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    62 Acre Active Development Eat-Drink-Shop & Live Union, KY 41091

    For Sale
    Contact for pricing

    Prime Union, KY restaurant opportunity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional restaurant opportunity is located within the vibrant Union Promenade development in Boone County, Kentucky, at the intersection of US-42 and Children's Way. This 62-acre mixed-use development boasts a prime location in one of Northern Kentucky's fastest-growing markets. The site offers excellent visibility and convenient access to US-42, ensuring high traffic volume and exposure for your business. The property features ample parking and the potential for outdoor patio seating, creating a welcoming atmosphere for patrons. Lot 4 offers drive-thru availability, while Lot 5 provides prominent frontage on US-42. The development includes 298 apartment units and 44 patio homes, creating a built-in customer base. Furthermore, the presence of a new 25,000 square foot, $10 million Children's Hospital primary care medical building, along with future tenants such as Goodwood Brewery and United Dairy, will significantly enhance foot traffic and create a thriving community atmosphere. The development also features a Designated Outdoor Refreshment Area (DORA) and extensive pedestrian infrastructure, promoting walkability and a lively environment. This is a unique chance to establish a successful restaurant in a rapidly expanding area with strong community support and significant future growth potential. The property's strategic location and the surrounding amenities make it an ideal investment for a discerning restaurateur.

    Property Features for 62 Acre Active Development Eat-Drink-Shop & Live

    General Information

    Property type
    Restaurants
    Lot Size
    2,700,720 SF

    HighLights

    • High visibility from US‑42 and Childrens' Way.
    • Convenient access.
    • Drive‑thru available.
    • Outdoor patio seating.
    • Ample parking.
    • US‑42 frontage in Union, KY, a rapidly growing market.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Union
    County
    Boone
    State
    Kentucky
    Longitude
    -84.7106567
    Latitude
    38.9306681

    Nearby Comparable

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    • $1,450,000
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      Commercial Land in Union, KY

      Divisible commercial land available in Ballyshannon Neighborhood.
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    • Contact for pricing

      Land with High Visibility

      Land with convenient access, drive-thru, and outdoor seating potential.
      Old Union Rd, Union, KY 41091
      View Details

    FAQs

    What type of property is this?
    Restaurant - Prime Union, KY restaurant opportunity.
    Where is this restaurant located?
    The property is located at 62 Acre Active Development Eat-Drink-Shop & Live Union, KY.
    What are key features of this property?
    This property features: High visibility from US-42 and Childrens' Way.; Convenient access.; Drive-thru available.
    Request Owner's contact information
    62 Acre Active Development Eat-Drink-Shop & Live Union, KY 41091
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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
    62 Acre Active Development Eat-Drink-Shop & Live Union, KY 41091
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