62 Acre Active Development Eat-Drink-Shop & Live Union, KY 41091
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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