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Listing provided courtesy of Danny Ayres Realty & Auction- MLS# 26003767MLS Provider

105&107 Richmond StreetLancaster, KY 40444

Commercial · 10,525 Sq. ft. | 0.05 Acres
$489,999 Pending

105&107 Richmond Street Overview

Time on Site:
120 days
Visits:
3

Excellent income producing property, featuring residential and commercial tenants, right in the heart of downtown Lancaster. This 7 unit building includes 4 residential units, 2-2 BR, 2-1BR and 3 commercial units, providing diversified income streams. This is a solid investment opportunity with immediate cash flow and established tenants in place. This property is ideal for investors seeking steady returns and a low vacancy asset. With reliable income and strong occupancy, it offers both stability and potential for future appreciation.

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105&107 Richmond Street Facts & Features

  • Type Commercial
  • Sq. ft. 10,525
  • Price/Sq.ft. $47
  • Lot 0.05 Acres

Details

General

Building Information

  • Year Built: 1879

Business Information

  • Business Type: Commercial,Other,Professional Service,Restaurant

Location/Region

  • County Or Parish: Garrard
  • MLS Area Major: 023 - Garrard County
  • MLS Area Minor: 023 - Garrard County
  • Subdivision Name: Downtown

Rent/Lease Information

  • Tenant Pays: Electricity,Sewer,Trash Collection,Water

General Information

  • Property Sub Type: Mixed Use
  • Property Type: Commercial Sale

Interior

Beds/Baths

  • Bathrooms Total: 0

Building Interior

  • Building Area Total: 10525.0
  • Building Area Units: Square Feet

General Information

  • Building Features: Concrete Floor,Partially Carpeted,Vinyl Flooring
  • Living Area Units: Square Feet
  • Stories Total: 2

Exterior

Parking Information

  • Parking Features: On Site,Paved

Lot Information

  • Lot Size Square Feet: 2178.0
  • Lot Size Units: Acres
  • Number Of Buildings: 1

Building Exterior/Construction

  • Attached Garage: false
  • Construction Materials: Block,Brick
  • Roof: Metal

General Information

  • Sewer: Public Sewer
  • Utilities: Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected

105&107 Richmond Street Neighborhood

Community

40444 (LANCASTER) Demographics

43
Median Age
91
Population Density (per sq. mile)
30%
College Educated
$56,393
Estimated Median Income
4,794
Estimated Total Home Owners
889
Estimated Total Renters
84% / 16%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

105&107 Richmond Street Monthly Cost

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$ %
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$
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

105&107 Richmond Street Market Data

Based on the last 30 days in this zip code

$454,637
Average List Price
$194
Average Price per Square Foot
20
Properties Sold
71
Average Days on Market
93
Properties for Sale
Calculations provided by Reliance Network

105&107 Richmond Street History

Date Event Value Agent
6/10/2026Source: Imagine MLS/Bluegrass Status Change
Pending
3/1/2026Source: Imagine MLS/Bluegrass Added to Database
March 01, 2026