acre property is located at 1305 Lancaster Road in Richmond, Kentucky, near Eastern Kentucky University and the site of a new Model school. The upstairs apartment currently uses window AC units and needs a new HVAC unit. Heating is electric, cooling includes window and multiple units, and the property is served by a septic tank.
The 0.88-acre property is located at 1305 Lancaster Road in Richmond, Kentucky, near Eastern Kentucky University and the site of a new Model school. The upstairs apartment currently uses window AC units and needs a new HVAC unit. Heating is electric, cooling includes window and multiple units, and the property is served by a septic tank.
Key Highlights
- 5,571 SF mixed‑use property on 0.88 acres
- Main level commercial office space with upstairs 3‑bedroom, 2‑bath apartment
- Separate entrance for the upstairs residential unit
Property Analytics
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Current Use
Lease Details
1
Office units
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
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Office space, an upstairs apartment, and garage capacity support flexible live-work occupancy.
Where is this mixed-use property located?
The property is located at 1305 Lancaster Road 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 on 0.88 acres; Main level commercial office space with upstairs 3‑bedroom, 2‑bath apartment; Separate entrance for the upstairs residential unit
