205 Geri Ln - Office/Residential FOR SALE


Richmond, KY 40475
$530,000 USD
859-624-1440
205 Geri Ln, Richmond, KY for Sale
$530,000 USD
Office/Residential - FOR SALE
1/21
null | Request Cap Rate

205 Geri Ln
Richmond, KY 40475


HIGHLIGHTS

  • Multi Use Office Building with 2-1st floor Office Spaces plus 4 - 1 Bedroom 1 Ba Apartments close to EKU both with great parking.

OVERVIEW

PRICE BELOW APPRAISAL & EXCELLENT INVESTMENT PROPERTY! Well maintained Office Building for sale in desirable high density commercial area very close to the Eastern Bypass, EKU, Barnes Mill Rd residential areas, I75 Exit 87. 5,140 2 story building on with more than ample parking. Zoned B-3, this investment property has 6 units including 4 upstairs 1 bedroom, 1 bathroom, apartments with back entrance and hallway in between. 2 commercial rental units on 1st floor presently leased to Eye car center and this lease expires on 10/1/2026 (if tenant takes last year option to lease 3/1/26). Tenant occupying both units pays 1820/mo plus electric. 1st floor 3- 1/2 bathrooms, 3 examining rooms, office, lobby, 2 reception areas, 2 addtl offices, good storage. Upstairs (back entrance access only) 4-1br 1 ba & kitchen/den w/ nice lvt flooring entrance & hall carpet. Hall painted 11/24. Each unit has own circuit breaker box & pays own electric. Landlord pays water and sewer. New carpet summer 2024 in all 4 units, cabinets, appliances, counters in each kitchen replaced 4 yrs ago about. No washer/dryer at present but could be added on 1st floor back storage room to share. Excellent parking sewer pipe was relined, all downstairs relined cast iron pipes, downstairs bathrooms have pvc pipes, roof is rubber, 5 parking spaces in back for apartment entrance, drive to back a part of this property. right brick wall as you look at front is owned by this property and installed in recent years. Built in the early 1970's & survey says 1973 so seller believes built in 1973; current owner has owned 33 years. There is no sign on property.

FOR SALE DETAILS

PRICE

$530,000 USD

PRICE/SF

$103 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,030 SF

ZONING

B-3

APN/PARCEL ID

R002-0011-0001

ASK ABOUT THIS PROPERTY

Stacey KellyCentury 21 Advantage RealtyMore Info
859-624-1440

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Stacey KellyCentury 21 Advantage RealtyMore Info
859-624-1440

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.