44,760 SF Retail Shopping Center For Sale
$4,200,000
944–978 Commercial Drive & 942–958 Spanish Grove Drive, Richmond, KY 40475
44,760 sqft
Building Size
B
Class
Details:
Highlights:
- HIGH-TRAFFIC CORRIDOR LOCATION: Fronts the Eastern By-Pass with 31,400 VPD in Richmond, Kentucky.
- THREE-PARCEL RETAIL CENTER: Multi-tenant plaza spanning 944–978 Commercial Drive and 942–958 Spanish Grove Drive.
- KENTUCKY'S FASTEST-GROWING CITY: Richmond led all Kentucky cities in growth from 2020 to 2025, up 15% to more than 40,000 residents.
- UNIVERSITY-ANCHORED ECONOMY: Eastern Kentucky University enrolled 16,000 students in Fall 2025, the third-largest public university in Kentucky.
Description:
SVN | Stone Commercial Real Estate is pleased to present Southern Hills Plaza, a multi-tenant retail shopping center at 944–978 Commercial Drive and 942–958 Spanish Grove Drive. The property is positioned in the heart of Richmond, Kentucky, which ranked first among Kentucky cities for growth from 2020 to 2025. Nearby anchors include Eastern Kentucky University, the Richmond Mall, Walmart, and Kroger.
With frontage on the Eastern By-Pass, which carries 31,400 VPD, the site offers easy access, ample parking, and strong visibility in one of the city’s most popular retail nodes.
Please contact Weston Lockhart / 859.317.3538 / weston.lockhart@svn.com, Nathan Dilly / 859.420.5492 / nathan.dilly@svn.com, or Caleb Cleveland / 859.556.4857 / caleb.cleveland@svn.com for more information.
Richmond is centrally located and is south of Lexington on the I-75 corridor. Richmond is one of the fastest growing areas in Kentucky. Several identifiable factors contribute to this growth, such as easy interstate access, proximity to Lexington, lower cost of housing, good employment base, regional university, and cultural and educational opportunities. Richmond tied for the 30th in the Top Micropolitans in the nation for new and expanded industry activity in 2010. The City of Richmond is currently the 7th most populous in Kentucky, up from 11th largest in the 2000 census and is the home of Eastern Kentucky University with approximately 17,000 students. Historic downtown Richmond is one of the finest 19th century commercial districts in the Southeast and is a unique blend of small town warmth and friendliness while still having access to the advantages of a big city.
Documents:
| Title | ||
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| Brochure_-_944-978_Commercial_Dr.pdf |
Location
Gallery
