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    Weaver Rd Florence, KY 41042

    For Sale
    $695,000

    9.7-acre development opportunity in prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 9.716-acre parcel, zoned Urban Residential Two (UR-2), presents a remarkable multifamily development opportunity in the thriving city of Florence, Kentucky. Located on Weaver Road, this property boasts convenient access to the bustling Mall Road corridor, placing future residents within easy reach of a wide array of retail establishments, restaurants, and businesses. The site offers 5.934 acres of buildable land, providing ample space for a substantial project. While 3.78 acres are landlocked, their inclusion could significantly enhance project density and overall value. The asking price for this strategically positioned land is $695,000. This represents a compelling investment in a high-growth area with strong potential for significant returns. The property's address is Weaver Rd, Florence, KY 41042, situated in Boone County. Its precise coordinates are latitude 38.9668948 and longitude -84.6389564. This is a rare chance to acquire a substantial tract of land ideally suited for a multifamily development in a highly desirable Kentucky location. Don't miss this chance to capitalize on the burgeoning Florence real estate market.

    Property Features for 0 Weaver Rd

    General Information

    Property type
    Land
    Lot Size
    423,229 SF

    HighLights

    • 9.716‑acre parcel zoned UR‑2 in Florence, KY.
    • Excellent multifamily development opportunity on Weaver Road, near Mall Road corridor.
    • 5.934 acres of buildable land, plus 3.78 acres potentially increasing density.
    • Asking price: $695,000.
    • Located in Boone County, KY (38.9668948, -84.6389564).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Florence
    County
    Boone
    State
    Kentucky
    Longitude
    -84.6389564
    Latitude
    38.9668948

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    FAQs

    What type of property is this?
    Land - 9.7-acre development opportunity in prime location.
    Where is this land located?
    The property is located at Weaver Rd Florence, KY.
    What is the asking price?
    The asking price for this property is $695,000.
    What are key features of this property?
    This property features: 9.716-acre parcel zoned UR-2 in Florence, KY.; Excellent multifamily development opportunity on Weaver Road, near Mall Road corridor.; 5.934 acres of buildable land, plus 3.78 acres potentially increasing density.
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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
    Weaver Rd Florence, KY 41042
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