Melody Mountain Shopping
New
For Sale
$11,180,000
469 River Hill Dr, Ashland, KY 41101
The shopping center was constructed in 2013 and offers 65,525 square feet of commercial space.
Property Size65,525 SF
Price / SF$170.62
Days on Market3
Property Features for 469 River Hill Dr
General Information
Standard status
Active
Size
65,525 SF
Property subtype
Shopping Regional
Amenities
100 Percent Occupied, 65,525-Square-Foot Regional Retail Center Anchored by National Credit Tenants DICK'S Sporting Goods and PetSmart
Durable Cash Flow Profile |Weighted Average Lease Term of 4.2 Years with Long-Term PetSmart Lease Extending Through 2038
Shadowed by Top 6 Percent WM in the US - Over 3.2 Million Annual Visits; Top Seven Percent in the State and Ranked #1 in the Immediate Area
National Tenant Lineup Represents 100 Percent of Gross Leasable Area | DICK'S Sporting Goods, PetSmart, OneMain Financial, and Great Clips
95 Percent of Gross Leasable Area Occupied by Original Tenants - Tenure of Over 13 Years
Neighboring Ashland Town Center Shop Rents - $70-$100 per Square Foot and Triple-Net's -Tenured Tenants in Place for Over 10 Years
Building Details
Building Size
65,525 SF
Year Built
2013
Listing Agency:
Marcus & Millichap | Cleveland
(216) 264-2043
Listed By:
Craig Fuller · License #License(s): OH: SAL.2008001551
(216) 264-2043
Source:
Marcusmillichap
Added: Aug 28
Changed: Aug 29
Last Checked: Aug 29 at 10:18PM
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 Marcus & Millichap | Cleveland
Investment Insights
Based on property information with market context.
Melody Mountain is a shopping center comprising 65,525 square feet of commercial space. The property was completed in 2013.
Located at 469 River Hill Dr in Ashland, Kentucky, the center is identified by ZIP code 41101.
Located at 469 River Hill Dr in Ashland, Kentucky, the center is identified by ZIP code 41101.
Key Highlights
- 65,525 square feet of commercial space
- Constructed in 2013
- Located at 469 River Hill Dr, Ashland, KY 41101
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
501
Businesses Nearby
106k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 65%
Leisure 19%
Shops & Services 13%
Home Improvements & Furnishings 3%
LongHorn Steakhouse
Dining
22,404 visits/mo
0.2 miles
Cinemark
Leisure
19,667 visits/mo
0.3 miles
Applebee's
Dining
15,590 visits/mo
0.4 miles
Dollar Tree
Shops & Services
14,195 visits/mo
0.3 miles
Moe's Southwest Grill
Dining
12,748 visits/mo
0.4 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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - The shopping center was constructed in 2013 and offers 65,525 square feet of commercial space.
Where is this shopping center located?
The property is located at 469 River Hill Dr Ashland, KY.
What is the asking price?
The asking price for this property is $11,180,000.
What are key features of this property?
This property features: 65,525 square feet of commercial space; Constructed in 2013; Located at 469 River Hill Dr, Ashland, KY 41101
