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Property profile & analytics

500 Big Hill Ave Richmond, KY 40475

  • Commercial real estate
  • 1,138 SF
Value Estimation
Location Intelligence
Property ID
US34-1329245
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Commercial real estate

Property Details for 500 Big Hill Ave

Property size
1,138 SF
Property type
Commercial real estate
APN
R011-0006-0001
APU
R01100060001

Description

This exceptional commercial property at 500 Big Hill Avenue in Richmond, KY presents a unique investment opportunity. The 1,707 square foot building, situated on a 0.3-acre lot, boasts a highly visible location with thousands of vehicles passing daily, ensuring maximum exposure for your business. Zoned B-3, the property is suitable for a variety of uses, including office, retail, or mixed-use ventures. The building itself offers ample space for workstations, meeting areas, and other business needs. Exterior updates completed in 2019 include new vinyl siding, roof, and windows, ensuring long-term value and low maintenance. A significant advantage is the inclusion of a large, heated 1,170 square foot metal garage, perfect for equipment storage or vehicle parking. Further enhancing the property's appeal is a separately deeded lot behind the garage, providing ample on-site parking for employees and clients. Inside, a gas hookup and fireplace add comfort and ambiance to the office space. The property's strategic location is another key selling point, being just 1.3 miles from Eastern Kentucky University and a short 5-minute drive to Interstate 75, with the eastern bypass only a half-mile away. This combination of functionality, visibility, and convenient location makes this an ideal investment for businesses seeking a thriving and accessible space. The asking price is $355,000.

Value Estimation

Powered by Realmo proprietary methodology Last update: July 3, 2025
  • CAP approach

  • Comparable approach

  • Alternative Use

Location Insight

  • Map
  • Local Demand
City
Richmond
County
Madison
State
Kentucky
Longitude
-84.2808
Latitude
37.7378
CBSA code
40080
CBSA name
RICHMOND-BEREA, KY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$786
$0.00
$0.00
$81,000
-
$0.00
$0.00
$81,000
More about this property
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