4016 Dixie HwyErlanger, KY 41018

Property Details for 4016 Dixie Hwy

Year built

1992

Lot size

0.74 AC

Property size (Sq ft)

6,439 SF

Property type

Turn key restaurants

APN

003-40-10-085.00

APU

3401008500

Description

This exceptional 6,424 square foot restaurant property, located at 4016 Dixie Highway in Erlanger, Kentucky (zip code 41018), presents a unique investment opportunity. Situated on a 1.1-acre lot, this vacant space offers a turnkey solution for restaurateurs seeking a high-traffic location. The property boasts a desirable second-generation restaurant build-out, complete with a drive-thru lane, significantly reducing start-up costs and time. Valuable pylon signage is available, ensuring high visibility and brand recognition. The property benefits from abundant on-site parking, catering to the needs of both staff and customers. Its strategic location within the densely populated Dixie Highway corridor, just a few miles from the Cincinnati/Northern Kentucky Airport, guarantees significant foot and vehicle traffic. Daily traffic counts on Dixie Highway reach 17,225 vehicles, providing exceptional exposure to potential customers. The Erlanger, Kentucky market currently exhibits minimal vacancy, making this a rare and highly sought-after opportunity. This property is offered for sale and represents a compelling investment in a thriving commercial area. The property is categorized as Retail, with a subtype of Restaurant. Kenton County is the county location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,048,000

  6.5%

  $967,387

  7%

  $898,288

• Comparable approach

  Method

  Valuation

  Relative Method

  $831,646

  Geo Method

  $831,646

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,842,050

  Mixed-Use / Specialty

  $981,899

  Hospitality / Lodging

  $743,773

  Office

  $994,774

  Institutional / Educational

  $1,027,200

  Residential Income

  $1,201,820

  Multifamily

  $1,341,830

  Automotive / Energy

  $880,456

  Parking / Income-Based Land

  $286,089

  Restaurant / Food Service

  $549,026

  Healthcare / Senior Housing

  $988,500

Location Insight

City

Erlanger

County

Kenton

State

Kentucky

Latitude

39.0125

Longitude

-84.6073

CBSA code

17140

CBSA name

CINCINNATI-MIDDLETOWN, OH-KY-IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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