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    Lancaster, KY
    Live - Work Space

    Lancaster, KY Live-work Space for Sale

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    Steel Mixed-Use Property with Shop
    Updated: May 7
    Steel Mixed-Use Property with Shop

    40 N Ridge Road, Lancaster, KY 40444

    $549,900
    1,802 sqft 4.38 AC lot
    4.383 acres with a 1,802‑square‑foot residence and two additional included lots
    1,500‑square‑foot heated and cooled steel shop with 16‑foot walls
    Two oversized 14' x 14' shop doors with screens on either end
    Approximately 24,000 cubic feet of shop space with ability to add a second story
    Separate 400‑amp electrical service to the home and shop
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Lancaster, KY, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Historic Live-Work Property
    Historic Live-Work Property

    219 S 4th St, Danville, KY 40422

    $514,900
    4,685 sqft

    Two-level configuration supports a commercial operation on the first floor with living quarters above.

    View details
    Historic Live-Work Property
    Historic Live-Work Property

    219 S 4th Street, Danville, KY 40422

    $499,900
    4,685 sqft 0.37 AC lot

    Two-level layout combines an established business setting with living quarters that can be completed with modifications.

    View details
    Mixed-Use Property with Apartment
    Mixed-Use Property with Apartment

    1305 Lancaster Rd, Richmond, KY 40475

    $440,000
    5,571 sqft

    Commercial office space pairs with a separate upstairs apartment and additional unfinished areas.

    View details
    Mixed-Use Property With Apartment
    Mixed-Use Property With Apartment

    1305 Lancaster Road, Richmond, KY 40475

    $440,000
    5,571 sqft 0.88 AC lot

    Office space, an upstairs apartment, and garage capacity support flexible live-work occupancy.

    View details

    Lancaster, KY Live-Work Space Market Trends and Statistics

    Explore 1 live-work space for sale in Lancaster, KY on our real estate platform. These investment opportunities span a total of 1,802 square feet of properties for sale, with an estimated market value of $549,900.

    Sale prices for live-work properties in Lancaster, KY average $549,900 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Office Units 2

    Demographics Overview

    Population 14K
    Population Growth (5Y) -1.4%
    Median Household Income $62,324
    College Educated 14.5%

    High-Yield Neighborhoods for Investment

    Identify Lancaster submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    40444 $549.9K

    Taxes & Financing

    Tax Rate (average for all types) 1.12%
    Property Tax per SF $0.28 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Garrard County

    New Delisted

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