1305 Lancaster Rd

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1305 Lancaster Rd

Richmond, KY 40475
Asking Price
$475K
Asset Type
Special-purpose
Class
Class B

AI Property Summary

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

  • Special-purpose property located at 1305 Lancaster Rd in Richmond
  • Asset offered for sale at an asking price of $475,000
  • Flexible facility designed to accommodate business and residential uses
  • Situated in the growing suburban landscape of the Richmond area
  • Versatile floor plan allows for various commercial or housing operations

What's Special

Priced at $475,000, this special-purpose property at 1305 Lancaster Rd in Richmond, Kentucky, provides a flexible footprint for varied investment goals. The building functions as a mixed-use facility, catering to owners seeking a combination of commercial business space and residential utility. Situated in the growing suburban market of Richmond, the asset benefits from the regional connectivity offered by the local transit network and proximity to major thoroughfares in the Bluegrass area. The surrounding area supports a diverse economic base, making this an accessible location for a range of professional or residential operations. Investors and business owners can leverage the adaptable layout to suit specific organizational needs. Whether establishing a new boutique business or utilizing the building for hybrid residential applications, the property presents a functional solution for those looking to expand their real estate holdings in Madison County. Its distinct architecture and positioning allow for a variety of use cases, maintaining utility for business owners or those seeking a mixed-use investment asset in this region.

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NOI
$80,000
Cap Rate
16.84%
DSCR
2.84
Strong
Cash-on-Cash
36.35%
Monthly Payment
$2,350.041
Annual Cash Flow
$51,799.51

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