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    Us 42 Florence, KY 41042

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    For Sale
    Contact for pricing

    Prime US-42 Commercial Parcels

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial land offering in Florence, KY presents a unique investment opportunity. Multiple parcels are available, ranging in size from one to 3.94 acres, providing flexibility for various development projects. Many parcels boast highly visible frontage along US-42, a well-established corridor experiencing continued residential and commercial growth in both Florence and Union, KY. The property's strategic location ensures excellent accessibility, with multiple signalized access points directly from US-42. This prime location offers unparalleled visibility and convenience. Nearby amenities include a brand-new Kroger Marketplace, diverse restaurants, financial institutions, and a medical office building, further enhancing the property's appeal and potential. High traffic counts support the area's strong commercial viability. Data from 2019 shows 24,745 ADT on Farmview/US-42, while 2005 data indicates 35,300 ADT on Gunpowder/US-42. This presents a compelling opportunity to capitalize on the thriving commercial landscape of Northern Kentucky. The property is located at US 42, Florence, KY 41042. The land is zoned for commercial use (specific zoning information should be verified independently). This is an ideal location for businesses seeking high visibility and convenient access to a robust consumer base.

    Property Features for 0 Us 42

    General Information

    Property type
    Land
    Lot Size
    43,560 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Florence
    County
    Boone
    State
    Kentucky
    Longitude
    -84.6433966
    Latitude
    38.9836806

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    FAQs

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    Land - Prime US-42 Commercial Parcels
    Where is this land located?
    The property is located at Us 42 Florence, KY.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Us 42 Florence, KY 41042
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