7303 Turfway RdFlorence, KY 41042

Property Details for 7303 Turfway Rd

Lot size

0.56 AC

Property type

Office properties

Property subtype

Office buildings

APN

072.00-01-001.03

APU

72000100103

Description

This exceptional 0.56-acre commercial land parcel presents a unique investment opportunity in Florence, Kentucky. Strategically located at the intersection of Turfway Road and I-71/I-75, this outparcel benefits from its proximity to a grocery-anchored shopping center. The site offers convenient cross access and cross parking, enhancing its appeal and functionality. High daily traffic counts bolster its commercial viability: Turfway Road boasts an average daily traffic volume of 20,800 vehicles (2018 data), while I-71/I-75 sees a remarkable 149,400 vehicles daily (2018 data). This prime location ensures high visibility and accessibility for any commercial development. The property is zoned for commercial use (zoning information should be verified independently). The address is 7303 Turfway Road, Florence, KY 41042, situated in Boone County. This land parcel is available for sale and represents a compelling opportunity for businesses seeking a high-traffic location with excellent visibility and convenient access to major transportation arteries. Serious inquiries are encouraged to explore the potential of this exceptional commercial property. Further details regarding utilities, environmental assessments, and development restrictions are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $3,602,412

  6.5%

  $3,325,304

  7%

  $3,087,782

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,029,491

  Geo Method

  $3,029,491

• Alternative Use

  Use

  Valuation

  Residential

  $4,123,377

  Hospitality

  $3,776,991

  Educational

  $3,142,412

  Medical

  $3,250,484

  Retail

  $4,888,196

Location Insight

City

Florence

County

Boone

State

Kentucky

Latitude

39.0113

Longitude

-84.6298

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].