1028 Merrick

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1028 Merrick

Richmond, KY 40475
Asking Price
$335K
Asset Type
Mixed-use
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • The property is available for purchase at $335,000.
  • This asset is located in Richmond, Kentucky 40475.
  • The site is designated as a mixed-use commercial asset.
  • Richmond supports a diverse economy anchored by local institutions.
  • The location offers connectivity to major regional transit routes.

What's Special

Priced at $335,000, this mixed-use asset sits at 1028 Merrick in Richmond, Kentucky. The property presents a flexible layout suitable for investors or business owners looking to establish a footprint in the Madison County area. Richmond serves as a significant hub within the Bluegrass region, supported by the proximity of Eastern Kentucky University and a consistent local economic base. The site offers accessibility to regional transportation corridors, facilitating movement across the surrounding submarket. Given the mixed-use designation, this location accommodates a variety of functional configurations for prospective tenants or operators. Entrepreneurs and investors should consider the utility of this space for commercial retail operations, office configurations, or potential residential integration depending on municipal zoning allowances. The property's central placement within Richmond provides steady visibility in a growing community that maintains a balance of academic, professional, and residential activity.

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NOI
$80,000
Cap Rate
23.88%
DSCR
4.02
Strong
Cash-on-Cash
59.81%
Monthly Payment
$1,657.397
Annual Cash Flow
$60,111.233

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