3245 Mount Moriah Ave Owensboro, KY 42303
Walmart shadow-anchored strip center in Owensboro's retail hub.
Property size:
20,060 SFLot size:
1.75 AcresProperty Features for 3245 Mount Moriah Ave
General Information
- Size
- 20,060 SF
- Lot size
- 1.75 Acres
Source:
Moodyscre
Listing Agent: Bo Barron
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Owensboro Retail Investment Opportunity
This 20,600 square foot retail center, constructed in 2008, is located in Owensboro's main retail area. The property is shadow-anchored by Walmart and surrounded by national retailers, including Kohl's and a Publix under construction. The location benefits from high traffic, with over 25,000 vehicles passing daily. The property is also located less than three miles from the region's largest hospital. The building features a brick facade and stone construction. The property is currently 100% occupied with multi-year leases. The tenant roster includes LabCorp, an urgent care facility, GameStop, and a nail salon. The average lease price has increased over the past 36 months from $12.19 per square foot to $18.92 per square foot, while the current market rate is nearly $22 per square foot. Three tenants will expire or renew in the next 18 months who are more than $6 per square foot below market rent, presenting an opportunity for rental growth.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Claudia Abrams
General Practitioner
Boutique 54
Boutique
Luxury Nails and Spa
Nail Salon
Super smoke Shop
Tobacco Shop
Ashley Cundiff
Nurse Practitioner
Location Insight
- Map
- Local Demand
- City
- Owensboro
- County
- Daviess
- State
- Kentucky
- Longitude
- -87.0587563
- Latitude
- 37.7545652
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FAQs
What type of property is this?
Strip mall - Walmart shadow-anchored strip center in Owensboro's retail hub.
Where is this strip mall located?
The property is located at 3245 Mount Moriah Ave Owensboro, KY.
What is the asking price?
The asking price for this property is $4,875,000.
What are key features of this property?
This property features: - 100% Occupancy with Multi-Year Leases: Provides immediate and stable income stream.; - Significant Rental Growth Potential: Current leases are below market rate, offering substantial upside.; - Walmart Shadow-Anchored: Benefits from the high traffic and customer draw of a major retailer.