Property profile

6920 Burlington Pike Florence, KY 41042

OFF-MARKET
Grocery and convenience stores
Property ID
US34-0634913
71,789 SF 7.29 ac lot Built 1995
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 62,097-square-foot retail space, located at 6920 Burlington Pike in Florence, Kentucky, presents a significant leasing opportunity. The property, a former grocery store, boasts a large, open floor plan, offering considerable flexibility for customization to meet diverse tenant needs. Situated on a 7.01-acre lot, the building features ample on-site parking with 300 spaces, ensuring convenient access for customers and employees. Built in 1988 and renovated in 2005, this Class B property benefits from its prime location on Burlington Pike (KY-18), a bustling retail corridor in Florence. The property enjoys excellent visibility and accessibility, with easy access to major highways I-75 and I-71, providing convenient connections to Cincinnati and Northern Kentucky. The zoning is CM, and the property's tax cost per square foot is $0.88. This location is ideal for a variety of retail, grocery, or large-format commercial uses, providing an excellent opportunity for businesses seeking a strong presence in a thriving community. The property is currently vacant and ready for immediate occupancy. Boone County location.

Property profile

Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 1995
Total area 71,789 SF
Lot 7.29 ac (317,552 SF)
APN 072.00-01-001.00
UPID US34-0634913

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Loan Service Bank
  • Grocery & Convenience Store Food Market
  • Atm Currency Exchange Service
  • Atm Crypto Atm
  • Atm Crypto Atm

Location

6920 Burlington Pike Florence, KY 41042-1619
Florence metro Census 70101 CINCINNATI-MIDDLETOWN, OH-KY-IN METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$6.37M
Blend (final) Blend
$6.53M

Owner & transaction history

Zoning & alternative use

Top alternative use upside
Office building $9.5M +7.8%
Warehouse, storage $9.0M +2.2%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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