740 Richmond Ave Nicholasville, KY 40356
- Industrial properties
- 2,728 SF
Current Use by Public Records
- PIT STOP / Gas Station
- RAADY DADDY / Gas Station / Grocery Store
- ATM (Prime Star) / Atm
- C&R Machine Shop / Machine Shop
Property Details for 740 Richmond Ave
- Property size
- 2,728 SF
- Property type
- Industrial properties
- Property subtype
- Industrial live-work properties
- APN
- 070-00-00-011.00
- APU
- 70000001100
Description
This exceptional commercial property, located at 740 Richmond Avenue in Nicholasville, Kentucky, presents a lucrative investment opportunity. The 0.33-acre lot houses an established convenience store with a history spanning decades of operation. The property is offered at $1,250,000. Owner financing is available, requiring a 50% down payment, a 20-year amortization schedule with a 12% annual interest rate, and a balloon payment due at the end of the fifth year (60th month). The existing convenience store building is well-maintained, featuring fiberglass fuel tanks, a roof replaced within the last three years, and a recently repaved parking lot (completed last year). This turnkey operation offers immediate income potential and significant long-term growth prospects. The property's strategic location in Nicholasville ensures high visibility and convenient access for customers. Serious inquiries only. Please refrain from contacting store employees regarding this sale. All inquiries should be directed through the appropriate channels. This is a rare opportunity to acquire a well-established business with significant upside potential in a thriving Kentucky market. The combination of a proven business model and attractive owner financing makes this an exceptional investment opportunity.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $250,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $180,000
- 6.5%
- $150,000
- 7%
- $170,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $200,000
- Geo Method
- $180,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $175,000
- Retail
- $165,000
- Mixed-Use
- $155,000
- Hospitality
- $170,000
- Educational
- $160,000
- Residential Income
- $190,000
- Energy
- $195,000
- Income-Based Land
- $145,000
- Food Service
- $170,000
Location Insight
- Map
- Local Demand
- City
- Nicholasville
- County
- Jessamine
- State
- Kentucky
- Longitude
- -84.5523
- Latitude
- 37.8829
- CBSA code
- 30460
- CBSA name
- LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA
