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    405 Leighway Dr Richmond, KY 40475

    Sponsored
    For Sale
    $775,000

    Prime KY location, 2,756 sq ft warehouse.

    Property size:
    2,756 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a 2,756 square foot warehouse located at 405 Leighway Drive, Richmond, Kentucky, 40475. The property is classified as industrial and commercial, offering significant potential for various uses. Situated in Madison County, this warehouse boasts excellent visibility due to its proximity to the Eastern Kentucky University bypass and Interstate 75, ensuring high traffic exposure and easy accessibility. The asking price is $775,000. The property consists of a single warehouse building with no individual units. The land area is not specified. This location offers a strategic advantage for businesses seeking convenient access to major transportation routes and a strong local market. The property's prime location and substantial square footage make it an attractive investment for entrepreneurs and established businesses alike. Serious inquiries are encouraged to explore this promising opportunity further. Further details regarding zoning and potential uses are available upon request.

    Property Features for 405 Leighway Dr

    General Information

    Property type
    Distribution properties
    Square Feet
    2,756 SF

    HighLights

    • $775,000 asking price.
    • 2,756 square foot industrial warehouse on land.
    • Located at 405 Leighway Drive, Richmond, KY 40475.
    • Excellent visibility from the EKU Bypass and proximity to I‑75.
    Property Profile Location Intelligence

    Current Use by Public Records

    Chase Mortgage Mortgage Lender Chase Bank Bank Chase ATM Atm

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Madison
    State
    Kentucky
    Longitude
    -84.3140584
    Latitude
    37.7370368

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    FAQs

    What type of property is this?
    Distribution property - Prime KY location, 2,756 sq ft warehouse.
    Where is this distribution property located?
    The property is located at 405 Leighway Dr Richmond, KY.
    What is the asking price?
    The asking price for this property is $775,000.
    What are key features of this property?
    This property features: $775,000 asking price.; 2,756 square foot industrial warehouse on land.; Located at 405 Leighway Drive, Richmond, KY 40475.
    Request Owner's contact information
    405 Leighway Dr Richmond, KY 40475
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    Richmond, KY 40475
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    405 Leighway Dr Richmond, KY 40475
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