516 Enterprise Dr Erlanger, KY 41017-1526
This exceptional 9,600 square foot industrial property, located at 516 Enterprise Drive in Erlanger, Kentucky, presents a compelling opportunity for owner-users or investors. Built in 1977, this versatile building boasts a General Industrial (GI) zoning permit and sits on a one-acre lot. The structure offers a flexible layout, previously configured as a two-tenant facility with independent entrances and separately metered utilities, providing significant adaptability for various business needs. The property includes three dock-high loading doors for efficient material handling. Adding to its functionality is an existing 2,400 square foot mezzanine storage area, significantly increasing overall usable space. Situated in Kenton County, KY, zip code 41017, this property offers convenient access to major transportation routes, making it an ideal location for distribution and logistics operations. The asking price is $1,100,000. This is a rare opportunity to acquire a well-located, functional industrial building with significant potential.
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
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Risks
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