Regional Retail Center with National
For Sale
Contact for pricing
469-491 River Hill Dr., Ashland, KY 41101
Fully occupied shopping center anchored by DICK'S Sporting Goods and PetSmart.
Property Size65,525 SF
Price / SF$170.62
Days on Market8
Property Features for 469-491 River Hill Dr.
General Information
Standard status
Active
Size
65,525 SF
Property subtype
Retail
Occupancy
100%
Additional Details
Anchor Co-Tenants
DICK'S Sporting Goods, PetSmart
Building Details
Year Built
2013
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Columbus
Listed By:
Craig Fuller · License #OH 2008001551
Source:
Crexi
Added: Sep 4
Changed: Sep 9
Last Checked: Sep 10 at 7:15AM
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 - Columbus
Investment Insights
Based on property information with market context.
Melody Mountain is a 65,525-square-foot shopping center at 469-491 River Hill Dr. in Ashland, Kentucky. The property is 100% occupied by national tenants, including DICK'S Sporting Goods and PetSmart, with 95% of GLA occupied by original tenants with tenure of 13+ years. Built in 2013, the center features modern construction and a weighted average lease term of 4.2 years. PetSmart’s lease extends through 2038.
The property is situated in Ashland’s regional retail corridor alongside Kohl’s, Ashland Town Center, Midtown Mall, and other national retailers. The center is shadow-anchored by a Walmart store that generates over 3.2 million annual visits. Ashland serves an extended trade area of 30+ miles within the Huntington-Ashland Tri-State MSA, which has more than 366,000 residents.
The property is situated in Ashland’s regional retail corridor alongside Kohl’s, Ashland Town Center, Midtown Mall, and other national retailers. The center is shadow-anchored by a Walmart store that generates over 3.2 million annual visits. Ashland serves an extended trade area of 30+ miles within the Huntington-Ashland Tri-State MSA, which has more than 366,000 residents.
Key Highlights
- 65,525‑square‑foot regional retail center
- 100% occupied by national tenants, including DICK'S Sporting Goods and PetSmart
- 95% of GLA occupied by original tenants with tenure of 13+ years
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
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
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Frequently Asked Questions
What type of property is this?
Shopping center - Fully occupied shopping center anchored by DICK'S Sporting Goods and PetSmart.
Where is this shopping center located?
The property is located at 469-491 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‑foot regional retail center; 100% occupied by national tenants, including DICK'S Sporting Goods and PetSmart; 95% of GLA occupied by original tenants with tenure of 13+ years
