PRICE REDUCED! Richmond - Industrial Flex Warehouse For Sale or For Lease

145 N Estill Avenue Richmond, KY 40475

145 N Estill Avenue , Richmond, KY, 40475
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FOR SALE FOR LEASE
Property Type:
Industrial
Amount:
$675,000
Last Verified:
Nov 04, 2024

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Highlights


Description

SVN | Stone Commercial Real Estate is excited to bring to market a rare I-2 Industrial property, A 5,856 SF flex warehouse space in Richmond, KY. This property is located near downtown Richmond in a pocket of I-2 zoning, is less than 4 years old, with several amenities for an investor or owner occupant. Each approx 2,900 sf unit has its own 12' x 14' grade level door, and main glass door access. The current space has two groups, one private Soccer instruction with some lease term, and the other side is occupied by the owner who could lease back for a period, or both could likely vacate for an owner occupant.

Contact Neal Metcalfe 859-312-8069 or neal.metcalfe@svn.com to schedule a tour or any questions.

SVN | Stone Commercial Real Estate is excited to bring to market a rare I-2 Industrial property, A 5,856 SF flex warehouse space in Richmond, KY. This property is located near downtown Richmond in a pocket of I-2 zoning, is less than 4 years old, with several amenities for an investor or owner occupant. Each approx 2,900 sf unit has its own 12' x 14' grade level door, and main glass door access. The current space has two groups, one private Soccer instruction with some lease term, and the other side is occupied by the owner who could lease back for a period, or both could likely vacate for an owner occupant.

Contact Neal Metcalfe 859-312-8069 or neal.metcalfe@svn.com to schedule a tour or any questions.

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.


Year Built: 2018
Building Size: 5856sq ft
Lot Size: 0.57 acres


Documents

Floor Plan - 145 N Estill Avenue
Site Plan - 145 N Estill Avenue
Brochure - 145 N Estill Avenue
SVN Brochure - 145 N Estill.pdf

Units for Lease

Industrial Flex Warehouse
Space Available: 5856 SF
Lease Type: Modified Gross

Price Per Sqft/Year: $11.87

Map of 145 N Estill Avenue , Richmond, KY, 40475

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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:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.