This exceptional 2,400 square foot industrial property, situated on a 1.27-acre lot in Erlanger, Kentucky, presents a remarkable investment opportunity. Located at 3449 Turfway Rd, this single-tenant building boasts a 40x60 clear span steel structure with good clear height. Currently configured as an auto repair and autobody shop, the property includes a paint booth and much of the equipment is negotiable. The I-1 industrial zoning allows for a wide array of permitted uses, including but not limited to: auto repair, retail, warehousing, and various light industrial applications. The property's convenient location, approximately 3000 feet from CVG airport, makes it highly accessible. Potential buyers can choose to continue the existing business, add onto the existing structure, or redevelop the site entirely to suit their specific needs. The property's versatility and prime location in the thriving Erlanger market make it an ideal investment for a diverse range of businesses. The APN is 071.00-00-039.01. The asking price is $479,900, translating to $199.96 per square foot. A comprehensive list of permitted uses under the I-1 zoning is available upon request.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$8,605,209
6.5%
$7,943,270
7%
$7,375,893
Comparable approach
Method
Valuation
Relative Method
$12,405,687
Geo Method
$12,405,687
Alternative Use
Use
Valuation
Residential
$6,700,445
Hospitality
$6,137,572
Educational
$5,106,388
Medical
$5,282,004
Retail
$7,943,270
Location Insight
City
Erlanger
County
Boone
State
Kentucky
Latitude
39.0386
Longitude
-84.6251
CBSA code
17140
CBSA name
CINCINNATI-MIDDLETOWN, OH-KY-IN METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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