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Property profile

400-500 Eastern Byp Richmond, KY 40475

OFF-MARKET
Lifestyle centers
48,980 SF Built 1974
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Property summary

AI-generated overview

Shoppers Village of Richmond, located at 400-500 Eastern Bypass in Richmond, Kentucky, presents a unique opportunity for businesses seeking retail, office, or restaurant space. This established shopping center, totaling 48,980 square feet, offers multiple tenancy options with a minimum divisible space of 1,800 square feet and a maximum contiguous space of 6,000 square feet. Currently, 15,600 square feet of space is vacant, providing flexibility for various business needs. Built in 1974, the property sits on a generous 8.5-acre lot and includes ample parking with 400 spaces. Its convenient location, just one block from Eastern Kentucky University (with over 14,000 students), ensures high visibility and foot traffic. The property is zoned C, making it suitable for a range of commercial uses. This Madison County property offers a strong investment opportunity in a vibrant community. Available spaces range from 2,350 to 4,600 square feet, with the potential for leasing the entire 48,980 square feet. The property's size, location, and ample parking make it an ideal choice for businesses seeking a prominent presence in Richmond, Kentucky. Contact us today to learn more about this exceptional commercial property.

Property profile

Verified
Property type Lifestyle centers
Year built 1974
Total area 48,980 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

400-500 Eastern Byp Richmond, KY 40475
Richmond metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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