205 Geri Ln - Office/Residential FOR SALE


Richmond, KY 40475
$480,000 USD
859-624-1440
205 Geri Ln, Richmond, KY for Sale
$480,000 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

Well maintained mixed use commercial building for sale with 5,140 of usable space and excellent parking for each unit. Location is excellent very close to the highly trafficked and dense in commercial Eastern Bypass, I75, and EKU. Zoned B-3 with 6 leasable units total. 1st floor professional office with 2,570 s.f. leased until 10/01/2026. This area can occupy 2 tenants but at present is leased to one occupant. Front parking and first floor entry for professional office space (Currently leased to Eye Care Center: lobby, 2 reception areas, 3 offices, 3 examining rooms, good storage, 3-1/2 bathrooms w/luxury LVT flooring in entrance/baths/utility closet)). 4 additional 1 bedroom, 1 bathroom apartments with back entry (2,570 s.f. which includes common area hallway). Each apartment has separate circuit breaker boxes, heat pump, water heaters. The building has been well cared for and upgraded through the years. Recent upgrades to apartments: painted 11/24, new carpet 2024, 4 yr old (approx) kitchen cabinets/appliances/counters. Exterior brick painted 11/24, exterior side wall installed 2022. Sewer pipe relined, all 1st floor relined cast iron piping, all 1st floor bathrooms have pvc, 1st floor-2 heat pumps (2022,2024). 2nd floor--2 of 4 waters heaters new in 2022. Side alley on this property. No sign on property. All information provided by Seller. Lines on photos approximate; refer to survey for exact.

FOR SALE DETAILS

PRICE

$480,000 USD

PRICE/SF

$93 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 Notice.