1000 Commercial Drive, Richmond, KY 40475

$1,000,000
Property Type: Commercial Sale Lot Size (sq. ft.): 28,706 Status: Closed
Current Price: $1,000,000 List Date: 9/08/2022 Last Modified: 9/03/2025

Overview

Description

100% occupied professional office building located at the corner of Commercial Dr. and Gibson Bay Dr., just off of the Eastern Bypass in Richmond. The building consists of 4 office suites all of which have ground level entrances and surface parking for easy client access. The property has maintained very strong historical occupancy with long term tenants.

Listing Details MLS# 22020029

Listing Information

Comp Sale YN
No
Property Sub Type
Office

Status Change Information

Status Change Timestamp
2022-12-22
Purchase Contract Date
2022-10-24
Close Date
2022-12-20
Close Price
1000000
Buyer Financing
Conventional
Sale Type
Arms Length Sale
Concessions Comments
Na

Address

County
Madison
Street Number
1000
Street Name
Commercial
Street Suffix
Drive
State
KY
Zip Code
40475
Parcel Number
R012-0005-00A3

Contract

Original List Price
1200000
Start Showing Date
2022-09-08
Listing Contract Date
2022-09-01
Listing Agreement
Exclusive Right To Sell
Occupant Type
Occupied
Office Exclusive YN
No
SP/LP
0.83

Tax Legal

MLS Area Major
008 - Madison County
Subdivision Name
Southern Hills

Parking Information

Parking Total
35

More Information

Building

Year Built
9999

Lot

Lot Size Acres
0.659
Lot Size Square Feet
28706

Remarks

Public Remarks
100% occupied professional office building located at the corner of Commercial Dr. and Gibson Bay Dr., just off of the Eastern Bypass in Richmond. The building consists of 4 office suites all of which have ground level entrances and surface parking for easy client access. The property has maintained very strong historical occupancy with long term tenants.

Tax & Legal

Tax Rate
0.0115
Zoning Description
B-3
Directions
From Eastern bypass, turn east on Gibson Bay Dr., then take an immediate right. Property is on your left. Entrance to rear parking lot is on Gibson Bay, on your right.

Utilities

Electricity Connected
Yes
Sewer Connected
Yes
Water Connected
Yes

Construction Materials

Brick
Yes

Parking Features

Paved
Yes

Possession

Close Of Escrow
Yes

Roof

Metal
Yes

Sewer

Public Sewer
Yes

Business Type

Professional/Office
Yes

Existing Lease Type

Gross
Yes

Sale Includes

Building(s)
Yes
Leases
Yes

Property Features

Utilities: Electricity Connected; Sewer Connected; Water Connected; Electricity Connected; Sewer Connected; Water Connected Business Type: Professional/Office Construction Materials: Brick Existing Lease Type: Gross Parking Features: Paved Possession: Close Of Escrow Roof: Metal Sale Includes: Building(s); Leases Sewer: Public Sewer
Listing Office: Block + Lot Homes
Last Updated: September - 03 - 2025
Information deemed reliable but not guaranteed.