Owensboro, KY Retail Property For Sale

Ideally positioned in the heart of Owensboro's primary and growing retail submarket, this 13,500 SF Walmart shadow-anchored strip center presents a compelling opportunity for investors. Built in 2013, the center commands a daily traffic count of over 25,000 vehicles, offering high visibility and patronage to its diverse mix of tenants.

The center boasts a remarkable 97% occupancy rate, hosting a variety of popular establishments such as Wasabi54, the town's best hibachi and sushi restaurant, Eve Nail Salon, Mr. Bubble Tea, Dapper Dog, and the Gateway Hub – an executive office space housing eight furnished and privately rented offices.

Designed with a charming brick construction, the center offers ample parking with 60 spaces, including 3 handicapped spots. A unique advantage is the center's proximity to Walmart, driving additional traffic and providing a boost to all tenants.

The center currently generates a Net Operating Income (NOI) of just under $210,000, with significant potential to further enhance profitability. The upside of this property is to get one of the spaces to market rent when it renews in 2024 as well as continue to lease out the executive office space in the rear of the building as it is the second highest revenue-producing space in the center.

Situated in a high-development area with over 2 million square feet of retail space and an additional 100,000 square feet in the pipeline, this center is perfectly positioned for sustainable growth and profitability. The recent renovation and furnishing of the Gateway Hub Executive Office Space in 2022 further underscore its appeal to contemporary businesses.

Introducing a prime restaurant opportunity along Highway 54/60 Corridor, this well-maintained 6,580 square foot space is currently leased, offering immediate revenue potential. With ample parking for 100 vehicles, patrons enjoy convenience, making it an ideal location for diners. Additionally, lease options are available with favorable 10-year NNN terms at $30 per square foot, presenting a lucrative opportunity for potential lessees. Don't miss out on this turn-key offer set to enhance the dining experience and elevate your restaurant venture.

2.90 AC parcel shadow anchored by Lowe’s

Situated off Frederica St (Hwy 431), the main retail corridor in the trade area

Proximate to prominent power center Owensboro Towne Center

Signalized Access

Nearby retailers include Walmart, Target, Best Buy, PetSmart, Sam’s Club and The

Home Depot

Now offering a free standing building situated in a prime location with close proximity to Walmart and excellent visibility from Frederica Street. This property features excellent viability, easy ingress and egress access. Frederica Street is the primary retail corridor in the market. Anchored by Walmart, Target, Best Buy, Lowe's, Home Depot, Sam's Club, and Town Square Mall.