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    Richmond, KY
    Live - Work Space

    Richmond, KY Live-work Space for Sale

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    Williamstown, KY Grayson, KY Nicholasville, KY Berea, KY Lexington, KY Waco, KY Winchester, KY Lancaster, KY
    Mixed-Use Live-Work Property
    Updated: Mar 24
    Mixed-Use Live-Work Property

    1305 Lancaster Road, Richmond, KY 40475

    $440,000
    5,571 sqft 0.88 AC lot
    Mixed‑use layout with main‑level commercial office space and an upstairs 3‑bedroom, 2‑bath residential apartment
    Upstairs apartment has its own entrance, offering options for owner‑occupant use or rental income
    Basement includes a partially unfinished apartment currently used for storage, with potential for conversion to additional living or business space
    Year built: 1983; heating is electric and cooling includes window units (upstairs needs a new HVAC unit)
    Parking: open parking; includes a huge 3‑car garage plus a large room above the garage that needs finishing
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    Mixed-Use Property with Apartment
    Updated: May 8
    Mixed-Use Property with Apartment

    1305 Lancaster Rd, Richmond, KY 40475

    $440,000
    5,571 sqft
    5,571 SF mixed‑use property with commercial office space and residential components
    Three‑bedroom, two‑bath upstairs apartment with a private entrance
    Partially unfinished basement apartment currently used for storage
    Three‑car garage with an unfinished room above
    Backs up to the new Model school under construction and is near EKU campus
    View details
    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 6 Potential Opportunities for your consideration. Besides 2 Active listings in Richmond, 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 Street, Danville, KY 40422

    $514,900
    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
    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
    Self Storage Facility with House
    Self Storage Facility with House

    1031 Highway 1016, Berea, KY 40403

    $549,900
    1,560 sqft 2.92 AC lot

    B2-zoned acreage includes multiple storage buildings and a separate house for residential or office use.

    View details
    Live-Work Property with Storage Units
    Live-Work Property with Storage Units

    1031 Highway 1016, Berea, KY 40403

    $549,900
    7,880 sqft 2.92 AC lot

    B2-zoned property near Berea Bypass includes multiple storage unit buildings and an on-site house.

    View details

    Richmond, KY Live-Work Space Market Trends and Statistics

    Explore 2 live-work space for sale in Richmond, KY on our real estate platform. These investment opportunities span a total of 11,142 square feet of properties for sale, with an estimated market value of $880,000.

    Sale prices for live-work properties in Richmond, KY average $440,000 — 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 16
    Office buildings 7
    Medical Office Space 3

    Demographics Overview

    Population 65K
    Population Growth (5Y) +5.8%
    Median Household Income $62,731
    College Educated 26.2%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    40475 $440K

    Taxes & Financing

    Tax Rate (average for all types) 0.97%
    Property Tax per SF $5.99 per SF
    Tax Rate vs County Average 0.02 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Madison County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Madison County

    Residential Income

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