Colonial Square Redevelopment

Retail-Commercial for Lease
Catylist Listing ID: 30803048
Property Subtypes: Free-Standing Building, Restaurant
Contiguous Space: 2,500 SF
Gross Building Area: See Agent
Gross Land Area: 2.28 Acres
Lease Rate: $16 - 22 PSF (Annual)
Base Monthly Rent: $3,333 - 4,583
Lease Types: Modified Gross
Building Name: Colonial Square
Last Updated: 3/4/2024

Overview / Comments

Be a part of the redeveloping Colonial Square property on the corner of US 42 and Ewing Blvd in Florence. This redeveloped project will include a variety of retail and office units of varying sizes with abundant parking in highly visible location near I-75. The developer plans to create a retail and office community attracting boutiques, medical office, professional office, restaurants, a coffee shop, bakery, etc.

Exterior of project is 95% complete. Acapulco Seafood restaurant is open and thriving bringing heavy foot traffic.

Expand All Available Space

Suite: First and Second Floor 2,500 SF $16 - 22 PSF (Annual) Modified Gross
Level/Floor: Two
Space Available: 2,500 SF
Lease Rate: $16 - 22 PSF (Annual)
$3,333 - 4,583 (Monthly)
Lease Type: Modified Gross
Space Description: Coming very soon, nearing final completion–new pictures, new paint, siding, window installation. New restaurant Acapulco Seafood is expanding at this property due to new business growth. Be a part of the redeveloping Colonial Square property on the corner of US 42 and Ewing Blvd in Florence. This redeveloped project will include a variety of retail and office units of varying sizes with abundant parking in highly visible location near I-75. The developer plans to create a retail and office community attracting boutiques, medical office, professional office, restaurant, a coffee shop, bakery, etc. Space opportunities will range from approximately 650 to 5400 SF with both first and second floor options available. Building B at 7730 US 42 has entire second floor, 2500 SF for lease at $16/psf or partial second floor, 1250 SF at $16/psf. Building C, entire building, 5900 SF for 1st and 2nd floors, $16/psf. Building C, entire first floor, 3400 SF, $19/SF, Unit A, 1500 SF $19/SF, Unit B, 1250 SF $19/SF, Unit C, 650 SF @ $22/psf, Units A&B, 2750 SF @ $16/psf and entire 2nd floor, 2500 SF/psf @ $16/psf modified gross. The property consists of four buildings, two of which are completely remodeled and are all centered around a central courtyard. The other two buildings are all units are currently in shell condition and landlord is willing to invest in tenant improvement allowance packages. Be a part of the excitement and redeveloped quality space. Interest is building.
Space Subcategory: Strip Center
Date Available: 5/16/2022
Lease Term: 60 Months
Space Type: New

Additional Details

Nearest MSA: Cincinnati
County: Boone
Taxing Authority: Boone County
Tax ID/APN: 061.09-22-006.00
Zoning: O2/UR-IPO
Retail Clientele: General
Property Located Between: Ewing Blvd and US 42
Property Visibility: Excellent
Largest Nearby Street: US 42
Feet of Frontage: 330
Highway Access: US 42 (Dixie Highway) is accessible via I-75
Airports: Cincinnati International Airport, approximately 10 minutes away
Site Description: There are 4 renovated buildings with all new windows, siding, paint, mechanicals on highly visible #US 42 on 2.28 acres.
Area Description: Extremely busy traffic corridor with multiple restaurants, shopping, retail options and established businesses. Across the street is access to Florence Industrial Park.
Tenancy: Multiple Tenants
Total Number of Buildings: 4
Number of Stories: 2
Property Condition: Good
Year Renovated: 2023
Roof Type: Gable
Construction/Siding: Brick/Vinyl Siding
Exterior Description: Acapulco Seafood restaurant occupies the center of the Square and patio. 3 other surrounding buildings offer renovated lease space.
Parking Type: Surface
Parking Description: Abundant parking, resurfaced and striped available in front and back of units.
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Zoning Description: Commercial
Lot Frontage: 330
Lot Depth: 300
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,908 54,328 119,443
Median Age: 34.73 36.23 35.55
Households: 1,810 19,937 44,708

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