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20993304
20993305

238 E Main St, Richmond, KY 40475

AB
NY 10491212878
Coldwell Banker Commercial AMH
Listed by Coldwell Banker Commercial AMH
$999,999
538 days on market
Updated 38 days ago

238 E Main St Richmond KY 7 Unit Shopping Center

Details
Property Type Retail
Sub Type Shopping Center
Square Footage 16,028
Units 7
Cap Rate 6.58%
NOI $65,832
Occupancy 100%
Tenancy Multi
Lease Type Modified
Remaining Term 3
Class B
Year Built 1930
Year Renovated 2015
Buildings 1
Stories 1
Lot Size (SqFt) 33,278
Zoning B2
Parking Spaces spaces
Ownership 100%

7 Unit shopping Center for sale

Marketing description

Introducing Richmond Plaza at 238 E Main St, Richmond, KY 40475! This prime strip center is a historical gem with 7 units and strong income potential. Built in 1930, its rich local history and prime Main Street location offer a unique investment opportunity in the heart of Richmond's downtown core. With a total area of 33,278 sq. ft. and annual income of $76,080, this property ensures steady cash flow and value-add potential. The property's B2 zoning allows for a diverse tenant mix, attracting high foot traffic and ensuring high visibility. Don't miss this chance to own a piece of Richmond's commercial history in a thriving business district. Contact us at Coldwell Banker Commercial AMH for more information on this historical asset with strong income potential.

Listing Contacts

AB
NY 10491212878
Coldwell Banker Commercial AMH
Listed by Coldwell Banker Commercial AMH

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$65,832.00
$5,486.00/mo

Valuation Metrics

0
DSCR
6.58%
Cap Rate
6.58%
ROI

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