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    3245 Mount Moriah Ave Owensboro, KY 42303

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    For Sale
    $4,875,000

    Walmart shadow-anchored strip center in Owensboro's retail hub.

    Property size:
    20,060 SF
    Lot size:
    1.75 Acres

    Property Features for 3245 Mount Moriah Ave

    General Information

    Size
    20,060 SF
    Lot size
    1.75 Acres

    Source: Barron Commercial Group 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

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

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

    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.
    (270) 313-2444
    Request Owner's contact information
    3245 Mount Moriah Ave Owensboro, KY 42303
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    Owensboro, KY 42303
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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
    3245 Mount Moriah Ave Owensboro, KY 42303
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