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    201 Southtown Blvd Owensboro, KY 42303

    Sponsored
    For Sale
    $1,531,500

    10 Acres, High-Traffic Retail Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 10.21-acre parcel presents a remarkable opportunity for commercial and/or residential development in Owensboro, Kentucky. Strategically located at 201 Southtown Blvd, 42303, this prime land boasts a highly desirable location adjacent to a Lowe's Home Improvement store, ensuring high visibility and accessibility. The property's proximity to a Walmart Supercenter and other established retail businesses further enhances its potential for significant returns. The asking price is $1,531,500, translating to $150,000 per acre, reflecting the land's exceptional value in this thriving regional retail area. The site benefits from easy access to major roadways and a high volume of daily traffic, making it ideal for a variety of commercial ventures. Its zoning allows for both commercial and residential development, offering flexibility for a diverse range of projects. This is a rare opportunity to acquire a substantial tract of land in a rapidly growing market, poised for immediate development and long-term appreciation. The property's location within Daviess County, Kentucky, provides access to a strong local economy and a robust consumer base. Don't miss this chance to secure a prime piece of real estate in a highly sought-after location. Detailed site plans and zoning information are available upon request.

    Property Features for 201 Southtown Blvd

    General Information

    Property type
    Land
    Lot Size
    444,748 SF

    HighLights

    • High‑traffic area with excellent visibility.
    • Adjacent to Lowe's Home Improvement and near other major retailers.
    • 10.21‑acre parcel in a thriving Owensboro, KY regional retail area.
    • Zoned for commercial and residential development, priced at $150,000 per acre.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -87.1821709
    Latitude
    37.7327263

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    FAQs

    What type of property is this?
    Land - 10 Acres, High-Traffic Retail Location
    Where is this land located?
    The property is located at 201 Southtown Blvd Owensboro, KY.
    What is the asking price?
    The asking price for this property is $1,531,500.
    What are key features of this property?
    This property features: High-traffic area with excellent visibility.; Adjacent to Lowe's Home Improvement and near other major retailers.; 10.21-acre parcel in a thriving Owensboro, KY regional retail area.
    Request Owner's contact information
    201 Southtown Blvd Owensboro, KY 42303
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    Owensboro, KY 42303
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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
    201 Southtown Blvd Owensboro, KY 42303
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