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Historic Riverfront Flex Space
For Sale
$1,035,000

321 E 2nd Street, Owensboro, KY 42303

COMMERCIAL SALES, Owensboro, KY

Property SizeContact for details
Days on Market71

Property Features for 321 E 2nd Street

General Information

Property type Commercial Sale
Property subtype Other
Subdivision DOWNTOWN
Standard status Active

Utilities

Heating system Natural Gas

Building Details

Year built 1905
Building materials Brick
Listing Agency: BHG Realty
Listed By: John Ross Martin · License #300719
Added: Jun 22 Changed: Aug 20 Last Checked: Aug 31 at 12:06PM
MLS# 95170

Copyright © 2026 Greater Owensboro Realtor® Association. 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.

The former Wright Machine Company building is a brick flex-space property constructed in 1905. Its I-2 Industrial zoning supports a broad range of documented possibilities, including manufacturing, warehousing, office operations, commercial use, mixed-use redevelopment, entertainment, and adaptive reuse. Natural gas heating is in place.

Positioned along the Ohio River at 321 E 2nd Street, the property is in downtown Owensboro and near restaurants, entertainment venues, attractions, and the city’s business district. The building’s former industrial identity and riverfront setting provide a distinctive base for an owner-user, redevelopment plan, or continued commercial occupancy.

Key Highlights

  • I‑2 Industrial zoning
  • Brick building constructed in 1905
  • Former Wright Machine Company building

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Dental Office Real Estate Agency Storage Facility Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Carpet & Flooring Store

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

Location Intelligence

Trade Area within ½ mile

1,310
Businesses Nearby
Under-served
Demand for This Use

Demographics for 42303, KY

41,877
Population
18,055
Households
2.3
Avg Household Size
39
Median Age
26%
College-Educated
89%
High-School Grad
48.8 sq mi
ZIP Area
858
Density / Sq Mi
$63,010
Median Household Income
$41,272
Median Earnings
$941
Median Rent
$183,400
Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Flex space - Brick industrial building with I-2 zoning supports manufacturing, warehouse, office, and redevelopment uses.
Where is this flex space located?
The property is located at 321 E 2nd Street Owensboro, KY.
What is the asking price?
The asking price for this property is $1,035,000.
What are key features of this property?
This property features: I‑2 Industrial zoning; Brick building constructed in 1905; Former Wright Machine Company building
More about this property
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