4101 Winston AveCovington, KY 41015

Property Details for 4101 Winston Ave

Year built

1963

Lot size

11.59 AC

Property size (Sq ft)

195,750 SF

Property type

Commercial real estate

APN

056-14-11-001.01

APU

56141100101

Description

This exceptional 2.15-acre commercial land parcel presents a unique investment opportunity in Covington, Kentucky. Located at 4101 Winston Ave, this property boasts a highly desirable AUC zoning designation, offering considerable flexibility for development. The lot is divisible down to half-acre parcels, catering to a range of project sizes and needs. Its strategic location provides two convenient access points, with one featuring a stoplight for optimal visibility and accessibility. This translates to significant advantages for businesses seeking high traffic exposure. The site's configuration is adaptable to various development plans, allowing for customized solutions. Furthermore, the property benefits from its prime location amidst a cluster of established national retailers, including Kroger, Walgreens, McDonald's, Big Lots, Dollar General, Wendy's, and CVS. This established retail presence ensures high foot traffic and strong consumer demographics, creating a robust and attractive environment for new businesses. The property's address is 4101 Winston Ave, Covington, KY 41015, situated in Kenton County. The precise coordinates are latitude 39.043535 and longitude -84.507018. This exceptional location and flexible zoning make this a truly remarkable opportunity for commercial development.

• CAP approach

  CAP return

  Valuation

  6%

  $19,092,300

  6.5%

  $17,623,600

  7%

  $16,364,800

• Comparable approach

  Method

  Valuation

  Relative Method

  $24,310,200

  Geo Method

  $24,310,200

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $43,279,100

  Retail / Commercial

  $20,513,200

  Mixed-Use / Specialty

  $19,116,200

  Hospitality / Lodging

  $12,301,200

  Office

  $17,623,600

  Institutional / Educational

  $19,399,900

  Residential Income

  $22,697,900

  Multifamily

  $34,562,300

  Automotive / Energy

  $16,628,500

  Parking / Income-Based Land

  $7,046,330

  Restaurant / Food Service

  $7,116,940

  Healthcare / Senior Housing

  $20,961,000

Location Insight

City

Covington

County

Kenton

State

Kentucky

Latitude

39.0435

Longitude

-84.5071

CBSA code

17140

CBSA name

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

Property Tax & Assessments

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