400-500 Eastern Byp Richmond, KY 40475
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.