Former Bank Building For
6890 Dixie Hwy Florence, KY 41042
For Sale
Contact for pricing
Former bank building available for sale along Dixie Highway in Florence, Kentucky.
Property Size3,297 SF
Price / SF$131.94
Days on Market497
Property Features for 6890 Dixie Hwy
General Information
Standard status
Active
Size
3,297 SF
Property subtype
RETAIL
Listing Agency:
Schueler Group
(859) 653-8325
Listed By:
Lara Gastright · License #242471
(859) 653-8325
Source:
Moodyscre
Added: Mar 20, 2025
Changed: Jul 26
Last Checked: Jul 28 at 3:52PM
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 Schueler Group
Investment Insights
Based on property information with market context.
This former bank building is offered for sale and provides a commercial space that was previously used for banking operations. The property is identified as retail/commercial real estate on the market for buyers seeking an existing structure to repurpose.
The building is located on Dixie Highway in Florence, Kentucky. Its established commercial frontage along this roadway supports visibility for future uses, subject to buyer plans and applicable approvals.
With a listed size of 3,297 square feet, the property offers a compact footprint for a range of redevelopment or adaptive reuse concepts, subject to zoning and permitting.
The building is located on Dixie Highway in Florence, Kentucky. Its established commercial frontage along this roadway supports visibility for future uses, subject to buyer plans and applicable approvals.
With a listed size of 3,297 square feet, the property offers a compact footprint for a range of redevelopment or adaptive reuse concepts, subject to zoning and permitting.
Key Highlights
- Former bank building for sale along Dixie Highway in Florence, Kentucky
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $59.3k | $18.00 |
| − Vacancy | −$2.5k | −$0.76 |
| EGI | $56.9k | $17.24 |
| − OpEx | −$17.1k | −$5.17 |
| NOI | $39.8k | $12.07 |
3,297 SF · lease $18.00/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$568.5K
$497.5K – $663.3K
NOI $39,797 @ 7.0% cap · market cap 9.15%
Second Best
Specialty Retail
$560.4K
$490.4K – $653.8K
NOI $39,229 @ 7.0% cap · market cap 9.02%
Theoretical Best
Office A
$908.8K
$795.2K – $1.06M
NOI $63,619 @ 7.0% cap · market cap 14.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Bank - Former bank building available for sale along Dixie Highway in Florence, Kentucky.
Where is this bank located?
The property is located at 6890 Dixie Hwy Florence, KY.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: Former bank building for sale along Dixie Highway in Florence, Kentucky
