$2,300,000
Price cut: $350K241 Eastern Bypass, Richmond, KY 40475
- 5,667
- sqft
- 1.14
- acres
- Business
- Property type
- 2010
- Year built
- 1.14 acres
- Lot size
- $406
- Price / sq ft
Listing 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.
Listed by Rector Hayden Realtors · misty@rhr.com
MLS #26015525 · Listing provided by
Shelby & Drake JohnsonFive Pillars Team · eXp Realty
Home Details
- Property type
- Business
- Year built
- Built in 2010
- Lot size
- 1.14-acre lot
- Price / sq ft
- $406 / sq ft
Interior
- 0 bathrooms
Property
- Business
- 5,667 sq ft
- 1.14-acre lot
Construction
- Built in 2010
- Heating: Electric
- Cooling: Electric
Show all home details
Exterior & parking
- Parking features
- On Site, Paved
Utilities & comfort
- Heating
- Electric
- Cooling
- Electric
Services Availability
- Internet
- Not reported
- Utilities
- Not reported
- Parking
- On Site, Paved
Property & Price History
| Date | Event | Price |
|---|---|---|
| Jun 30, 2026 | Listed for sale | $2,650,000 |
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Property Documents
See what the sellers have done to the property and what known issues they disclose.
Estimate Your Monthly PaymentMonthly payment
Estimated monthlyEst. payment
$14,656/mo
30-year fixed · 6.75% assumed rate
- Principal & interest
- $11,934
- Taxes
- $2,051
- Other costs
- $671
- $2,300,000
- Home price
- 20% · $460,000
- Down payment
- 6.75%
- Interest rate
- 30 years
- Loan term
Payment Breakdown
- Principal & interest
- $11,934
- Estimated property taxes
- $2,051
- Home insurance
- $671
- 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
- $11,934
- Estimated property taxes
- $2,051
- Home insurance
- $671
- 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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High School
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Shelby & Drake JohnsonFive Pillars Team · eXp Realty