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Shopping Center Retail Space
For Lease
$3,500/Mo

3980 Frederica St, Owensboro, KY 42301

COMMERCIAL LEASE, Owensboro, KY

Space Size3,500 SF - 5,000 SF
Lot Size8.70 Acres
Days on Market80

Property Features for 3980 Frederica St

General Information

Property type Commercial Lease
Property subtype Retail
Parking features Special Needs
Interior features Concrete, Sheet Rock
Subdivision SOUTH
Standard status Active
Lot size 8.70 Acres

Utilities

Heating system Forced Air
Cooling system Electric, Central Air
Water source Public

Building Details

Roof type Rubber, Flat
Listing Agency: Triple Crown Realty Group
Listed By: DAUGHERTY - PHELPS TEAM
Added: Jun 25 Changed: Sep 4 Last Checked: Sep 12 at 1:06PM
MLS# 95177

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.

Retail suites ranging from 3,500 to 5,000 SF are available at Sherwood Shopping Center, an 8.7-acre commercial property with more than 100,000 SF of retail space. The center accommodates national, regional, and local retailers and includes concrete and sheet rock interior finishes, forced-air heating, central air, electric cooling, and a flat rubber roof. Public water serves the property.

Located at 3980 Frederica St in Owensboro, the center has direct exposure to Frederica Street, identified as Highway 431, with access to and from the I-60 bypass. Downtown Owensboro, Kentucky Wesleyan College, and Brescia College are described as minutes away, adding established destinations to the surrounding context.

Key Highlights

  • 3,500 - 5,000 SF available within Sherwood Shopping Center
  • More than 100,000 SF of national, regional and local retail tenants
  • 8.7‑acre shopping center property

Property Analytics

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Current Use

Dollar Tree Grocery & Convenience Store

Suggested Use

Top Pick Law Firm Real Estate Agency Big Box & Wholesale Store Parking Lot & Garage HVAC Service Spa & Massage Center

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

Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

444
Businesses Nearby
165k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 62% Shops & Services 29% Hotels & Casinos 4% Beauty & Spa 3%
Texas Roadhouse Dining
43,817 visits/mo 0.4 miles
Chili's Grill & Bar Dining
17,937 visits/mo 0.5 miles
Dollar Tree Shops & Services
15,171 visits/mo 0.1 miles
Wendy's Dining
14,332 visits/mo 0.5 miles
Red Lobster Dining
8,654 visits/mo 0.4 miles

Demographics for 42301, KY

44,883
Population
19,833
Households
2.3
Avg Household Size
39
Median Age
26%
College-Educated
91%
High-School Grad
173.0 sq mi
ZIP Area
259
Density / Sq Mi
$62,010
Median Household Income
$37,305
Median Earnings
$883
Median Rent
$180,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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
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Similar Off Market Nearby

  • Southgate Center Frederica St, Owensboro, KY 42301
  • Sherwood Plaza 4010 Frederica St, Owensboro, KY 42301
  • Fountain Square Owensboro, KY 42301

Frequently Asked Questions

What type of property is this?
Shopping center - Available suites are part of a multi-tenant center with direct exposure to Frederica Street and convenient bypass access.
Where is this shopping center located?
The property is located at 3980 Frederica St Owensboro, KY.
What is the lease rate?
The lease rate is $3,500/Mo.
What are key features of this property?
This property features: 3,500 - 5,000 SF available within Sherwood Shopping Center; More than 100,000 SF of national, regional and local retail tenants; 8.7‑acre shopping center property
More about this property
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