Listed by CBRE - Oak Brook
Unpriced
Florence Mall Former Sears
Details
APN 062.00-25-001.01
Property Type Retail
Sub Type Storefront
Square Footage 157,893
Tenancy Vacant
Year Built 1976
Acreage 12.000
Zoning C-2
Parking Spaces 735 spaces
Parking Per SqFt 4.66
Investment Type Owner/User
Florence Mall Former Sears
Marketing description
CBRE is pleased to present, as the exclusive advisor, the opportunity to acquire a 100% fee simple interest in the former Sears at Florence Mall. The Property is on ±12.00 acres with a ±157,893-square foot, former Sears building connected to the north end of Florence Mall. Located in Florence, Kentucky, the former Sears box presents a tremendous opportunity for future investors to acquire and re-tenant the existing building or for an owner/user to reimagine the space for their desired use.
Investment highlights
- The Trade Area for Florence Mall Former Sears is derived using CBRE’s proprietary Dimension program. This utilizes cell phone data to provide the area of residence from which a customer travels to the subject property. The trade area is then defined by narrowing the collected data to capture an area that contains at least 70% of customers from a given direction to provide a baseline trade area penetration.
- Within the trade area there is an estimated population of 262,526 residents. The daytime population is robust with 119,878 workers and residents signaling increased traffic to the Property
- Residents within the trade area have strong purchase power with an average household income of $116,019, 32% greater than the Kentucky average, and 2.5% higher than the national average. The average household income is expected to grow 13% over the next five years
- The employment rate is 96.6% and the daytime population in the trade area is 272,966 signaling the high work force environment in the area.
Listing Contacts
Listed by CBRE - Oak Brook
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Zoning
C-2/PD/MR PlannedCommercial Two Planned Development Mall Road
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