1982 Walton Nicholson PikeIndependence, KY 41051

Property Details for 1982 Walton Nicholson Pike

Year built

1997

Lot size

1.50 AC

Property size (Sq ft)

6,000 SF

Property type

Retail properties

Property subtype

Strip malls

APN

034-00-00-068.03

APU

34000006803

Description

This attractive brick free-standing retail/office center offers 1,260 square feet of immediately available space in a highly desirable Kenton County location. The building totals 10,000 square feet and features ample parking. This space, previously a hair salon, is situated in a thriving commercial area, conveniently located adjacent to the new Kenton County Library. Its prime location near the intersection of KY 17 and KY 16 provides excellent visibility and accessibility, with proximity to Simon Kenton High School and the new Kroger Marketplace Center (approximately 5 minutes away). The RC zoning allows for a wide variety of uses, including but not limited to hair salons, nail salons, and medical offices, making it an ideal space for a diverse range of businesses. The property offers a fantastic opportunity for businesses seeking a well-located, versatile space with high visibility and convenient access to a significant customer base. The available space is ready for immediate occupancy. Contact us today to schedule a viewing.

• CAP approach

  CAP return

  Valuation

  6%

  $867,928

  6.5%

  $801,164

  7%

  $743,938

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,877,753

  Geo Method

  $1,877,753

• Alternative Use

  Use

  Valuation

  Residential

  $675,812

  Hospitality

  $619,040

  Educational

  $515,034

  Medical

  $532,747

  Retail

  $801,164

Location Insight

City

Independence

County

Kenton

State

Kentucky

Latitude

38.9064

Longitude

-84.5488

CBSA code

17140

CBSA name

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

Property Tax & Assessments

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