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241 Eastern Bypass Richmond, KY $ 2,300,000
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$ 2,300,000 Get more info
241 Eastern Bypass
$ 2,300,000
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241 Eastern Bypass

Richmond, KY, 40475
$ 2,300,000
Bedrooms-- Baths-- Sq 5,667
241 Eastern Bypass, Richmond, KY 40475 - Image 1
241 Eastern Bypass, Richmond, KY 40475 - Image 2
241 Eastern Bypass, Richmond, KY 40475 - Image 3
241 Eastern Bypass, Richmond, KY 40475 - Image 4

Property for Rent in Richmond, KY

for $2,300,000. This 5,667 square foot property was built in 2010 on a lot size of 1.14.

HIGH TRAFFIC UNIVERSITY CITY-PRIME COMMERCIAL/ RESTAURANT - NNN LEASE - 6.86% CAP Impeccably and very recently renovated restaurant. The property is leased on a triple net basis to Parlour Pizza, a growing regional restaurant operator with multiple locations in Kentucky and Indiana. High visibility directly off I-75 (appx 65,000 VPD) on the Eastern Bypass (major commercial corridor, appx 30,000 VPD) Surrounded by national retailers, hotels and student housing, this property benefits from strong local and visitor traffic, making it a prime location. NOI first 5 years is $158,000, 5 5-year options, 10% rent increase with each 5 year option.

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Rental Active

Price

$ 2,300,000

Taxes

$ 0

Style

Business

Lot Size

1.14

Year Built

2010

Town/City

Richmond

County/Region

Madison

MLS | Web ID

26015525
Features
General
Sewer Public Sewer
Heating Electric
Cooling Electric
Utilities Electricity Connected Sewer Connected Water Connected
Possession Subject To Tenant Rights
Zoning Other
Construction Materials Brick Wood Siding
Year Built 2010
Tenant Pays Taxes Interior Maintenance Insurance Water Trash Collection Sewer Exterior Maintenance Electricity Common Area Maintenance
Property Subtype Business
Parcel Number R002-0007-0010-A
Business Type Restaurant Food & Beverage
County Madison
New Construction N
Property Type Commercial Sale
Attached Garage false
Subdivision Name Eastern Bypass
Building Features Kitchen Facilities Concrete Floor
Status Active
Directions I-75 to KY-876 E/Barnes Mill Rd/Eastern Bypass in Richmond. Take exit 87 east toward EKU property is on the left shortly after crossing over the interstate.
City Richmond
Zoning Description B-3
MLS Area 008 - Madison County
Lot Size Units Acres
Lot Size Square Feet 49658
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
Lease Type NNN
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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Exterior
Parking Features On Site Paved
Total Parking 55
Lot Size Area 1.14
Number of Buildings 1
Building Area Total 5667
Lot Size Acres 1.14
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 1
Basement (Y/N) false
Air Conditioning Y/N true
Heating Y/N true
Total Baths 0
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Internal Only
Street Number 1 241
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* Excluded Features
List By
Rector Hayden Realtors

Broker

bethbell@rhr.com

Email

Nearby
0 Elementary School
0 Middle School
See complete school information
Pricing History
DatePricePrice ChangeDescription
9/1/2026$2,300,000 -13.21% Price Down
6/30/2026$2,650,000 Listed Price

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241 Eastern Bypass, Richmond, KY, 40475 is a Property for Rent at $2,300,000 with 5,667 sqft and a lot size of 1.14. 241 Eastern Bypass was built in 2010. The property's zip code is 40475 which is in Richmond, KY

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