635 Donaldson HWY Erlanger KY 41018

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635 Donaldson HWY

Erlanger, KY 41018

Suburb: Erlanger

$1,700,000

0bd

0 - 0ba

4,600sqft

Active

Location is Everything! Minutes from the airport, I75, and I275. The 4,600 sqft. building is situated on over 1.5 acres with a large parking lot capacity of 100 cars. The current business has been operating as a profitable Restaurant and Bar since 1991. The business name will not transfer to the new owner. All equipment is negotiable. The Erlanger City Council will meet for the 2nd hearing September 3, 2024 to possibly approve Medical Cannabis in Erlanger's city limits. This property is in the proposed zoning for Medical Cannabis Dispensaries. Zoned Highway Commercial. Buyer to verify all information.

Directions

75 N exit Erlanger, L on Donaldson, Property on the Left.

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Property Details

General Information

Property Type	Commercial Sale
Style	Business
Suburb	Erlanger
County	Kenton
Zip Code	41018
MLS#	625579

Additional Information

No. of Buildings	1
Property SqFt.	4,600
Semi-Annual Taxes

Property Features

Construction	Brick, Metal Siding
Lot Dimensions	Irregular
Total Acres	1.53
Water	Public
Sewer	Public Sewer
Foundation	Poured Concrete, Slab

Additional Features

Parking	Parking Lot, On Site
Heating	Natural Gas
Cooling	Central Air

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If a borrower does not have cash to cover at least 20% of the purchase price, some lenders will require the borrower to purchase private mortgage insurance (PMI) to cover against a possible default. Premiums are typically 0.5% to 2.0% of the original loan amount. The borrower can drop the insurance coverage once the mortgage balance is less than 80% of the original purchase price. The calculator handles this automatically. (There may be other conditions as well under which the lender will no longer require PMI. One such case might be apprciation of the real estate.)

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The data relating to the real estate for sale on this web site comes in part from the Broker Reciprocity program of the Northern Kentucky Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than Comey & Shepherd Realtors are marked with the Broker Reciprocity logo or Broker Reciprocity house icon. The properties displayed may not be all the properties available through Broker Reciprocity.

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