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Well-Maintained Neighborhood Shopping Center
For Sale
$3,975,000

1629 Ashland Road, Greenup, KY 41144

COMMERCIAL - Greenup, KY

Property Size73,100 SF
Lot Size9.00 Acres
Price / SF$54.38
Days on Market246

Property Features for 1629 Ashland Road

General Information

Property type Commercial Sale
Property subtype Other
Zoning description HB Highway Business/Commercial
Subdivision Commercial
Directions From I-64 East, take the exit for US-23 North. Turn right onto Archery Street, then left onto Lils Way. Continue and turn right onto Ashland Road. The property will be located on the right.
Standard status Active
Size 73,100 SF
Lot size 9.00 Acres

Building Details

Year built 1978
Listing Agency: Bluegrass Sotheby's International Realty
Listed By: Marcus D Hammond · License #219704
Added: Dec 3, 2025 Changed: Aug 4 Last Checked: Aug 6 at 8:06PM
MLS# 25507271

Copyright © 2026 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Offered by its original owner, this well-maintained shopping center totals approximately 73,100 square feet of retail space on about 9 acres. The property’s parking lot has recently been resurfaced and re-striped, helping support day-to-day customer access and appearance.

Located at 1629 Ashland Road in Greenup, the center is less than one mile from downtown and benefits from excellent visibility. The property also has a stated traffic count of 15,500+ vehicles per day, supporting convenient drive-by access.

For buyers and tenant groups seeking an established retail environment, the center features long-term, stable tenants intended to provide reliable occupancy. With recent exterior improvements, generous acreage, and a highly accessible position near the city center, this offering is presented as an income-producing investment. Additional details and financials are available upon request.

Key Highlights

  • Over 73,000 square feet of retail space
  • Located less than one mile from downtown
  • Consistent income from long‑term, stable tenants

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Storage Facility Furniture & Home Goods Grocery & Convenience Store Carpet & Flooring Store Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

15,500 VPD
Traffic count

Location Intelligence

Trade Area within ½ mile

45
Businesses Nearby
Well-served
Demand for This Use

Demographics for 41144, KY

9,861
Population
3,951
Households
2.5
Avg Household Size
44
Median Age
14%
College-Educated
88%
High-School Grad
141.3 sq mi
ZIP Area
70
Density / Sq Mi
$57,782
Median Household Income
$36,273
Median Earnings
$843
Median Rent
$130,000
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Shopping center - Well-kept shopping center with recently resurfaced, striped parking and strong visibility near downtown.
Where is this shopping center located?
The property is located at 1629 Ashland Road Greenup, KY.
What is the asking price?
The asking price for this property is $3,975,000.
What are key features of this property?
This property features: Over 73,000 square feet of retail space; Located less than one mile from downtown; Consistent income from long‑term, stable tenants
More about this property
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