105&107 Richmond Street, Lancaster, KY 40444
$489,999
Property Type:
Commercial Sale
Square Footage:
10,525
Lot Size (sq. ft.):
2,178
Status:
Active
Current Price:
$489,999
List Date:
3/01/2026
Last Modified:
3/02/2026
Overview
Description
Listing Details MLS# 26003767
Listing Information
- Comp Sale YN
- No
- Property Sub Type
- Mixed Use
Status Change Information
- Status Change Timestamp
- 2026-03-01
Address
- County
- Garrard
- Street Number
- 105&107
- Street Name
- Richmond
- Street Suffix
- Street
- State
- KY
- Zip Code
- 40444
Contract
- Original List Price
- 489999
- Start Showing Date
- 2026-03-01
- Listing Contract Date
- 2026-03-01
- Listing Agreement
- Exclusive Right To Sell
- Office Exclusive YN
- No
- List Price/SqFt
- 46.56
Tax Legal
- MLS Area Major
- 023 - Garrard County
- Subdivision Name
- Downtown
Interior
- Living Area Units
- Square Feet
- Building Area Total
- 10525
- Building Area Source
- Public Records
- Building Area Units
- Square Feet
More Information
Building
- Basement YN
- Yes
- Year Built
- 1879
- Stories Total
- 2
- Accessibility Features YN
- No
Lot
- Lot Size Acres
- 0.05
- Lot Size Square Feet
- 2178
Utilities
- Cooling YN
- Yes
- Heating YN
- Yes
- Electricity Connected
- Yes
- Natural Gas Connected
- Yes
- Sewer Connected
- Yes
- Water Connected
- Yes
Remarks
- Public Remarks
- Excellent income producing property, featuring residential and commercial tenants, right in the heart of downtown Lancaster. This 7 unit building includes 4 residential units, 2-2 BR, 2-1BR and 3 commercial units, providing diversified income streams. This is a solid investment opportunity with immediate cash flow and established tenants in place. This property is ideal for investors seeking steady returns and a low vacancy asset. With reliable income and strong occupancy, it offers both stability and potential for future appreciation.
Tax & Legal
- Tax Rate
- 0.9593
- Zoning
- B-1
- Zoning Description
- COMMERCIAL AND RESIDENTIAL
- Directions
- From the square in Lancaster, Take 52E. Property will be on the left past the square.
Association/Community
- Number Of Buildings
- 1
Basement
- Partial
- Yes
- Unfinished
- Yes
- Walk-Up Access
- Yes
Construction Materials
- Block
- Yes
- Brick
- Yes
Cooling
- Heat Pump
- Yes
Heating
- Heat Pump
- Yes
Parking Features
- On Site
- Yes
- Paved
- Yes
Possession
- Close Of Escrow
- Yes
Roof
- Metal
- Yes
Sewer
- Public Sewer
- Yes
Water Heater
- Gas
- Yes
Building Features
- Concrete Floor
- Yes
- Partially Carpeted
- Yes
- Vinyl Flooring
- Yes
Business Type
- Commercial
- Yes
- Professional Service
- Yes
- Restaurant
- Yes
- Other
- Yes
Ceiling
- Drywall
- Yes
- Other
- Yes
Sale Includes
- Building(s)
- Yes
- Equipment
- Yes
- Fixtures
- Yes
Tenant Pays
- Electricity
- Yes
- Sewer
- Yes
- Trash Collection
- Yes
- Water
- Yes
Showing Requirements
- Call Listing Agent
- Yes
- Showing Service
- Yes
Property Features
Utilities:
Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected; Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected
Basement:
Partial; Unfinished; Walk-Up Access
Building Features:
Concrete Floor; Partially Carpeted; Vinyl Flooring
Business Type:
Commercial; Professional Service; Restaurant; Other
Ceiling:
Drywall; Other
Construction Materials:
Block; Brick
Cooling:
Heat Pump
Heating:
Heat Pump
Parking Features:
On Site; Paved
Possession:
Close Of Escrow
Roof:
Metal
Sale Includes:
Building(s); Equipment; Fixtures
Sewer:
Public Sewer
Tenant Pays:
Electricity; Sewer; Trash Collection; Water
Water Heater:
Gas
Showing Requirements:
Call Listing Agent; Showing Service
Listing Office:
Danny Ayres Realty & Auction
Last Updated: March - 02 - 2026
Information deemed reliable but not guaranteed.