Property profile

1100 Bill Wentz Dr Florence, KY 41042

OFF-MARKET
Retail properties & Spaces
1.36 ac lot
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Property summary

AI-generated overview

This exceptional 1.36-acre commercial lot in Florence, Kentucky, presents a unique investment opportunity. Located on Bill Wentz Drive, this property boasts high visibility from US 42, ensuring significant exposure for any business. The site is zoned C2/PD/CD and already has approval for an express tunnel car wash, significantly reducing development hurdles. An approved concept development plan is in place, streamlining the construction process. Importantly, shared detention is situated on the adjacent parcel (not included in this sale), and the design work for common elements is complete. The purchase price includes a well-funded escrow account dedicated to the construction of these common elements. This turnkey opportunity allows for immediate development, eliminating much of the pre-construction legwork. The property's location in the thriving retail area of Florence, Kentucky, guarantees a strong customer base. The APN is 062.00-42-005.00. This is a rare chance to acquire a fully permitted and partially funded car wash site in a prime location. Don't miss this chance to capitalize on a ready-to-build commercial property. The property is located in Boone County, Kentucky, with a zip code of 41042.

Property profile

Verified
Property type Retail properties & Spaces
Lot 1.36 ac (59,242 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1100 Bill Wentz Dr Florence, KY 41042
Florence metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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