Renovated Restaurant
For Sale
$2,650,000
241 Eastern Bypass, Richmond, KY 40475
Recently updated restaurant asset with a B-3 designation and an existing NNN lease structure.
Property Size5,667 SF
Price / SF$467.62
Days on Market51
Property Features for 241 Eastern Bypass
General Information
Standard status
Active
Size
5,667 SF
Building Details
Year Built
2010
Listing Agency:
Rector Hayden Realtors
(859) 321-7753
Listed By:
Beth Bell Brown · License #190529
Source:
Sellkentucky
Added: Jul 10
Changed: Aug 29
Last Checked: Aug 25 at 5:26AM
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 Rector Hayden Realtors
Investment Insights
Based on property information with market context.
This 5,667-square-foot conventional restaurant property was built in 2010 and has undergone a very recent renovation. The asset is subject to a triple-net lease with Parlour Pizza, a regional operator with locations across Kentucky and Indiana. B-3 zoning supports its commercial restaurant profile.
The property fronts the Eastern Bypass, a major commercial corridor reporting approximately 30,000 VPD, with direct access and visibility from I-75, which carries approximately 65,000 VPD. The surrounding commercial environment includes national retailers, hotels, and student housing, placing the restaurant within an established mix of retail, lodging, and residential demand drivers.
The property fronts the Eastern Bypass, a major commercial corridor reporting approximately 30,000 VPD, with direct access and visibility from I-75, which carries approximately 65,000 VPD. The surrounding commercial environment includes national retailers, hotels, and student housing, placing the restaurant within an established mix of retail, lodging, and residential demand drivers.
Key Highlights
- 5,667 SF conventional restaurant property built in 2010
- Recently renovated restaurant building
- Triple‑net lease with Parlour Pizza
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
688
Businesses Nearby
541k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 55%
Apparel 20%
Shops & Services 14%
Home Improvements & Furnishings 5%
T.J. Maxx
Apparel
47,868 visits/mo
0.5 miles
McDonald's
Dining
38,099 visits/mo
0.4 miles
Texas Roadhouse
Dining
36,007 visits/mo
0.4 miles
DICK'S Sporting Goods
Apparel
35,379 visits/mo
0.5 miles
Cook Out
Dining
31,462 visits/mo
0.2 miles
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 Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- King Buffet — 650 Eastern Bypass, Richmond, KY 40475
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Recently updated restaurant asset with a B-3 designation and an existing NNN lease structure.
Where is this conventional restaurant located?
The property is located at 241 Eastern Bypass Richmond, KY.
What is the asking price?
The asking price for this property is $2,650,000.
What are key features of this property?
This property features: 5,667 SF conventional restaurant property built in 2010; Recently renovated restaurant building; Triple‑net lease with Parlour Pizza
