7640 Burlington PikeFlorence, KY 41042

Property Details for 7640 Burlington Pike

Lot size

1.62 AC

Property type

Medical offices

Property subtype

Medical centers

APN

061.01-22-002.00

APU

61012200200

Description

This exceptional 1.68-acre commercial land parcel presents a remarkable development opportunity in Florence, Kentucky. Strategically located on Burlington Pike, this property boasts a prime corner lot with excellent visibility and accessibility. The site benefits from high traffic volume, averaging 20,132 vehicles daily, ensuring significant exposure for any future development. Zoned C-3/PD/PO, the property offers considerable flexibility for a wide range of commercial uses. The location is highly convenient, situated just 0.25 miles from the I-75 exit ramp, providing easy access to major transportation arteries. The lot features substantial frontage, with 275 feet along Burlington Pike and 375 feet along Cardinal Drive. To facilitate immediate development, the property will undergo comprehensive site preparation, including grading, compaction, and leveling, ensuring a smooth and efficient construction process. This turnkey opportunity is ideal for developers seeking a high-traffic, well-located site in a thriving Kentucky market. The asking price is $1,100,000. Don't miss this chance to acquire a premier commercial land parcel in Boone County.

• CAP approach

  CAP return

  Valuation

  6%

  $10,401,866

  6.5%

  $9,601,723

  7%

  $8,915,885

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,747,571

  Geo Method

  $8,747,571

• Alternative Use

  Use

  Valuation

  Residential

  $11,906,136

  Hospitality

  $10,905,957

  Educational

  $9,073,628

  Medical

  $9,385,684

  Retail

  $14,114,533

Location Insight

City

Florence

County

Boone

State

Kentucky

Latitude

39.0013

Longitude

-84.6425

CBSA code

17140

CBSA name

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

Property Tax & Assessments

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