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351-365 Big Hill Ave - 351-365 Big Hill Ave, Richmond, KY 40475-2011 1.2 Acres of Commercial Land Offered at $699,000 in Richmond, KY 40475
Investment Highlights
- There are 3 vacant lots in addition to the net operating income for future development that front two separate streets for great ingress and egress.
Executive Summary
The property includes existing improvements, providing optionality for interim use, repositioning, or future redevelopment. Surrounded by a mix of residential and commercial growth, the area continues to see ongoing activity and investment.
Ideal for investors, developers, or owner-users seeking a property with long-term potential in an established and expanding market.
Financial Summary (Actual - 2025) |
Annual | Annual Per AC |
|---|---|---|
| Gross Rental Income |
$25,200
|
$21,000.00
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$25,200
|
$21,000.00
|
| Taxes |
$2,180
|
$1,816.67
|
| Operating Expenses |
$1,483
|
$1,235.83
|
| Total Expenses |
$3,663
|
$3,052.50
|
| Net Operating Income |
$21,537
|
$17,947.50
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $25,200 |
| Annual Per AC | $21,000.00 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income | |
|---|---|
| Annual | $25,200 |
| Annual Per AC | $21,000.00 |
| Taxes | |
|---|---|
| Annual | $2,180 |
| Annual Per AC | $1,816.67 |
| Operating Expenses | |
|---|---|
| Annual | $1,483 |
| Annual Per AC | $1,235.83 |
| Total Expenses | |
|---|---|
| Annual | $3,663 |
| Annual Per AC | $3,052.50 |
| Net Operating Income | |
|---|---|
| Annual | $21,537 |
| Annual Per AC | $17,947.50 |
Property Facts
1 Lot Available
Lot 8-12
| Price | $699,000 | Lot Size | 1.20 AC |
| Price Per AC | $582,500.00 |
| Price | $699,000 |
| Price Per AC | $582,500.00 |
| Lot Size | 1.20 AC |
Prime 1.20-acre commercial assemblage in a high-traffic corridor with strong visibility and road frontage on two streets. Zoned for a wide range of uses, offering flexibility for redevelopment, investment, or end-user opportunities in a growing area.
Description
Rare opportunity to acquire a multi-parcel assemblage (Lots 8-12) in a high-traffic, high-growth corridor. Zoned B-3, this property offers maximum flexibility for a wide range of commercial uses, making it ideal for developers, investors, and end users seeking visibility and accessibility. Multiple contiguous lots (8-12), excellent road frontage on Big Hill Avenue through to Altamont St, high-traffic location with strong visibility, two existing structures provide income or redevelopment potential, utilities available, and surrounded by residential density and established businesses. Ideal for a drive-thru restaurant or coffee concept, retail strip center, automotive or service-based business, office or medical development, or a multi-use commercial project. B-3 opportunities with this layout and frontage are rare in Richmond.
Property Taxes
| Parcel Numbers | Total Assessment | $211,000 | |
| Land Assessment | $0 | Annual Taxes | $2,180 |
| Improvements Assessment | $0 | Tax Year | 2025 |
Property Taxes
Contact the Sale Advisor
351-365 Big Hill Ave - 351-365 Big Hill Ave, Richmond, KY 40475-2011