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Multi Use Re-Development Opportunity - Downtown Richmond KY

$329,000

116 N 3rd Street, Richmond, KY 40475

Active
Last Updated: 10/19/2026

3,300 sqft

Building Size

0.12 acres

Lot Area

Details:
Building Size:    3,300 sqft
Lot Area:    0.12 acres
Class:    C
Units:    3
Floors:    3
Highlights:
  • 3,300 SF opportunity to be Apartments, Office or Boutique Retail
  • Downtown B-2 zoning, surface metered parking only
  • 1 Block to Main Street
  • Easy walk to Coffee, and Retail Shops, City Hall, County offices, businesses
  • EKU Campus is just 3 blocks away
Description:

SVN | Stone Commercial Real Estate is pleased to present for sale....a project opportunity in downtown Richmond. This property recently was four apartments and has been through demo with new windows added, painted, and exterior concrete work completed. It is ready for the next phase of ownership to take it to an office, boutique retail or back to an apartment use. Owner occupant to investors, all come take a look at this opportunity. Schedule a tour with Neal Metcalfe, Senior Advisor, 859-312-8069 or neal.metcalfe@svn.com.

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.

Map:
Documents:
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Brochure_-_116_N_3rd_Street.pdf
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Location
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