1305 Lancaster Road, Richmond, KY 40475
$440,000
Property Type:
Commercial Sale
Square Footage:
5,571
Lot Size (sq. ft.):
38,333
Status:
Active
Current Price:
$440,000
List Date:
4/19/2026
Last Modified:
7/26/2026
Listing Details MLS# 26008401
Listing Information
- Comp Sale YN
- No
- Property Sub Type
- Mixed Use
Status Change Information
- Price Change Timestamp
- 2026-07-26T19:13:59Z
- Status Change Timestamp
- 2026-04-19
Address
- County
- Madison
- Street Number
- 1305
- Street Name
- Lancaster
- Street Suffix
- Road
- State
- KY
- Zip Code
- 40475
- Parcel Number
- 0056-0000-0026-B
Contract
- Original List Price
- 475000
- Start Showing Date
- 2026-04-19
- Listing Contract Date
- 2026-03-24
- Listing Agreement
- Exclusive Right To Sell
- Office Exclusive YN
- No
- List Price/SqFt
- 78.98
Tax Legal
- MLS Area Major
- 008 - Madison County
- Subdivision Name
- Commercial
Interior
- Living Area
- 5571
- Living Area Units
- Square Feet
- Living Area Source
- Public Records
- Building Area Total
- 5571
- Building Area Source
- Public Records
- Building Area Units
- Square Feet
More Information
Parking Information
- Parking Total
- 10
Building
- Basement YN
- Yes
- Year Built
- 1983
- Stories Total
- 3
- Accessibility Features YN
- Yes
Lot
- Lot Size Acres
- 0.88
- Lot Size Square Feet
- 38333
Utilities
- Cooling YN
- Yes
- Heating YN
- Yes
Remarks
- Public Remarks
- Unlock the potential of the versatile mixed-use property, perfectly designed for both business and residential living. The main level features well-appointed commercial office space with excellent visibility and accessibility. Ideal for a professional services, retail, or small business seeking a prime location (backs up to the new Model school being built, close to EKU campus). Upstairs a private residential apartment offers comfortable living quarters (3-bedroom, 2 bath) complete with its own entrance, making it perfect for an owner-occupant, rental income, or live-work flexibility. The first floor was used as the owner's dental practice. The basement has another partially unfinished apartment currently being used for storage (could be renovated to make another large apartment or business use). At this time, upstairs apartment uses window AC units to cool. Apartment needs new HVAC unit. Huge 3 car garage and large possible room (needs to be finished) above the garage. All dentist equipment will be removed.
Building and Property Details
- Inground Tank YN
- No
Tax & Legal
- Business Name
- Great Grins Dentistry
- Tax Rate
- 0.011
- Zoning
- Other
- Zoning Description
- P-1
- Directions
- Lancaster Road Building on the right Latitude: 37.727075 Longitude: -84.309636
Association/Community
- Number Of Buildings
- 1
Basement
- Partially Finished
- Yes
- Walk-Out Access
- Yes
Cooling
- Multi Units
- Yes
- Window Unit(s)
- Yes
Heating
- Electric
- Yes
Listing Terms
- Cash
- Yes
- Conventional
- Yes
Parking Features
- Open
- Yes
- Paved
- Yes
Possession
- Close Of Escrow
- Yes
Sewer
- Septic Tank
- Yes
Business Type
- Mixed
- Yes
- Professional Service
- Yes
- Professional/Office
- Yes
Docks
- None
- Yes
Existing Lease Type
- None
- Yes
Sale Includes
- Building(s)
- Yes
- Land
- Yes
Showing Requirements
- Showing Service
- Yes
Property Features
Basement:
Partially Finished; Walk-Out Access
Business Type:
Mixed; Professional Service; Professional/Office
Cooling:
Multi Units; Window Unit(s)
Docks:
None
Existing Lease Type:
None
Heating:
Electric
Listing Terms:
Cash; Conventional
Parking Features:
Open; Paved
Possession:
Close Of Escrow
Sale Includes:
Building(s); Land
Sewer:
Septic Tank
Showing Requirements:
Showing Service
Documents
Sellers Disclosure ›
Listing Office:
CENTURY 21 Advantage Realty
Last Updated: July - 26 - 2026
Information deemed reliable but not guaranteed.