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8693 Evergreen Dr 5.16 Acres of Commercial Land Offered at $554,000 in Florence, KY 41042
Investment Highlights
- ±5 acres positioned for future redevelopment
- Strong surrounding residential density
- Suitable for a variety of redevelopment concepts
- Nearby retail, restaurants, business services, and industrial employment centers
Executive Summary
NKY LAND REDEVELOPMENT OPPORTUNITY
Strategically positioned ±5 acre development site in a growing Northern Kentucky market, surrounded by established residential density and expanding commercial activity.
The property is currently zoned Residential, and improved in 1950s with house (3BR, 1.5 BA, 1-car attached garage, additional detached garage); however, the site presents a compelling opportunity for developers seeking multiple residential lots, townhome, multi-family, or higher-density residential redevelopment potential, subject to zoning and municipal approvals.
Located within an area experiencing continued residential and commercial growth, the property is surrounded by single-family neighborhoods, apartment communities, and multi-family developments while also benefiting from close proximity to restaurants, retail centers, industrial employers, healthcare, and everyday consumer services.
Contact broker for additional property information, due diligence materials, or to schedule a site tour.
Strategically positioned ±5 acre development site in a growing Northern Kentucky market, surrounded by established residential density and expanding commercial activity.
The property is currently zoned Residential, and improved in 1950s with house (3BR, 1.5 BA, 1-car attached garage, additional detached garage); however, the site presents a compelling opportunity for developers seeking multiple residential lots, townhome, multi-family, or higher-density residential redevelopment potential, subject to zoning and municipal approvals.
Located within an area experiencing continued residential and commercial growth, the property is surrounded by single-family neighborhoods, apartment communities, and multi-family developments while also benefiting from close proximity to restaurants, retail centers, industrial employers, healthcare, and everyday consumer services.
Contact broker for additional property information, due diligence materials, or to schedule a site tour.
Property Facts
| Price | $554,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Condition | Redevelopment Project | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 5.16 AC |
| Zoning | Residential | ||
| Price | $554,000 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 5.16 AC |
| Zoning | Residential |
1 Lot Available
Lot
| Price | $554,000 | Lot Size | 5.16 AC |
| Price Per AC | $107,364.34 |
| Price | $554,000 |
| Price Per AC | $107,364.34 |
| Lot Size | 5.16 AC |
Description
Development Highlights: ·±5 acres positioned for future redevelopment ·Zoned Residential – existing 1950 house onsite ·Suitable for a variety of redevelopment concepts ·Strong surrounding residential density ·Nearby retail, restaurants, business services, and industrial employment centers ·Established infrastructure and surrounding development activity ·Excellent opportunity for infill or transitional development ·Regional accessibility to major Northern Kentucky and Greater Cincinnati corridors
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 062.00-00-091.00 | Improvements Assessment | $149,200 |
| Land Assessment | $20,000 | Total Assessment | $169,200 |
Property Taxes
Parcel Number
062.00-00-091.00
Land Assessment
$20,000
Improvements Assessment
$149,200
Total Assessment
$169,200
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8693 Evergreen Dr
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