$2,300,000
( $405.86Per Sq Foot )
$13,059 est/mo Sourced by Back At You241 Eastern Bypass,Richmond, KY 40475
Richmond, KY 40475
Description
HIGH TRAFFIC UNIVERSITY CITY-PRIME COMMERCIAL/ RESTAURANT - NNN LEASE - 6.86% CAP Impeccably and very recently renovated restaurant. The property is leased on a triple net basis to Parlour Pizza, a growing regional restaurant operator with multiple locations in Kentucky and Indiana. High visibility directly off I-75 (appx 65,000 VPD) on the Eastern Bypass (major commercial corridor, appx 30,000 VPD) Surrounded by national retailers, hotels and student housing, this property benefits from strong local and visitor traffic, making it a prime location. NOI first 5 years is $158,000, 5 5-year options, 10% rent increase with each 5 year option.
Details
| MLS # | 26015525 |
|---|---|
| Listing Type | For Sale |
| Style | Business |
| Sub-Type | Resale |
| Status | Active |
| Year | 2010 |
| Days On Site | 86 |
| Listing Provided By | Rector Hayden Realtors | Beth Bell Brown |
Features
| SQ Feet | 5,667 |
|---|---|
| Building(s) | 1 |
| Zoning | Other |
| Acreage | 1.14 |
Interior
| Cooling | Electric |
|---|---|
| Heating | Electric |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
Exterior
| Construction Materials | Brick, Wood Siding |
|---|
Parking
| Attached Garage Yes / No | No |
|---|---|
| Parking Features | On Site, Paved |
Utilities
| Utilities | Electricity Connected, Sewer Connected, Water Connected |
|---|---|
| Sewer | Public Sewer |
Area Information
| State | KY |
|---|---|
| County | Madison |
| City | Richmond |
| Zip Code | 40475 |
| Area | 008 Madison County |
| Subarea | Madison County |
| Community Name | Eastern Bypass |
| Listing VS Median (in Eastern Bypass) | |
Price: $2,300,000 low | high Med: $2,050,000 sqft: 5,667 low | high Med: 10,974 $ / sqft: $406 low | high Med: $258 On site: 86 low | high Med: 229 | |
Market Activity 40475
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Learn More About This Property
| State | KY |
|---|---|
| County | Madison |
| City | Richmond |
| Zip Code | 40475 |
| Area | 008 Madison County |
| Subarea | Madison County |
| Community Name | Eastern Bypass |
| Listing VS Median (in Eastern Bypass) | |
Price: $2,300,000 low | high Med: $2,050,000 sqft: 5,667 low | high Med: 10,974 $ / sqft: $406 low | high Med: $258 On site: 86 low | high Med: 229 | |
Listing Updated: September 1, 2026 at 3:01:12 PM PDT
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© 2026 Coldwell Banker McMahan. All Rights Reserved. Coldwell Banker® and the Coldwell Banker Logo are registered service marks owned by Coldwell Banker Real Estate LLC. Coldwell Banker McMahan fully supports the principles of the Fair Housing Act and Equal Opportunity Act. Each franchise is independently owned and operated. Any services or products provided by independently owned and operated franchises are not provided by, affiliated with or related to Coldwell Banker Real Estate LLC nor any of its affiliated companies.
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