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Shopping Center Retail Space
For Lease
$3,500/Mo

3980 Frederica St, Owensboro, KY 42301

COMMERCIAL - Owensboro, KY

Space Size3,500 SF - 5,000 SF
Lot Size8.70 Acres
Days on Market46

Property Features for 3980 Frederica St

General Information

Property type Commercial Lease
Property subtype Retail
Parking features Special Needs
Interior features Concrete, Sheet Rock
Subdivision SOUTH
Standard status Active
Lot size 8.70 Acres

Utilities

Heating system Forced Air
Cooling system Central Air, Electric
Water source Public

Building Details

Roof type Rubber, Flat
Listing Agency: Triple Crown Realty Group
Listed By: DAUGHERTY - PHELPS TEAM
Added: Jun 25 Changed: Aug 4 Last Checked: Aug 9 at 11:06PM
MLS# 95177

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.

Sherwood Shopping Center is a retail shopping center featuring over 100,000 SF of national, regional, and local retailers/tenants. An available retail space ranging from 3,500 to 5,000 SF is offered within the center.

The property is located in the busiest retail corridor in Owensboro with easy access on and off I-60 bypass. Sherwood also has direct exposure to Frederica Street (Highway 431).

On-site building systems include forced air heating with electric central air cooling. Interior finishes noted include concrete and sheet rock, and the roof is described as flat and rubber. Public water service is listed, along with special needs parking.

Key Highlights

  • Retail space available: 3,500 to 5,000 SF at Sherwood Shopping Center
  • Over 100,000 SF of national, regional, and local retailers/tenants
  • 8.7‑acre shopping center site

Property Analytics

Current Use

Dollar Tree Grocery & Convenience Store

Suggested Use

Top Pick Law Firm Real Estate Agency Big Box & Wholesale Store Parking Lot & Garage HVAC Service Spa & Massage Center

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
Yes
Highway access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,073
Businesses Nearby
32k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 49% Hotels & Casinos 32% Dining 19%
Hampton Inn & Suites Downtown Owensboro/Waterfront Hotels & Casinos
9,587 visits/mo 0.1 miles
Mellow Mushroom Dining
6,007 visits/mo 0.1 miles
Dollar General Shops & Services
4,495 visits/mo 0.3 miles
Shell Shops & Services
4,190 visits/mo 0.5 miles
Old National Bank Shops & Services
3,340 visits/mo 0.1 miles

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

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

  • Southgate Center Frederica St, Owensboro, KY 42301
  • Fountain Square Owensboro, KY 42301
  • Sherwood Plaza 4010 Frederica St, Owensboro, KY 42301

Frequently Asked Questions

What type of property is this?
Shopping center - Retail space available at Sherwood Shopping Center with direct Frederica Street exposure and easy access to I-60 bypass.
Where is this shopping center located?
The property is located at 3980 Frederica St Owensboro, KY.
What is the lease rate?
The lease rate is $3,500/Mo.
What are key features of this property?
This property features: Retail space available: 3,500 to 5,000 SF at Sherwood Shopping Center; Over 100,000 SF of national, regional, and local retailers/tenants; 8.7‑acre shopping center site
More about this property
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