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    5040 Frederica St Owensboro, KY 42301

    For Lease
    $22 SF/Yr ($14,666 /Mo)

    High-traffic retail space available.

    Lot size:
    8,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This Owensboro, KY retail property, located at 5040 Frederica St, offers 8,000 total square feet in a vibrant retail district. The property is zoned B-4 and features a convenient 41,521 square foot lot. Currently, there is 4,480 square feet of vacant space available, divisible into units ranging from 1,480 to 4,480 square feet. The property enjoys high visibility on Frederica Street and benefits from ample parking, making it attractive to a wide range of businesses. The location offers easy access to major highways and public transportation, providing excellent accessibility for both customers and employees. Nearby retail anchors include Target, Walmart, Home Depot, and Lowe's, ensuring high foot traffic and brand recognition. The property's flexible design allows for customization, and the possibility of a drive-thru window adds further versatility. This presents a unique opportunity for businesses seeking a prime location in a thriving retail environment within Daviess County (APN: 004-30-01-006-00-000). The property's strategic location and ample space make it an ideal choice for businesses looking to establish a strong presence in Owensboro's bustling retail scene. This is a multi-tenant property with a variety of potential uses.

    Property Features for 5040 Frederica St

    General Information

    Property type
    Community centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    8,000 SF
    Total Rate
    14666.67

    Unit(s) available at that property

    Space
    N3
    Size
    4,480 SF
    Rate per SF
    $25

    HighLights

    • $22‑25/SF, NNN lease rate.
    • 1,480‑4,480 SF of space available.
    • 3‑7 year lease terms preferred.
    • Drive‑thru window opportunity available.
    • High visibility on Frederica Street.
    • Ample on‑site parking.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Joseph W. Terry, ... Optometrist Dr Joe Terry ... Optometrist Eyemart Express Optician Melissa Hay, OD Optometrist

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Owensboro
    County
    Daviess
    State
    Kentucky
    Longitude
    -87.1252286
    Latitude
    37.7200285

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    FAQs

    What type of property is this?
    Community center - High-traffic retail space available.
    Where is this community center located?
    The property is located at 5040 Frederica St Owensboro, KY.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: $22-25/SF, NNN lease rate.; 1,480-4,480 SF of space available.; 3-7 year lease terms preferred.
    Request Owner's contact information
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    Owensboro, KY 42301
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5040 Frederica St Owensboro, KY 42301
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