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Renovated Industrial Property with Yard
For Sale
$1,600,000

509 N 3rd St, Richmond, KY 40475

43,000 SF Richmond industrial property with renovated features and yard.

Property Size43,000 SF
Lot Size3.04 Acres
Price / SF$37.21
Days on Market845

Property Features for 509 N 3rd St

General Information

Standard status Active
Size 43,000 SF
Lot size 3.04 Acres
Property subtype Industrial
Listing Agency: SVN Stone Commercial Real Estate
Listed By: Neal Metcalfe · License #217705
Source: Kcrea.resimplifi
Added: Jun 27, 2024 Changed: Oct 7 Last Checked: Oct 19 at 3:21AM

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 SVN Stone Commercial Real Estate

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Investment Insights

Based on property information with market context.

This is a 43,000 SF industrial property in Richmond. The property has undergone a complete renovation, finished in September 2024. Upgrades include original structural steel, a new metal roof, gutters, walls, a large drive-in door, and a dock. The property includes an adjacent excess acre yard and a small covered parking lot. The combined properties at 509, 601 N 3rd St, and 235 Broadway Avenue total 3.044 acres, including the building.

Key Highlights

  • 43,000 SF industrial property.
  • Recently renovated (completed September 2024) with new metal roof, gutters, walls, and large drive‑in door.
  • Includes an adjacent excess acre yard.

Property Analytics

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Current Use

Industrial properties

Suggested Use

Top Pick Real Estate Agency Dental Office Parking Lot & Garage Furniture & Home Goods (Bike/Boat/Book/etc) Store 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.

Location Intelligence

Trade Area within ½ mile

632
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
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Market

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

Frequently Asked Questions

What type of property is this?
Industrial property - 43,000 SF Richmond industrial property with renovated features and yard.
Where is this industrial property located?
The property is located at 509 N 3rd St Richmond, KY.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 43,000 SF industrial property.; Recently renovated (completed September 2024) with new metal roof, gutters, walls, and large drive‑in door.; Includes an adjacent excess acre yard.
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