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

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    • Retail properties & Spaces
    • 62.00 lot acres
    Off-Market

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    Cap Rate Potential
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    Current Use by Public Records

    • Retail properties & Spaces

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

    Lot size
    62.00 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    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.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use


    Location Insight

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    • Local Demand
    City
    Union
    County
    Boone
    State
    Kentucky
    Longitude
    -84.7107
    Latitude
    38.9307
    More about this property
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