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Property profile & analytics
OFF-MARKET
Auto shops

21 Shelby St Florence, KY 41042-1612

1,968 SF Built 1994
Entity Owned 1-yr Hold Free & Clear
Property ID
US34-0107305
Property summary
AI-generated overview

This exceptional mixed-use property, located at 21 Shelby St, Florence, KY 41042, presents a compelling investment opportunity. The 1,968 square foot building, constructed in 1994 and renovated that same year, sits on a 0.29-acre lot (APN: 061.01-26-006.00). Currently zoned FMS, it offers a versatile layout suitable for a variety of commercial uses, including office and auto shop spaces. The property boasts ample parking, a significant advantage for both employees and clients. Its strategic location in Boone County provides easy access to major transportation arteries and highways, ensuring convenient commutes and efficient logistics. The building's proximity to key business centers and amenities further enhances its appeal. This well-maintained property is move-in ready, offering immediate occupancy and the potential for a high return on investment in a thriving market. The asking price is $575,000, translating to $292.17 per square foot. This represents a strong value proposition for investors seeking a profitable commercial venture in a desirable Kentucky location.

Property profile
Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1994
Construction TYPE NOT SPECIFIED
Total area 1,968 SF
APN 061.01-26-006.00
UPID US34-0107305
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Merrell's Truck Sales Car Dealership
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Simpson Properties LLC · 1 yrs held
Simpson Properties LLC
since 2025
Last sale
$400,000
2 recorded transactions
2025
$400,000
2014
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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