309 Spangler Drive, Richmond, KY 40475

$2,600,000
Property Type: Commercial Sale Square Footage: 29,734 Lot Size (sq. ft.): 75,359 Status: Closed
Current Price: $2,600,000 List Date: 1/17/2022 Last Modified: 9/03/2025

Overview

Description

We are pleased to present to market 309 & 311 Spangler Drive located directly off Interstate 75/Exit 87 in Richmond, Kentucky. The subject property is in excellent proximity to major retailers such as Starbucks, Meijer, Chick-fil-a, and The Richmond Center – 120 acre retail development. The property includes two stand-alone office buildings with a secured overflow parking lot. This fully occupied, well-maintained office building has a strong mix of tenants and presents an excellent end user option and/or investment opportunity. Financials provided upon request. 8.77% Cap Rate.

Listing Details MLS# 22000833

Listing Information

Comp Sale YN
No
Property Sub Type
Office

Status Change Information

Status Change Timestamp
2022-08-04
Purchase Contract Date
2022-05-25
Close Date
2022-07-28
Close Price
2600000
Buyer Financing
Conventional
Sale Type
Arms Length Sale

Address

County
Madison
Street Number
309
Street Name
Spangler
Street Suffix
Drive
State
KY
Zip Code
40475
Parcel Number
R002-0012-0002

Contract

Original List Price
2750000
Start Showing Date
2022-01-17
Listing Contract Date
2022-01-17
Listing Agreement
Exclusive Right To Sell
Occupant Type
Tenant
Office Exclusive YN
No
SP/LP
0.95

Tax Legal

MLS Area Major
008 - Madison County
Subdivision Name
Commercial

Interior

Living Area
29734

More Information

Parking Information

Parking Total
56

Building

Year Built
9999
Stories Total
2

Lot

Lot Size Acres
1.73
Lot Size Square Feet
75359

Remarks

Public Remarks
We are pleased to present to market 309 & 311 Spangler Drive located directly off Interstate 75/Exit 87 in Richmond, Kentucky. The subject property is in excellent proximity to major retailers such as Starbucks, Meijer, Chick-fil-a, and The Richmond Center – 120 acre retail development. The property includes two stand-alone office buildings with a secured overflow parking lot. This fully occupied, well-maintained office building has a strong mix of tenants and presents an excellent end user option and/or investment opportunity. Financials provided upon request. 8.77% Cap Rate.

Showing Information

Showing Instructions
Call listing agent to show.

Tax & Legal

Tax Rate
0.0115
Zoning Description
B-3
Directions
Conveniently located on the Eastern Bypass within a mile of Exit 87 on I-75, this property is in excellent proximity to major area businesses such as Starbucks, Meijer, Chick-fil-a, and The Richmond Center- a 120 acre retail development.

Association/Community

Number Of Buildings
2

Special Listing Conditions

Standard
Yes

Building Features

Elevator(s)
Yes

Business Type

Professional/Office
Yes

Property Features

Building Features: Elevator(s) Business Type: Professional/Office Special Listing Conditions: Standard
Listing Office: Block + Lot Homes
Last Updated: September - 03 - 2025
Information deemed reliable but not guaranteed.