43000 SF Warehouse For Sale or Lease - Richmond KY

509 N 3rd St Richmond, KY 40475

Richmond
FOR SALE FOR LEASE
Property Type:
Other Land
Amount:
$4,200,000
Last Verified:
Nov 05, 2024

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Highlights


Description

SVN Stone Commercial Real Estate is pleased to present this rare 43,000 SF industrial property in Richmond, featuring excess yard space. The property is currently undergoing a complete renovation from its previous use. Original structural steel is being upgraded with a new metal roof, gutters, walls, a large drive-in door, a dock, and includes an adjacent excess acre yard and a small covered parking lot. The combined properties at 509, 601 N 3rd St, and 235 Broadway Avenue total 3.044 acres, including the building. Expected completion is September 2024.

Contact Neal Metcalfe Senior Advisor at 859.312.8069 or neal.metcalfe@svn.com for more information

SVN Stone Commercial Real Estate is pleased to present this rare 43,000 SF industrial property in Richmond, featuring excess yard space. The property is currently undergoing a complete renovation from its previous use. Original structural steel is being upgraded with a new metal roof, gutters, walls, a large drive-in door, a dock, and includes an adjacent excess acre yard and a small covered parking lot. The combined properties at 509, 601 N 3rd St, and 235 Broadway Avenue total 3.044 acres, including the building. Expected completion is September 2024.

Contact Neal Metcalfe Senior Advisor at 859.312.8069 or neal.metcalfe@svn.com for more information

Richmond is centrally located and is south of Lexington on the I-75 corridor. Richmond is one of the fastest growing areas in Kentucky. Several identifiable factors contribute to this growth, such as easy interstate access, proximity to Lexington, lower cost of housing, good employment base, regional university, and cultural and educational opportunities. Richmond tied for the 30th in the Top Micropolitans in the nation for new and expanded industry activity in 2010. The City of Richmond is currently the 7th most populous in Kentucky, up from 11th largest in the 2000 census and is the home of Eastern Kentucky University with approximately 17,000 students. Historic downtown Richmond is one of the finest 19th century commercial districts in the Southeast and is a unique blend of small town warmth and friendliness while still having access to the advantages of a big city.

Lot Size: 3.0 acres


Documents

SVN Brochure - 509 N 3rd Street-compressed.pdf

Units for Lease

Richmond 43,000 SF Industrial For Sale or For Lease
Space Available: 130680 SF
Lease Type: NNN

Price Per Sqft/Year: $7.00

Map of 509 N 3rd St, Richmond, KY, 40475

Presented by:
SVN | Stone Commercial Real Estate Advisors

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Neal Metcalfe


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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

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