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7857 Alexandria Pike
Alexandria, KY 41001
Alexandria Drugs · Retail Property For Sale
Investment Highlights
- Highly visible mixed-use property at a signalized intersection on US-27
- Strong traffic counts of approximately 30,000 vehicles per day
- Four residential units above commercial space, currently income-producing
- Large on-site lot with 30 parking spaces, supporting customer convenience
Executive Summary
Prime high-visibility, mixed-use opportunity located on Alexandria Pike (US-27) in the City of Alexandria, Kentucky. This Highway Commercial-zoned property offers strong income potential and future upside, positioned directly at the signalized corner of Blossom Lane and US-27--directly across from the future Kroger Marketplace development.
The property features four residential units above the commercial space, all currently occupied on month-to-month leases (leases available upon request), providing immediate income with flexibility for repositioning or rent optimization.
Situated along a major commuter corridor with +/- 30,000 vehicles per day, this location offers exceptional exposure for retail, office, or service-based users. A large on-site parking lot accommodating approximately 30 vehicles supports both residential and commercial use.
Strategically located just 15 minutes from Downtown Cincinnati, Newport on the Levee, and Ovation, this property benefits from strong regional connectivity and continued growth in the Alexandria trade area. The upcoming Kroger Marketplace and new traffic signal are expected to significantly enhance accessibility, traffic flow, and long-term value.
Ideal for investors or owner-users seeking a well-located asset with stable income, redevelopment potential, and long-term appreciation in a rapidly growing corridor.
The property features four residential units above the commercial space, all currently occupied on month-to-month leases (leases available upon request), providing immediate income with flexibility for repositioning or rent optimization.
Situated along a major commuter corridor with +/- 30,000 vehicles per day, this location offers exceptional exposure for retail, office, or service-based users. A large on-site parking lot accommodating approximately 30 vehicles supports both residential and commercial use.
Strategically located just 15 minutes from Downtown Cincinnati, Newport on the Levee, and Ovation, this property benefits from strong regional connectivity and continued growth in the Alexandria trade area. The upcoming Kroger Marketplace and new traffic signal are expected to significantly enhance accessibility, traffic flow, and long-term value.
Ideal for investors or owner-users seeking a well-located asset with stable income, redevelopment potential, and long-term appreciation in a rapidly growing corridor.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
6,000 SF
Building Class
C
Year Built
1956
Price
$1,661,436 CAD
Price Per SF
$276.91 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.15
Lot Size
0.92 AC
Zoning
C, Alexandria - Mixed use
Parking
63 Spaces (10.5 Spaces per 1,000 SF Leased)
Frontage
Property Taxes
| Parcel Number | 999-99-26-846.00 | Improvements Assessment | $619,236 CAD |
| Land Assessment | $275,216 CAD | Total Assessment | $894,452 CAD |
Property Taxes
Parcel Number
999-99-26-846.00
Land Assessment
$275,216 CAD
Improvements Assessment
$619,236 CAD
Total Assessment
$894,452 CAD
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