$2,300,000

241 Eastern Bypass, Richmond KY, 40475

Price per sqft$405.86

Built in2010

Property size5,667 sqft

Property typeCommercial

Listed by Beth Bell Brown with Rector Hayden Realtors

Overview

Active

Listed Jun 30, 2026

Updated Sep 2

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.

Additional information

MLS^® ID: 26015525

Interior Features

Bathrooms: 0
Cooling: Yes
Heating: Yes
Basement: No

Exterior Features

Lot Size: 1.14 Acres

Listing Contact:

The IDX display contains information sourced from the Bluegrass REALTORS® as of 9/2/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

Data last updated on 9/2/2026 at 4:30 AM UTC