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Shadow-Anchored Retail Shopping Center
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416-424 River Hill Drive, Ashland, KY 41101

16,000 SF fully occupied retail center shadow-anchored by the city’s only Wal-Mart Supercenter.

Property Size16,000 SF
Days on Market133

Property Features for 416-424 River Hill Drive

General Information

Standard status Active
Size 16,000 SF
Property subtype Retail
Occupancy 100%
Listing Agency: Northmarq
Listed By: Vikaas Patni · License #OH. 200-300-6850
Source: Crexi
Added: Apr 12 Changed: Aug 8 Last Checked: Jul 23 at 3:06PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Northmarq

Investment Insights

Based on property information with market context.

Melody Mountain is a 16,000 SF retail center in Ashland, KY. The property is fully occupied and shadow-anchored by the only Wal-Mart Supercenter in the city.

The tenant roster includes Fresenius Kidney Care, Shogun Japanese Grill, and Verizon Wireless, supporting a mix of everyday and services-oriented businesses within the center.

Melody Mountain is positioned within Ashland, described as eastern Kentucky’s largest urban area and the second principle city in the Huntington-Ashland MSA, with an emphasis on healthcare, commerce, banking, and recreational activities.

Key Highlights

  • 16,000 SF retail center in Ashland, KY that is fully occupied
  • Shadow‑anchored by the city’s only Wal‑Mart Supercenter
  • Diverse tenant roster includes Fresenius Kidney Care, Shogun Japanese Grill, and Verizon Wireless

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Real Estate Agency Law Firm Kitchen & Bath Showroom Electrical Service HVAC Service Skin Care Clinic

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

100%
Occupancy

Location Intelligence

Trade Area within ½ mile

410
Businesses Nearby
54k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Dining 63% Leisure 37%
LongHorn Steakhouse Dining
22,404 visits/mo 0.4 miles
Cinemark Leisure
19,667 visits/mo 0.4 miles
Steak 'n Shake Dining
11,458 visits/mo 0.5 miles

Demographics for 41101, KY

18,559
Population
9,269
Households
2
Avg Household Size
41
Median Age
23%
College-Educated
90%
High-School Grad
10.3 sq mi
ZIP Area
1,802
Density / Sq Mi
$53,491
Median Household Income
$35,713
Median Earnings
$907
Median Rent
$120,100
Median Home Value

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
Rey
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Similar Off Market Nearby

  • Midtown Mall 711 12th St, Ashland, KY 41101
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  • Ashland Town Center 500 Winchester Ave Space # 136, Ashland, KY 41101

Frequently Asked Questions

What type of property is this?
Shopping center - 16,000 SF fully occupied retail center shadow-anchored by the city’s only Wal-Mart Supercenter.
Where is this shopping center located?
The property is located at 416-424 River Hill Drive Ashland, KY.
What are key features of this property?
This property features: 16,000 SF retail center in Ashland, KY that is fully occupied; Shadow‑anchored by the city’s only Wal‑Mart Supercenter; Diverse tenant roster includes Fresenius Kidney Care, Shogun Japanese Grill, and Verizon Wireless
(513) 588-1126 Call to check price and availability
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