2902 Foltz DrEdgewood, KY 41017

Property Details for 2902 Foltz Dr

Year built

1985

Lot size

1.00 AC

Property size (Sq ft)

7,142 SF

Property type

Office properties

Property subtype

Office buildings

APN

015-40-13-027.01

APU

15401302701

Description

This exceptional 7,279 square foot medical office building, located at 2902 Foltz Drive in Edgewood, Kentucky, presents a compelling investment opportunity. Built in 1988, the single-story Class B property is situated on a convenient lot with approximately 29 surface parking spaces. The asking price is $1,300,000, translating to $178.60 per square foot. The property boasts a prime location, offering easy access to major transportation arteries. It's just three minutes from I-275 and a short 16-minute drive (6.4 miles) to the Cincinnati/Northern Kentucky International Airport. Its central location within Northern Kentucky makes it highly accessible to a wide patient base. The building is in pristine condition and benefits from its proximity to numerous amenities, including St. Elizabeth Hospital, Thomas More University, and Crestview Hills Town Center. The property is zoned PO and is currently offered for sale by owner. This presents a rare chance to acquire a well-maintained, strategically located medical office building in a thriving Kentucky market. The building's size, parking availability, and convenient location make it an ideal asset for medical professionals or investors seeking a strong return.

• CAP approach

  CAP return

  Valuation

  6%

  $1,054,703

  6.5%

  $973,572

  7%

  $904,031

• Comparable approach

  Method

  Valuation

  Relative Method

  $886,965

  Geo Method

  $886,965

• Alternative Use

  Use

  Valuation

  Residential

  $1,207,230

  Hospitality

  $1,105,816

  Educational

  $920,026

  Medical

  $951,667

  Retail

  $1,431,151

Location Insight

City

Edgewood

County

Kenton

State

Kentucky

Latitude

39.019

Longitude

-84.5767

CBSA code

17140

CBSA name

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

Property Tax & Assessments

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