1000 Commercial Drive, Richmond, KY 40475 (MLS# 22020029)

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.