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Flexible Warehouse with Drive-Through
For Lease
$8 SF/Yr

440 N Estill Avenue, Richmond, KY 40475

COMMERCIAL - Richmond, KY

Space SizeContact for details
Lot Size3.50 Acres
Days on Market73

Property Features for 440 N Estill Avenue

General Information

Property type Commercial Lease
Property subtype Other
Zoning description Industial-I2
Parking 55
Subdivision Downtown
Directions End of North Estill Ave. on right
Standard status Active
APN R009-0026-0029
Size 40,000 SF
Lot size 3.50 Acres

Utilities

Sewer type Public Sewer
Heating system Natural Gas

Building Details

Year built 1972
Floors in Building 1
Listing Agency: Coldwell Banker McMahan
Listed By: William Schlosser · License #276902
Added: Jun 1 Changed: Aug 4 Last Checked: Aug 12 at 3:06AM
MLS# 26014976

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 flexible warehouse property is arranged to support a wide range of operations, with multiple sections available from 5,000 square feet up to 40,000 square feet. Sections can be separated for smaller users or conjoined for larger footprints. The space features wide open interiors, tall ceilings, 3 phase power, drive through doors, and loading docks, giving tenants practical options for production, distribution, storage, or other industrial uses. The owner also considers build to suit as an option, and lease terms and details are negotiable.

Located at 440 N Estill Avenue in Richmond, Kentucky, the building is close to downtown and offers easy access to I-75. Individual addresses have been assigned to the sections, which can help with tenant operations and logistics when multiple parties are occupying separate areas. The property sits on approximately 3.5 acres.

The configuration and loading capabilities make the property well-suited for users who need flexible space sizing, straightforward site movement through drive-through doors, and dock access for deliveries. With open layout and available 3-phase power, it can support businesses that want room to run efficiently while maintaining the option to start with a smaller section and scale within the same building footprint.

Key Highlights

  • Multiple available sections totaling 5,000 to 40,000 SF, with individual addresses assigned to each section
  • Sections can be separated or conjoined, with lease terms and details negotiable and build‑to‑suit option
  • Wide open spaces with tall ceilings

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Restaurant Building Supply Furniture & Home Goods Garden Center Food Market

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
Heavy power
NNN (Triple Net)
Lease Type
$1.20 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

409
Businesses Nearby
Under-served
Demand for This Use

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

Lease Benchmarks for Richmond, KY

$8.25 /SF/Yr
Avg Asking Price
$7–$10 /SF/Yr
Price Range
47,987 SF
Avg Space Size

This space is priced 3% below the average of $8.25 /SF/Yr.

Vacancy Rate% for Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025
Rey
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Similar Off Market Nearby

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Frequently Asked Questions

What type of property is this?
Flex space - Versatile warehouse offers divisible sections, tall ceilings, 3-phase power, drive-through doors, and loading docks.
Where is this flex space located?
The property is located at 440 N Estill Avenue Richmond, KY.
What is the lease rate?
The lease rate is $8 SF/Yr.
What are key features of this property?
This property features: Multiple available sections totaling 5,000 to 40,000 SF, with individual addresses assigned to each section; Sections can be separated or conjoined, with lease terms and details negotiable and build‑to‑suit option; Wide open spaces with tall ceilings
More about this property
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