2095 Litton Ln Hebron, KY 41048-8612
- Drive through restaurants
- 2,000 SF
- 0.60 lot acres
Current Use by Public Records
- Drive through restaurants
Property Details for 2095 Litton Ln
- Year built
- 2008
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 0.60 lot acres
- Property size
- 2,000 SF
- Property type
- Drive through restaurants
- APN
- 036.00-00-057.11
- APU
- 36000005711
Description
This fee-simple property, located at 2095 Litton Ln, Hebron, KY 41048, presents a compelling value-add investment opportunity. The 1,600-square-foot building, originally a Sonic Drive-In constructed in 2008, sits on a 0.66-acre lot and boasts a total building area of 28,749 square feet, including air rights. Currently vacant, this single-unit structure offers significant potential for redevelopment or re-tenanting. Its prime location near Interstate 275 and North Bend Road ensures high visibility and traffic exposure, with over 34,000 and 27,000 vehicles daily respectively. The property benefits from its proximity to a major industrial park, home to companies like Amazon and Wayfair, creating a substantial daytime population of potential customers. The surrounding area features a dense residential population exceeding 60,000 within a 5-mile radius, with an average household income surpassing $112,000. The property is zoned commercial and offers excellent potential for a variety of retail, dining, or service-oriented businesses. The asking price is $600,000. The Boone County property (APN: 036.00-00-057.11) is offered for sale by owner.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $510,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $565,000
- 6.5%
- $585,000
- 7%
- $515,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $515,000
- Geo Method
- $595,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $530,000
- Retail
- $605,000
- Mixed-Use
- $500,000
- Hospitality
- $620,000
- Educational
- $520,000
- Residential Income
- $520,000
- Energy
- $615,000
- Income-Based Land
- $570,000
- Food Service
- $490,000
Location Insight
- Map
- Local Demand
- City
- Hebron
- County
- Boone
- State
- Kentucky
- Longitude
- -84.7082
- Latitude
- 39.0778
- CBSA code
- 17140
- CBSA name
- CINCINNATI-MIDDLETOWN, OH-KY-IN METROPOLITAN STATISTICAL AREA