3449 Turfway RdErlanger, KY 41018

Property Details for 3449 Turfway Rd

Lot size

0.91 AC

Property type

Retail properties

Property subtype

Auto shops

APN

071.00-00-039.01

APU

71000003901

Description

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.

• 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

Property Tax & Assessments

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