7502 Dixie Hwy Florence, KY 41042-2517
- Outlet malls
- 3,088 SF
- 2.80 lot acres
Current Use by Public Records
- Family Dollar / Dollar Store / Beer Store
Property Details for 7502 Dixie Hwy
- Year built
- 1940
- Construction
- WOOD
- Lot size
- 2.80 lot acres
- Property size
- 3,088 SF
- Property type
- Outlet malls
- APN
- 061.24-24-012.00
- APU
- 61242401200
Description
This exceptional 8,302-square-foot freestanding retail building presents a unique investment opportunity in Florence, Kentucky. Located at 7502 Dixie Hwy, this single-tenant property boasts a Class C designation and offers ample parking with 34 spaces. The building is situated on one story, providing convenient access and functionality. The entire 8,302 square feet is currently vacant, presenting a blank canvas for a new tenant or a significant renovation project. The property is zoned for commercial use, aligning with its retail purpose. Its location in Boone County, Kentucky, offers significant advantages. Florence is experiencing rapid growth, making this a strategically positioned asset within a thriving market. The property's proximity to Cincinnati, Ohio (just 10 miles away) and the Greater Cincinnati/Northern Kentucky International Airport (15 minutes away) provides exceptional accessibility and exposure to a large consumer base. This freestanding building offers high visibility and significant potential for a variety of retail businesses. The property's size and parking capacity make it suitable for a range of uses, from larger retail stores to multiple smaller businesses. This is an excellent opportunity to establish a presence in a dynamic and expanding market. The property's zoning and location ensure a strong foundation for long-term success. The vacant status allows for complete customization to meet the specific needs of a new tenant.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,770,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,680,000
- 6.5%
- $1,570,000
- 7%
- $1,720,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,370,000
- Geo Method
- $1,345,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,445,000
- Retail
- $1,680,000
- Mixed-Use
- $1,520,000
- Hospitality
- $1,430,000
- Educational
- $1,725,000
- Residential Income
- $1,605,000
- Energy
- $1,390,000
- Income-Based Land
- $1,590,000
- Food Service
- $1,385,000
Location Insight
- Map
- Local Demand
- City
- Florence
- County
- Boone
- State
- Kentucky
- Longitude
- -84.6257
- Latitude
- 38.9941
- CBSA code
- 17140
- CBSA name
- CINCINNATI-MIDDLETOWN, OH-KY-IN METROPOLITAN STATISTICAL AREA
