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205 Geri Lane

Richmond, KY 40475
  • $530,000
  • STATUS: Active
  • ON SITE: 11 Days
  • MLS #: 25013749
UPDATED: 42 min ago
$530,000
  • 0
    BEDS
  • 0.24
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,140
    SQFT
  • $103
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1973
County:

School Ratings & Info

Description

PRICE BELOW APPRAISAL & EXCELLENT INVESTMENT PROPERTY! Well maintained Office Building for sale in desirable high density commercial area very close to the Eastern Bypass, EKU, Barnes Mill Rd residential areas, I75 Exit 87. 5,140 2 story building on with more than ample parking. Zoned B-3, this investment property has 6 units including 4 upstairs 1 bedroom, 1 bathroom, apartments with back entrance and hallway in between. 2 commercial rental units on 1st floor presently leased to Eye car center and this lease expires on 10/1/26 which includes option for last year 10/1/25-26)). Tenant occupying both units pays 1820/mo plus electric. 1st floor 3- 1/2 bathrooms, 3 examining rooms, office, lobby, 2 reception areas, 2 addtl offices, good storage. Upstairs (back entrance access only) 4-1br 1 ba & kitchen/den w/ nice lvt flooring entrance & hall carpet. Hall painted 11/24. Each unit has own circuit breaker box & pays own electric. Landlord pays water and sewer. New carpet summer 2024 in all 4 units, cabinets, appliances, counters in each kitchen replaced 4 yrs ago about. No washer/dryer at present but could be added on 1st floor back storage room to share. Excellent parking

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The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Bluegrass REALTORS® Multiple Listing Service. Real estate listings held by IDX Brokerage firms other than The Lane Team | Bluegrass Sotheby's International Realty are marked with the IDX logo and detailed information about them includes the name of the listing IDX Brokers. Information is deemed reliable but is not guaranteed accurate by the MLS or listing broker.

www.laneteamky.com/homes/165306680
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205 Geri Lane Richmond, KY 40475

  • Price: $530,000
  • Status: Active
  • On Site: 11 Days
  • Updated: 42 min ago
  • MLS #: 25013749
0
Beds
0
Baths
0
½ Baths
0.24
Acres
5,140
SQFT
$103
$/SQFT
1973
Built
Neighborhood:
College Park
County:
Madison
Area:
Madison County
Property Description
PRICE BELOW APPRAISAL & EXCELLENT INVESTMENT PROPERTY! Well maintained Office Building for sale in desirable high density commercial area very close to the Eastern Bypass, EKU, Barnes Mill Rd residential areas, I75 Exit 87. 5,140 2 story building on with more than ample parking. Zoned B-3, this investment property has 6 units including 4 upstairs 1 bedroom, 1 bathroom, apartments with back entrance and hallway in between. 2 commercial rental units on 1st floor presently leased to Eye car center and this lease expires on 10/1/26 which includes option for last year 10/1/25-26)). Tenant occupying both units pays 1820/mo plus electric. 1st floor 3- 1/2 bathrooms, 3 examining rooms, office, lobby, 2 reception areas, 2 addtl offices, good storage. Upstairs (back entrance access only) 4-1br 1 ba & kitchen/den w/ nice lvt flooring entrance & hall carpet. Hall painted 11/24. Each unit has own circuit breaker box & pays own electric. Landlord pays water and sewer. New carpet summer 2024 in all 4 units, cabinets, appliances, counters in each kitchen replaced 4 yrs ago about. No washer/dryer at present but could be added on 1st floor back storage room to share. Excellent parking
Exterior Features

Construction Materials BrickOther Parking 11 - 20 Spaces Roof Rubber Stories Two

Interior Features

Ceiling DroppedDrywall Floor Type Partially CarpetedVinylTile/Brick Number Of Floors Serviced 2 Number Of Womens Restrooms 43 Sprinklers None Usable Square Footage 5140

Property Features

Business Type MixedOtherProfessional/Office Current Zoning B-3 Electricity Location 1st floor utility rm & each apt Lease Type GrossMixed Possession Close of EscrowSubject To Tenant Rights Sale Lease Includes Land Sewer Public Sewer Tax Rate .010791 Tenant Pays Electricity

Bluegrass REALTORS® logo Listing provided courtesy of Stacey A Kelly of CENTURY 21 Advantage Realty: (859) 624-5488 . Listing information © 2025 Bluegrass REALTORS® Multiple Listing Service. All rights reserved.


The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Bluegrass REALTORS® Multiple Listing Service. Real estate listings held by IDX Brokerage firms other than The Lane Team | Bluegrass Sotheby's International Realty are marked with the IDX logo and detailed information about them includes the name of the listing IDX Brokers. Information is deemed reliable but is not guaranteed accurate by the MLS or listing broker.

 
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The Lane Team | Bluegrass Sotheby's International Realty
1999 Richmond Rd., Ste. 400
Lexington KY, 40502