124 S 1st Street Richmond, KY $ 450,000
124 S 1st Street
$ 450,000
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124 S 1st Street

Richmond, KY, 40475
$ 450,000
Bedrooms-- Baths-- Sq 11,970

Monthly Estimate*

$ 2,771

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Commercial Property for sale in Richmond, KY

for $450,000. This 11,970 square foot building was built on a lot size of 0.09.

The iconic building once known as Family Dog and Paco's is now on the market. For generations, college students and locals gathered here to dance, celebrate, and enjoy some of the best live music in town. Still intact with much of its early 1990s character, this historic space is ready for new ownership and a fresh vision. Located in the heart of downtown Richmond on the corner of Water Street and First, this all-brick landmark sits where nightlife and entertainment thrive. Offering over 11,900 square feet across three levels, the possibilities are endless. With its rich history, unbeatable location, and undeniable energy, this property is ready for someone to bring new life, a new vibe, and the next chapter to both the building and the town.

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Commercial Active

Price

$ 450,000

Property Type

Commercial

Taxes

$ 0

Style

Mixed Use

Lot Size

0.09

Town/City

Richmond

County/Region

Madison

MLS | Web ID

26001220

Features
General
Sewer Public Sewer
Heating Natural Gas
Cooling Ceiling Fan(s) Electric
Utilities Electricity Connected Phone Available Sewer Available
Possession Negotiable
Roof Membrane
Zoning B-2
Security Features Fire Sprinkler System
Construction Materials Brick
Year Built 9999
Electric 200+ Amp Service
Property Subtype Mixed Use
Parcel Number R008-0012-0010
Business Type Retail Food & Beverage Commercial
Business Name Family Dog
County Madison
New Construction N
Property Type Commercial Sale
Attached Garage N
Subdivision Name Downtown
Building Features Wood Flooring Kitchen Facilities Concrete Floor
Status Active
Directions Main St to South First. Building is on the left
City Richmond
MLS Area 008 - Madison County
Lot Size Units Acres
Lot Size Square Feet 3746.16
Land Lease Y/N N
MLS Area Minor 008 - Madison County
Lease Considered Y/N N
Rent Control Y/N N
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Senior Community None
Water Body Access Y/N None
Accessibility Features Y/N None
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Interior
Basement Exterior Entry Finished Sump Pump Walk-Out Access
Total Stories 3
Basement (Y/N) Y
Air Conditioning Y/N Y
Heating Y/N Y
Total Baths 0
Heating-Natural Gas True
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Exterior
Parking Features Open
Lot Size Area 0.09
Number of Buildings 1
Building Area Total 11970.0
Lot Dimensions 95x42
Lot Size Acres 0.09
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 124
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* Excluded Features
List By
Rare Earth Realty Llc

Broker

Affordability Calculator

$2,771
Per Month
100%
0%
0%
Monthly Principal & Interest
$2,771
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
458656 Elementary School
458772 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/17/2026$450,000 Listed Price

Map


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124 S 1st Street, Richmond, KY, 40475 is a Commercial Property for sale at $450,000 with 11,970 sqft and a lot size of 0.09. The property's zip code is 40475 which is in Richmond, KY