6418 Dixie HwyFlorence, KY 41042

Property Details for 6418 Dixie Hwy

Year built

1996

Construction

TYPE NOT SPECIFIED

Property size (Sq ft)

3,000 SF

Property type

Retail properties

Property subtype

Auto shops

APN

072.14-04-009.01

APU

72140400901

Description

This exceptional 5,400 square foot freestanding retail building, located at 6418 Dixie Highway in Florence, Kentucky, presents a unique investment opportunity. The property is situated in Boone County, zip code 41042, and is currently configured as a single-tenant auto shop. Its prime location offers excellent visibility and accessibility, making it an ideal space for a variety of automotive-related businesses or adaptable to other retail uses. The building's freestanding nature provides ample parking and convenient access for customers. The single-tenant occupancy simplifies management and provides a stable income stream for potential investors. This property is a solid investment in a thriving Kentucky market. The building's size and layout offer flexibility for potential tenants, allowing for customization to suit specific business needs. With its strategic location and substantial square footage, this property represents a compelling opportunity for those seeking a strong return on investment in the Kentucky retail market. The property's address is easily accessible from major roadways, ensuring high traffic flow and visibility for any business operating within its walls. This is a rare opportunity to acquire a well-located, freestanding retail building in a desirable area.

• CAP approach

  CAP return

  Valuation

  6%

  $651,252

  6.5%

  $601,156

  7%

  $558,216

• Comparable approach

  Method

  Valuation

  Relative Method

  $938,876

  Geo Method

  $938,876

• Alternative Use

  Use

  Valuation

  Residential

  $507,097

  Hospitality

  $464,498

  Educational

  $386,457

  Medical

  $399,748

  Retail

  $601,156

Location Insight

City

Florence

County

Boone

State

Kentucky

Latitude

39.0063

Longitude

-84.6157

CBSA code

17140

CBSA name

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

Property Tax & Assessments

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