44,760 SF Retail Shopping Center For Sale

Investment Overview

SVN | Stone Commercial Real Estate is pleased to present Southern Hills Plaza, a multi-tenant retail shopping center at 944–978 Commercial Drive and 942–958 Spanish Grove Drive. The property is positioned in the heart of Richmond, Kentucky, which ranked first among Kentucky cities for growth from 2020 to 2025. Nearby anchors include Eastern Kentucky University, the Richmond Mall, Walmart, and Kroger. With frontage on the Eastern By-Pass, which carries 31,400 VPD, the site offers easy access, ample parking, and strong visibility in one of the city’s most popular retail nodes. Please contact Weston Lockhart / 859.317.3538 / weston.lockhart@svn.com, Nathan Dilly / 859.420.5492 / nathan.dilly@svn.com, or Caleb Cleveland / 859.556.4857 / caleb.cleveland@svn.com for more information.

Investment Highlights

• HIGH-TRAFFIC CORRIDOR LOCATION: Fronts the Eastern By-Pass with 31,400 VPD in Richmond, Kentucky.
• THREE-PARCEL RETAIL CENTER: Multi-tenant plaza spanning 944–978 Commercial Drive and 942–958 Spanish Grove Drive.
• KENTUCKY'S FASTEST-GROWING CITY: Richmond led all Kentucky cities in growth from 2020 to 2025, up 15% to more than 40,000 residents.
• UNIVERSITY-ANCHORED ECONOMY: Eastern Kentucky University enrolled 16,000 students in Fall 2025, the third-largest public university in Kentucky.