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    Property profile & analytics
    OFF-MARKET Estimated value $975,000
    Drive through restaurants

    3098 Dixie Hwy, Edgewood, KY 41018-1826

    1,882 SF 0.42 ac lot Built 1984
    Entity Owned 2-yr Hold ~ Est. High Equity
    Property ID
    US34-0396624
    Property summary
    AI-generated overview

    This 1,882-square-foot vacant restaurant building is situated on a 0.42-acre lot in Erlanger, Kentucky, at 3098 Dixie Hwy, zip code 41018. Built in 1982, the single-story building sits on a hard corner with excellent visibility and two points of ingress/egress. The property boasts a drive-thru and pylon sign, enhancing its appeal to potential tenants. Zoned Community Commercial (CC), it allows for a wide range of retail and office uses. The location offers exceptional visibility along Dixie Highway (US-25), a major thoroughfare with over 24,000 vehicles daily. A new Kroger with a pharmacy and gas station is planned for construction directly across the street, expected to open in 2025. The property benefits from its proximity to a dense retail corridor, including numerous national brands such as McDonald's, Chipotle, Wendy's, and more. Its adjacency to Dixie Heights High School (1,400+ students) and the Dixie Heights Sports Complex further enhances its potential. The location is also conveniently situated 0.7 miles from Interstate 275, near the I-71/I-275 interchange, 7 miles from Cincinnati/Northern Kentucky International Airport, and 10 miles from Downtown Cincinnati. Strong demographics support the property's value, with a population exceeding 143,000 within a 5-mile radius, projected to grow by 2027. The daytime population exceeds 167,400, and average household incomes within a 3-mile radius are over $100,000. The property is available for sale or lease.

    Property profile
    Verified
    Property type Drive through restaurants
    Use group DRIVE-THRU RESTAURANT, FAST FOOD
    Year built 1984
    Total area 1,882 SF
    Lot 0.42 ac (18,295 SF)
    APN 015-10-15-001.00
    UPID US34-0396624
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $975k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $975k
    Owner & transaction history
    Ctbw Limited Liability Company · 2 yrs held
    Ctbw Limited Liability Company
    since 2023
    Last sale
    $975,000
    1 recorded transaction
    2023
    $732,060
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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