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    501 Frederica St Owensboro, KY 42301

    Under Contract
    For Sale
    $230,000

    Mixed Use, Free-standing - Owensboro, KY

    Type:Mixed Use
    Days on Market:
    26
    Last Refresh:
    Dec 7 at 5:06 pm

    Property Features for 501 Frederica St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Standard status
    Active Under Contract
    Parking features
    Paved or Surfaced

    Building Details

    Flooring type
    Concrete
    Architectural style
    Other

    THE BLAKE HAYDEN GROUP (270) 240-1501

    Listing agent John Ross Martin (270) 240-1501 License #300719

    Listing date Nov 12, 2025

    MLS# 93238 Listing URL

    Copyright © 2025 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.

    Overview

    Prime Commercial Opportunity in Owensboro, KY

    Located at the intersection of Frederica Street and 5th in downtown Owensboro, Kentucky, this mixed-use property offers high visibility in a high-traffic area. The property is surrounded by local businesses, restaurants, and community attractions. Currently, the building features a 3-bay shop with office space, presenting versatile options for renovation or redevelopment. The existing structure can be transformed into a modern shop, service center, or office. The site is also ideal for new construction, suitable for a franchise location, restaurant, retail storefront, or local business. This property is a rare opportunity to secure a footprint in one of Owensboro’s most active commercial corridors. The property is to be sold "As-is".
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Owensboro
    County
    Daviess
    State
    Kentucky
    Longitude
    -87.1128801
    Latitude
    37.7712942

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    FAQs

    What type of property is this?
    Mixed-use property - High-visibility mixed-use property in downtown Owensboro, ideal for redevelopment.
    Where is this mixed-use property located?
    The property is located at 501 Frederica St Owensboro, KY.
    What is the asking price?
    The asking price for this property is $230,000.
    What are key features of this property?
    This property features: - Prime downtown location at the high-traffic intersection of Frederica Street and 5th.; - Unmatched exposure in a thriving commercial area.; - Versatile options: renovate existing structure or redevelop the lot.
    (270) 240-1501
    Request Owner's contact information
    501 Frederica St Owensboro, KY 42301
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    Owensboro, KY 42301
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    501 Frederica St Owensboro, KY 42301
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