Richmond KY Mixed-Use Property | B-1 Commercial Zoning | Office & Residential Potential

Highlights:

• Richmond KY Mixed-Use Commercial Property for Sale
• B-1 Commercial Zoning + Grandfathered Residential Use
• $104,500 Asking Price | 784 SF Building | 0.21-Acre Lot
• Value-Add Investment, Owner-User & Redevelopment Opportunity
• Vacant 2-Bedroom / 1-Bath Property Ready for Renovation
• East Main Street Location Near Downtown Richmond, Kentucky
• Office, Professional Services & Residential Potential
• Potential Office, Professional Services & Residential Uses

Description:

1303 E Main Street presents a value-add mixed-use commercial real estate opportunity in Richmond, Kentucky. Offered at $104,500, this approximately 784-square-foot property is situated on a 0.21-acre lot along East Main Street near downtown Richmond in Madison County, KY. Zoned B-1 commercial with grandfathered residential use, the property offers a unique combination of commercial, office, investment, owner-user, redevelopment, and residential potential.

The existing one-story building is currently configured as a 2-bedroom, 1-bath residence and is vacant and ready for renovation. Its size, location, commercial zoning, and existing residential configuration create an opportunity for investors, entrepreneurs, small business owners, owner-users, renovators, and buyers seeking an affordable commercial property in Richmond, KY.

Potential uses may include office, professional services, small-business occupancy, or other uses permitted under the City of Richmond B-1 zoning classification. Any commercial conversion, redevelopment, parking improvements, or change in use is subject to applicable zoning requirements, permitting, and governmental approval.

The property also offers the flexibility of continued residential use. Richmond Planning & Zoning has confirmed that the existing home has been continuously used as a residence and may continue to be used residentially under its grandfathered use. This combination of B-1 commercial zoning and grandfathered residential use distinguishes the property from a traditional residential or commercial listing and may provide multiple potential ownership strategies.

Located along E Main Street with convenient access to downtown Richmond, the property is less than two blocks from the Telford Community Center YMCA. The 0.21-acre shaded lot provides outdoor space and potential for additional property improvements.

For buyers searching for Richmond KY commercial real estate, Madison County investment property, mixed-use property for sale, office property, owner-user real estate, value-add commercial property, redevelopment opportunities, or commercial-zoned property with residential flexibility, 1303 E Main Street offers a distinctive opportunity at an accessible price point.

Buyer to independently verify zoning, permitted uses, grandfathered residential status, square footage, acreage, schools, utilities, parking possibilities, permitting requirements, and suitability for buyer's intended use.

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