7541 Mall RdFlorence, KY 41042

Property Details for 7541 Mall Rd

Year built

1982

Construction

TYPE NOT SPECIFIED

Lot size

4.29 AC

Property size (Sq ft)

40,110 SF

Property type

Retail properties

Property subtype

Community centers

APN

062.00-25-002.00

APU

62002500200

Description

This exceptional retail opportunity presents 21,834 square feet of vacant space within a larger 47,181 square foot multi-tenant strip center located at 7541 Mall Road, Florence, Kentucky 41042. The property, situated in Boone County, underwent renovations in 2015, ensuring modern amenities and a well-maintained environment. The available space is ideal for a variety of retail uses, offering significant visibility and accessibility due to its prime location. While the entire center comprises 47,181 square feet, the minimum divisible space is 21,834 square feet, and the maximum contiguous space available is also 21,834 square feet. This presents a unique chance for a single tenant to occupy a substantial portion of the center or the possibility of subdividing the space for multiple smaller tenants. The property's strategic location in Florence, Kentucky, guarantees high foot traffic and exposure to a thriving consumer base. This is a remarkable chance to establish or expand a retail presence in a well-maintained and highly visible location. The property's recent renovations ensure a modern and attractive space ready for immediate occupancy. Contact us today to learn more about this exciting opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $8,707,238

  6.5%

  $8,037,450

  7%

  $7,463,347

• Comparable approach

  Method

  Valuation

  Relative Method

  $12,552,777

  Geo Method

  $12,552,777

• Alternative Use

  Use

  Valuation

  Residential

  $6,779,890

  Hospitality

  $6,210,343

  Educational

  $5,166,932

  Medical

  $5,344,631

  Retail

  $8,037,450

Location Insight

City

Florence

County

Boone

State

Kentucky

Latitude

39.0016

Longitude

-84.6543

CBSA code

17140

CBSA name

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

Property Tax & Assessments

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