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Historic Office Property with Apartment
New
For Sale
$647,000

1542 Frederica Street, Owensboro, KY 42301

COMMERCIAL SALES, Owensboro, KY

Property SizeContact for details
Lot Size0.50 Acres
Days on Market2

Property Features for 1542 Frederica Street

General Information

Property type Residential
Property subtype Office
Subdivision GRIFFITH AREA
Standard status Active
Lot size 0.50 Acres

Utilities

Heating system Natural Gas

Building Details

Year built 1896
Number of units 3
Building materials Brick
Listing Agency: BHG realty
Listed By: John Ross Martin · License #300719
Added: Sep 9 Last Checked: Sep 10 at 8:06PM
MLS# 95726

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

Built in 1896, this historic brick property offers two floors configured for professional office use while retaining its original architectural character. The main residence provides an upscale office setting, and the improvements include a loft-style apartment plus a separate rear home that can support additional office or residential use, subject to applicable requirements. Natural gas heating serves the property.

The site encompasses 0.5 acres at 1542 Frederica Street in Owensboro, Kentucky. A paved parking lot provides on-site parking, while the Frederica Street address offers visibility and access within the city. The combination of office space, an apartment, a detached rear residence, and dedicated parking creates a flexible multi-improvement commercial property.

Key Highlights

  • Two floors of professional office space in a historic 1896 brick building
  • Loft‑style apartment adds a separate residential component
  • Separate home positioned at the rear of the property

Property Analytics

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Current Use

Jackson-Dowell, PLLC Attorneys ... Law Firm

Suggested Use

Top Pick Parking Lot & Garage Dental Office Carpet & Flooring Store Locksmith Catering Service Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,183
Businesses Nearby

Demographics for 42301, KY

44,883
Population
19,833
Households
2.3
Avg Household Size
39
Median Age
26%
College-Educated
91%
High-School Grad
173.0 sq mi
ZIP Area
259
Density / Sq Mi
$62,010
Median Household Income
$37,305
Median Earnings
$883
Median Rent
$180,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Brick professional office property with a rear residence, loft-style apartment, and paved on-site parking.
Where is this office building located?
The property is located at 1542 Frederica Street Owensboro, KY.
What is the asking price?
The asking price for this property is $647,000.
What are key features of this property?
This property features: Two floors of professional office space in a historic 1896 brick building; Loft‑style apartment adds a separate residential component; Separate home positioned at the rear of the property
More about this property
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