3140 Dixie Hwy, Erlanger, KY 41018

$425,000
Sold Price
$425,000
List Price
$750,000
Closing Date
Nov 23, 2022
MLS#
603956
Status
SOLD
County
Kenton
City
Erlanger
Acres
0.40

Property Description

The Colonial Cottage restaurant building is for sale with approximately 30 parking spaces on a 0.40 acre site. The property was damaged by a fire in 2021 and needs to be remodeled, but could easily be restored back to the Colonial Cottage or another restaurant concept. Other potential development options include an office building or multi-tenant office building. The building has both upper and lower entrances that would make multi-tenant occupancy easy. Recent capital improvements include a 2 year old roof and a newer HVAC system (both of which can be salvaged with some repairs). The site could be expanded or a long term ground lease is also available. This area of Dixie Highway will be completely transformed with a new Kroger development. Excellent location with high visibility!!!

Additional Information

Year Built
1987
Cooling
Central Air
Heating
Central, Forced Air
Roof
Composition, Shingle

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Calculator source: Real Geeks

Listing courtesy of Copperwood Realty Group LLC. Selling Office: Copperwood Realty Group LLC.