Storefront Building with
For Sale
$1,100,000
256 Main St, Florence, KY 41042
Established storefront property with available parking near I-71.
Property Size7,991 SF
Price / SF$137.65
Days on Market84
Property Features for 256 Main St
General Information
Standard status
Active
Size
7,991 SF
Building Details
Year Built
1940
Listing Agency:
Paragon Realty Partners
Listed By:
Ida Diaz · License #206596
(859) 653-8087
Source:
Finn-team
Added: Jul 23
Changed: Oct 8
Last Checked: Oct 7 at 4:54PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Paragon Realty Partners
Investment Insights
Based on property information with market context.
This storefront property provides approximately 8000 square feet within a building constructed in 1940. The asset is suited to commercial occupancy and includes available parking spaces.
The property is located at 256 Main Street in Florence, Kentucky, a few miles from I-71. Its placement in the Florence area provides access to the interstate while retaining a Main Street address.
The property is located at 256 Main Street in Florence, Kentucky, a few miles from I-71. Its placement in the Florence area provides access to the interstate while retaining a Main Street address.
Key Highlights
- Approximately 8000 square feet of building area
- Constructed in 1940
- Parking spaces available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$96,458
Cap Rate
8.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,929,160
$1.9M
Cap Rate 7%
$1,377,971
$1.4M
Cap Rate 9%
$1,071,756
$1.1M
Market Conditions
NOI Build-Up for 7,991 SF
Gross rent
$143.8K $18.00/SF
− Vacancy
−$6.0K −$0.76/SF
EGI
$137.8K $17.24/SF
− OpEx
−$41.3K −$5.17/SF
NOI
$96.5K $12.07/SF
Area
Boone County, KY
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,929,160
Cap Rate 7%
$1,377,971
Cap Rate 9%
$1,071,756
Alternative Uses
Best Use
Retail
$1.38M
$1.21M – $1.61M
NOI $96,458 @ 7.0% cap · market cap 8.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.20M
$1.93M – $2.57M
NOI $154,194 @ 7.0% cap · market cap 14.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,517
Businesses Nearby
88k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 68%
Shops & Services 31%
Home Improvements & Furnishings 1%
Electronics 1%
McDonald's
Dining
28,032 visits/mo
0.4 miles
United Dairy Farmers
Shops & Services
16,041 visits/mo
0.5 miles
Dunkin' Donuts
Dining
11,990 visits/mo
0.4 miles
Taco Bell
Dining
9,613 visits/mo
0.4 miles
Shell
Shops & Services
6,417 visits/mo
0.5 miles
Demographics for 41042, KY
54,183
Population
23,640
Households
2.3
Avg Household Size
38
Median Age
28%
College-Educated
92%
High-School Grad
22.1 sq mi
ZIP Area
2,452
Density / Sq Mi
$75,582
Median Household Income
$43,501
Median Earnings
$1,240
Median Rent
$210,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- Flowerama — 7290 Turfway Rd, Florence, KY 41042
Frequently Asked Questions
What type of property is this?
Storefront property - Established storefront property with available parking near I-71.
Where is this storefront property located?
The property is located at 256 Main St Florence, KY.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Approximately 8000 square feet of building area; Constructed in 1940; Parking spaces available
