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    Property profile & analytics
    OFF-MARKET Estimated value $2,525,000
    Strip malls

    2008 Merchant Dr, Richmond, KY 40475-8188

    19,637 SF 1.25 ac lot
    Entity Owned ~ Est. High Equity
    Property ID
    US34-1456219
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Total area 19,637 SF
    Lot 1.25 ac (54,450 SF)
    APN 0068-008A-0004
    UPID US34-1456219
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • MERLE NORMAN COSMETICS STUDIO (Bike/Boat/Book/etc) Store Cosmetic Store
    • Kentucky Virtual Mailbox Business Service Center Postal Service
    • Family Allergy & Asthma - Richmond, KY Physician Medical Clinic
    • Brandi H. Dyer, MD Physician Medical Clinic
    • Sight $avers Family Eye Care Physician
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $2.53M
    Owner & transaction history
    Holly Enterprises LLC
    Holly Enterprises LLC
    since 2026
    Last sale
    $2.5M
    2 recorded transactions
    2026
    $3.3M
    2022
    $2.5M
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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