7502 Dixie HwyFlorence, KY 41042

Property Details for 7502 Dixie Hwy

Year built

1940

Construction

WOOD

Lot size

2.80 AC

Property size (Sq ft)

3,088 SF

Property type

Retail properties

Property subtype

Outlet malls

APN

061.24-24-012.00

APU

61242401200

Description

This exceptional 8,302-square-foot freestanding retail building presents a unique investment opportunity in Florence, Kentucky. Located at 7502 Dixie Hwy, this single-tenant property boasts a Class C designation and offers ample parking with 34 spaces. The building is situated on one story, providing convenient access and functionality. The entire 8,302 square feet is currently vacant, presenting a blank canvas for a new tenant or a significant renovation project. The property is zoned for commercial use, aligning with its retail purpose. Its location in Boone County, Kentucky, offers significant advantages. Florence is experiencing rapid growth, making this a strategically positioned asset within a thriving market. The property's proximity to Cincinnati, Ohio (just 10 miles away) and the Greater Cincinnati/Northern Kentucky International Airport (15 minutes away) provides exceptional accessibility and exposure to a large consumer base. This freestanding building offers high visibility and significant potential for a variety of retail businesses. The property's size and parking capacity make it suitable for a range of uses, from larger retail stores to multiple smaller businesses. This is an excellent opportunity to establish a presence in a dynamic and expanding market. The property's zoning and location ensure a strong foundation for long-term success. The vacant status allows for complete customization to meet the specific needs of a new tenant.

• CAP approach

  CAP return

  Valuation

  6%

  $670,355

  6.5%

  $618,790

  7%

  $574,590

• Comparable approach

  Method

  Valuation

  Relative Method

  $966,417

  Geo Method

  $966,417

• Alternative Use

  Use

  Valuation

  Residential

  $521,972

  Hospitality

  $478,124

  Educational

  $397,793

  Medical

  $411,474

  Retail

  $618,790

Location Insight

City

Florence

County

Boone

State

Kentucky

Latitude

38.9941

Longitude

-84.6257

CBSA code

17140

CBSA name

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

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].