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    7640 Burlington Pike Florence, KY 41042

    For Sale
    $1,100,000

    1.68 Acres, C-3 Zoning, High Traffic

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 1.68-acre commercial land parcel presents a remarkable development opportunity in Florence, Kentucky. Strategically located on Burlington Pike, this property boasts a prime corner lot with excellent visibility and accessibility. The site benefits from high traffic volume, averaging 20,132 vehicles daily, ensuring significant exposure for any future development. Zoned C-3/PD/PO, the property offers considerable flexibility for a wide range of commercial uses. The location is highly convenient, situated just 0.25 miles from the I-75 exit ramp, providing easy access to major transportation arteries. The lot features substantial frontage, with 275 feet along Burlington Pike and 375 feet along Cardinal Drive. To facilitate immediate development, the property will undergo comprehensive site preparation, including grading, compaction, and leveling, ensuring a smooth and efficient construction process. This turnkey opportunity is ideal for developers seeking a high-traffic, well-located site in a thriving Kentucky market. The asking price is $1,100,000. Don't miss this chance to acquire a premier commercial land parcel in Boone County.

    Property Features for 7640 Burlington Pike

    General Information

    Property type
    Land
    Lot Size
    73,181 SF

    HighLights

    • 1.68‑acre commercial lot in Florence, KY with 20,132 AADT.
    • Signalized corner lot on Burlington Pike and Cardinal Drive.
    • 0.25 miles from I‑75 exit ramp.
    • 275' frontage on Burlington Pike and 375' frontage on Cardinal Drive.
    • Site will be fully graded, compacted, and leveled, ready for development.
    • $1,100,000 asking price.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Florence
    County
    Boone
    State
    Kentucky
    Longitude
    -84.6429075
    Latitude
    39.0012784

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    FAQs

    What type of property is this?
    Land - 1.68 Acres, C-3 Zoning, High Traffic
    Where is this land located?
    The property is located at 7640 Burlington Pike Florence, KY.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: 1.68-acre commercial lot in Florence, KY with 20,132 AADT.; Signalized corner lot on Burlington Pike and Cardinal Drive.; 0.25 miles from I-75 exit ramp.
    Request Owner's contact information
    7640 Burlington Pike Florence, KY 41042
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    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
    7640 Burlington Pike Florence, KY 41042
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