Multi-Tenant Storefront
New
For Sale
Contact for pricing
8419 US Hwy 42, Florence, KY 41042
C-2 zoning and garage-door access to the basement support a flexible retail configuration.
Property Size5,184 SF
Price / SF$327.93
Days on Market4
Property Features for 8419 US Hwy 42
General Information
Standard status
Active
Size
5,184 SF
Property subtype
RETAIL
Zoning
C-2
Building Details
Buildings
1
Stories
1
Listing Agency:
KW Northern Kentucky Commercial
(859) 652-4662
Listed By:
Derrick Plunkett · License #219608
(859) 620-5830
Source:
Moodyscre
Added: Oct 12
Changed: Oct 15
Last Checked: Oct 15 at 2:35AM
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 KW Northern Kentucky Commercial
Investment Insights
Based on property information with market context.
This single-story storefront property in Florence, Kentucky, contains 5,184 SF of retail space and a separate 5,184 SF basement. The basement includes garage-door access, and the layout is suited to multi-tenant retail occupancy.
The property is located at 8419 US Hwy 42 in Boone County and is zoned C-2.
The property is located at 8419 US Hwy 42 in Boone County and is zoned C-2.
Key Highlights
- 5,184 SF of street‑level retail space
- Separate 5,184 SF basement with garage‑door access
- Layout supports multi‑tenant retail use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,575
Cap Rate
3.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,251,500
$1.3M
Cap Rate 7%
$893,929
$893.9K
Cap Rate 9%
$695,278
$695.3K
Market Conditions
NOI Build-Up for 5,184 SF
Gross rent
$93.3K $18.00/SF
− Vacancy
−$3.9K −$0.76/SF
EGI
$89.4K $17.24/SF
− OpEx
−$26.8K −$5.17/SF
NOI
$62.6K $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%
$1,251,500
Cap Rate 7%
$893,929
Cap Rate 9%
$695,278
Alternative Uses
Best Use
Retail
$893.9K
$782.2K – $1.04M
NOI $62,575 @ 7.0% cap · market cap 3.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M
NOI $100,030 @ 7.0% cap · market cap 5.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
607
Businesses Nearby
174k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 50%
Dining 41%
Home Improvements & Furnishings 6%
Apparel 2%
McDonald's
Dining
32,049 visits/mo
0.4 miles
Dollar Tree
Shops & Services
28,266 visits/mo
0.2 miles
Speedway
Shops & Services
15,971 visits/mo
0.2 miles
Taco Bell
Dining
13,572 visits/mo
0.4 miles
Burger King
Dining
13,019 visits/mo
0.1 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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - C-2 zoning and garage-door access to the basement support a flexible retail configuration.
Where is this storefront property located?
The property is located at 8419 US Hwy 42 Florence, KY.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 5,184 SF of street‑level retail space; Separate 5,184 SF basement with garage‑door access; Layout supports multi‑tenant retail use
