7505 Sussex DrFlorence, KY 41042

Property Details for 7505 Sussex Dr

Lot size

1.90 AC

Property type

Office properties

Property subtype

Office buildings

APN

073.00-05-006.00

APU

73000500600

Description

This exceptional 25,000 square foot office building in Florence, KY, presents a compelling investment opportunity. Located at 7505 Sussex Drive, this traditional office building boasts a desirable location near the I-75 and US 42 interchange, providing easy access to major transportation routes. The property features a recently updated lobby with a new entryway, an interior waterfall, and modernized restrooms. The building offers a diverse range of office suites, suitable for various uses including corporate headquarters, educational institutions, government agencies, or medical practices. Ample parking is available with 125 spaces in the large on-site lot. Situated on 2.19 acres of land, the property is zoned Office 2/Industrial 1, offering flexibility for a wide array of business ventures. The strategic location within close proximity to Northern Kentucky's largest industrial park (NKIP), numerous hotels, and a variety of restaurants enhances its appeal. The asking price for this remarkable property is $1,550,000. This presents a rare chance to acquire a well-maintained, versatile office building in a thriving Kentucky location.

• CAP approach

  CAP return

  Valuation

  6%

  $12,235,118

  6.5%

  $11,293,955

  7%

  $10,487,244

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,289,266

  Geo Method

  $10,289,266

• Alternative Use

  Use

  Valuation

  Residential

  $14,004,505

  Hospitality

  $12,828,051

  Educational

  $10,672,788

  Medical

  $11,039,841

  Retail

  $16,602,114

Location Insight

City

Florence

County

Boone

State

Kentucky

Latitude

38.9841

Longitude

-84.6319

CBSA code

17140

CBSA name

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

Property Tax & Assessments

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