3098 Dixie Hwy, Edgewood, KY 41018-1826
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.
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
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Property description
Physical attributes from public recordsZoning & alternative use
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Risks
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