2008 Merchant Dr Richmond, KY 40475-8188
- Strip malls
- 19,637 SF
- 1.25 lot acres
Current Use by Public Records
- MERLE NORMAN COSMETICS STUDIO / Beauty Supply Store / Beauty Salon
- Kentucky Virtual Mailbox / Mailbox Rental Service / Virtual Office Rental
- Family Allergy & Asthma - Richmond, KY / Allergist
- Brandi H. Dyer, MD / Allergist
- Sight $avers Family Eye Care / Optometrist
Property Details for 2008 Merchant Dr
- Lot size
- 1.25 lot acres
- Property size
- 19,637 SF
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 0068-008A-0004
- APU
- 0068008A0004
Description
This exceptional 1,500 square foot retail space is located at 2008 Merchant Drive in Richmond, Kentucky, zip code 40475. The property is a single-story building within a larger retail center, offering high visibility and accessibility from a major thoroughfare. Currently configured as office space, this versatile unit presents a fantastic opportunity for a variety of retail businesses. The space is part of a multi-tenant building, zoned B-3, providing ample opportunity for synergy with neighboring businesses. Recent upgrades to the exterior of the center have enhanced its curb appeal, and new management is in place, ensuring a well-maintained and professionally managed environment. The surrounding area boasts a diverse range of businesses, including healthcare, financial services, and beauty salons, creating a strong customer base and high foot traffic. This prime location offers excellent potential for a thriving retail operation. The property is readily available for lease and is ready for immediate occupancy. Interested parties should inquire for lease terms and conditions.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,755,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,380,000
- 6.5%
- $2,785,000
- 7%
- $2,405,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,870,000
- Geo Method
- $2,210,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $3,015,000
- Retail
- $2,810,000
- Mixed-Use
- $2,795,000
- Hospitality
- $2,410,000
- Educational
- $2,840,000
- Residential Income
- $2,300,000
- Energy
- $2,285,000
- Income-Based Land
- $2,425,000
- Food Service
- $2,365,000
Location Insight
- Map
- Local Demand
- City
- Richmond
- County
- Madison
- State
- Kentucky
- Longitude
- -84.2697
- Latitude
- 37.7539
- CBSA code
- 40080
- CBSA name
- RICHMOND-BEREA, KY MICROPOLITAN STATISTICAL AREA
