$585,000
1603 E Main Street, Richmond, KY 40475
- 0.71
- acres
- Mixed Use
- Property type
- 0.71 acres
- Lot size
Listing Description
Discover the possibilities with this versatile commercial property conveniently located near downtown Richmond, the Robert R. Martin Bypass, US-25, US-52, and Eastern Kentucky University. Offering excellent road frontage, a large parking area, and approximately (+/- 1.15) acres total, this property provides plenty of flexibility for a variety of business ventures. The main building, originally operated as a gas station, offers a unique layout featuring a front office/reception area and a spacious three-bay garage, making it well suited for automotive, service, retail, or other commercial uses. Adding to its character, the men's and women's restrooms have exterior entrances, consistent with the building's original gas station design and era. A separate 12' x 33' mobile office building provides additional workspace and includes an office area and convenient break area. Most recently, the property was utilized as a used car lot, and the expansive parking area and generous road frontage lend themselves well to similar or entirely new business concepts. The two buildings are situated on approximately (+/-0.71) acres, with an additional (+/-0.44) acre lot located behind the buildings included in the sale, offering added space and future potential. With its convenient Richmond location, ample parking, multiple buildings, garage space, and additional acreage, this property presents an exciting opportunity for an entrepreneur, investor, or growing business. Bring your vision—there are numerous business possibilities for this unique commercial property!
Listed by Keller Williams Legacy Group · yvettekelly55@gmail.com
MLS #26022250 · Listing provided by![]()
Shelby & Drake JohnsonFive Pillars Team · eXp Realty
Home Details
- Property type
- Mixed Use
- Lot size
- 0.71-acre lot
Interior
- 0 bathrooms
Property
- Mixed Use
- 0 sq ft
- 0.71-acre lot
Construction
- Heating: Electric
- Cooling: Heat Pump
Show all home details
Exterior & parking
- Parking features
- On Site, Paved
Utilities & comfort
- Heating
- Electric
- Cooling
- Heat Pump
Services Availability
- Internet
- Not reported
- Utilities
- Not reported
- Parking
- On Site, Paved
Property & Price History
| Date | Event | Price |
|---|---|---|
| Aug 16, 2026 | Listed for sale | $585,000 |
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Property Documents
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Estimate Your Monthly PaymentMonthly payment
Estimated monthlyEst. payment
$3,728/mo
30-year fixed · 6.75% assumed rate
- Principal & interest
- $3,035
- Taxes
- $522
- Other costs
- $171
- $585,000
- Home price
- 20% · $117,000
- Down payment
- 6.75%
- Interest rate
- 30 years
- Loan term
Payment Breakdown
- Principal & interest
- $3,035
- Estimated property taxes
- $522
- Home insurance
- $171
- HOA
- Not provided
- Utilities
- Not included
Estimate only. Utilities not included. HOA not provided.Illustrative estimate, not a loan offer. Taxes (1.07%/year) and insurance (0.35%/year) use assumptions; actual costs and available rates vary. HOA is not included because its monthly amount is unavailable.
Adjust Payment Details
Payment Breakdown
- Principal & interest
- $3,035
- Estimated property taxes
- $522
- Home insurance
- $171
- HOA
- Not provided
- Utilities
- Not included
Illustrative estimate, not a loan offer. Taxes (1.07%/year) and insurance (0.35%/year) use assumptions; actual costs and available rates vary. HOA is not included because its monthly amount is unavailable.
Travel Times and Accessibility
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- Walk Score
- —
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- Bike Score
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Assigned Schools
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Shelby & Drake JohnsonFive Pillars Team · eXp Realty