21 Shelby St Florence, KY 41042-1612
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.
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Merrell's Truck Sales Car Dealership
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.