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    237 Burlington Pike Florence, KY 41042

    For Sale
    $425,000

    6.7 Acres, C-1 Zoning, High Traffic

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 6.707-acre commercial land parcel presents a unique investment opportunity in Boone County, Kentucky. Ideally situated at the intersection of Route 237 and Veterans Way in Burlington (zip code 41042), this property boasts a prime location with high visibility and accessibility. Zoned C-1, the land is ready for immediate development, offering significant potential for a variety of commercial uses. All utilities are readily available, including gas, water, sanitary sewer, and storm sewer, simplifying the development process. The property's strategic location directly adjoins a single-story apartment complex and a potential senior living center, creating a synergistic environment and ensuring high foot traffic. Furthermore, the recent construction of a new interchange at Burlington Pike and North Bend Road enhances accessibility and visibility, making this an even more attractive investment. With an average daily traffic count of 43,597 vehicles, this site offers unparalleled exposure for any commercial venture. This is a rare opportunity to acquire a sizable, well-located commercial parcel in a thriving Kentucky market. Don't miss out on this chance to capitalize on the potential of this exceptional property.

    Property Features for 237 Burlington Pike

    General Information

    Property type
    Land
    Lot Size
    292,157 SF

    HighLights

    • 6.707‑acre site.
    • C‑1 zoning.
    • Full utilities available (gas, water, sewer).
    • New interchange at Burlington Pike and North Bend Road.
    • 43,597 average daily traffic (ADT).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Florence
    County
    Boone
    State
    Kentucky
    Longitude
    -84.6583745
    Latitude
    38.9803309

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    FAQs

    What type of property is this?
    Land - 6.7 Acres, C-1 Zoning, High Traffic
    Where is this land located?
    The property is located at 237 Burlington Pike Florence, KY.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: 6.707-acre site.; C-1 zoning.; Full utilities available (gas, water, sewer).
    Request Owner's contact information
    237 Burlington Pike Florence, KY 41042
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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
    237 Burlington Pike Florence, KY 41042
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