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Strip Mall Retail Space

3118 E Alvey Park Drive Unit 1, Owensboro, KY 42303

For Lease
$18 SF/Yr NNN

COMMERCIAL LEASE, Owensboro, KY

Space Size1,750 SF
Days on Market216

Property Features for 3118 E Alvey Park Drive Unit 1

General Information

Property type Commercial Lease
Property subtype Retail
Subdivision EAST
Standard status Active

Utilities

Heating system Forced Air
Cooling system Gas (Cooling), Central Air

Building Details

Roof type Rubber
Listing Agency: Triple Crown Realty Group
Listed By: The Gasser Group
Added: Apr 8 Changed: Oct 13 Last Checked: Nov 9 at 10:06PM
MLS# 94531

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.

Rey
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Investment Insights

Based on property information with market context.

Retail space is available within a strip center and can be configured into smaller units beginning at 1,750 s.f. The space is offered on an NNN lease and includes central air conditioning, forced-air heating, and a rubber roof.

The property is located at 3118 E Alvey Park Drive Unit 1 in Owensboro, Kentucky, within a high-traffic commercial area. The site offers convenient access and visibility from a heavily traveled local street.

Key Highlights

  • Retail space in a high‑traffic strip center area
  • Divisible into smaller units with a minimum of 1,750 s.f.
  • NNN lease structure

Property Analytics

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Current Use

Owensboro Vapors (Bike/Boat/Book/etc) Store VAPURZ ECIG vapor Electronics & Wireless Store Window Replacement Company General Contractor Elevate Insurance Agency ... Insurance Agency Custom Vapors LLC (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Building Supply Hair Salon Auto Repair Shop Big Box & Wholesale Store Law Firm Auto Parts Store

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

Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

614
Businesses Nearby
630k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 49% Superstores 17% Apparel 11% Home Improvements & Furnishings 8%
Walmart Superstores
108,206 visits/mo 0.3 miles
Academy Sports + Outdoors Apparel
52,696 visits/mo 0.2 miles
Menards Home Improvements & Furnishings
43,313 visits/mo 0.5 miles
Raising Cane's Chicken Fingers Dining
41,632 visits/mo 0.5 miles
Chick-fil-A Dining
34,712 visits/mo 0.1 miles

Demographics for 42303, KY

41,877
Population
18,055
Households
2.3
Avg Household Size
39
Median Age
26%
College-Educated
89%
High-School Grad
48.8 sq mi
ZIP Area
858
Density / Sq Mi
$63,010
Median Household Income
$41,272
Median Earnings
$941
Median Rent
$183,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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

Frequently Asked Questions

What type of property is this?
Strip mall - Divisible retail space is offered on an NNN lease with central air conditioning.
Where is this strip mall located?
The property is located at 3118 E Alvey Park Drive Unit 1 Owensboro, KY.
What is the lease rate?
The lease rate is $18 SF/Yr.
What are key features of this property?
This property features: Retail space in a high‑traffic strip center area; Divisible into smaller units with a minimum of 1,750 s.f.; NNN lease structure
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