Former Bank on Large
8210 E Main St Alexandria, KY 41001
8210 E Main St, Alexandria, KY, 41001
Contact for pricing
For Sale
Contact for pricing
Pending
Freestanding bank building with drive-thru on a large lot.
Property Size4,065 SF
Lot Size6.23 Acres
Days on Market1092
Property Features for 8210 E Main St
General Information
- Standard status
- Pending
- Size
- 4,065 SF
- Lot size
- 6.23 Acres
- Property subtype
- Mixed Use, Special Purpose, Multifamily
Building Details
- Year Built
- 1962
Listing agency
Commonwealth Commercial Real Estate
(502) 379-6000
Listed by
Rhonda Karageorge · License #KY 46762
Source
Crexi
Added: Jul 26, 2023 Updated: Jul 10 at 3:40PM Checked: Jul 21 at 4:35AM
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 Commonwealth Commercial Real Estate
Investment Insights
Based on property information with market context.
The property is a former bank situated at a signalized intersection in Alexandria, Kentucky, within Campbell County. The single-story, freestanding building features three covered drive-thru lanes and a breezeway connecting the main building to an ATM/drive-thru structure. Access is provided by one curb cut on Alexandria Pike and two curb cuts on Main Street. Signage includes a monument sign on Main Street, as well as building signage. The location benefits from high traffic volume. Alexandria is located approximately 15 miles south of Cincinnati. The average household income within a 3-mile radius is $111,653. The property is considered an excellent development site in a prime location. The deed states 11 acres, but the seller believes the lot is 6.23 acres. Campbell County Planning & Zoning is in the process of correcting the GIS map to reflect Highway Commercial zoning. The property can be used for commercial real estate, retail, or as a bank.
Key Highlights
- Prime location at a signalized intersection in Alexandria, KY.
- High traffic area with excellent development potential.
- Three covered drive‑thru lanes.
Local Financial Insights For Specialty 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 | $66.8k | $16.44 |
| − Vacancy | −$2.2k | −$0.54 |
| EGI | $64.6k | $15.90 |
| − OpEx | −$16.2k | −$3.98 |
| NOI | $48.5k | $11.93 |
4,065 SF · lease $16.44/SF/yr · vacancy 3.28% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$692.5K
$606.0K – $808.0K
NOI $48,477 @ 7.0% cap · market cap 5.10%
Second Best
Retail
$646.4K
$565.6K – $754.1K
NOI $45,246 @ 7.0% cap · market cap 4.76%
Theoretical Best
Office A
$1.11M
$975.6K – $1.30M
NOI $78,048 @ 7.0% cap · market cap 8.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Banks
Similar For Sale Nearby
FAQs
What type of property is this?
Bank - Freestanding bank building with drive-thru on a large lot.
Where is this bank located?
The property is located at 8210 E Main St Alexandria, KY.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Prime location at a signalized intersection in Alexandria, KY.; High traffic area with excellent development potential.; Three covered drive‑thru lanes.
