470 Tucker DrMaysville, KY 41056

Property Details for 470 Tucker Dr

Year built

1998

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.11 AC

Property size (Sq ft)

6,232 SF

Property type

Retail properties

Property subtype

Retail space

APN

050-00-00-007.12

APU

50000000712

Description

This exceptional mixed-use property in Maysville, Kentucky presents a unique investment opportunity. The expansive 13,600 square foot building sits on a 1.1-acre lot and offers incredible versatility for a variety of business ventures. Previously a successful restaurant and bar, the property boasts a fully equipped kitchen and includes existing furniture such as tables and chairs. Approximately 6,400 square feet was dedicated to the restaurant and bar area, while the remaining 7,200 square feet is currently leased to a thriving hair salon, generating consistent rental income. The property features a sizable outdoor patio, perfect for al fresco dining, events, or a relaxing lounge area. Ample on-site parking ensures convenient access for customers and employees. Its prime location in northeastern Kentucky offers easy access to both Cincinnati, Ohio (approximately one hour away) and Lexington, Kentucky (also approximately one hour away), providing access to a large customer base. The adaptable layout makes this property ideal for a variety of uses, including a retail showroom, event venue, or multi-unit commercial space. This is a rare opportunity to acquire a substantial property with significant income potential and the flexibility to adapt to your specific business needs. The property is priced at $995,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,222,197

  6.5%

  $1,128,182

  7%

  $1,047,597

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,950,359

  Geo Method

  $1,950,359

• Alternative Use

  Use

  Valuation

  Residential

  $951,663

  Hospitality

  $871,718

  Educational

  $725,260

  Medical

  $750,202

  Retail

  $1,128,182

Location Insight

City

Maysville

County

Mason

State

Kentucky

Latitude

38.6258

Longitude

-83.7976

CBSA code

32500

CBSA name

MAYSVILLE, KY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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