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.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
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
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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