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    234 Frederica St Owensboro, KY 42301

    For Lease
    $18 SF/Yr

    Class A Office, Retail & Restaurant Space Available

    Lot size:
    68,250 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This five-story, 68,250 square foot Class A office building is ideally situated in the heart of downtown Owensboro, Kentucky. Built in 1969, the property offers a unique blend of retail, restaurant, and office spaces, catering to diverse business needs. Multiple tenancy options are available, with spaces ranging from a minimum of 1,620 square feet to a maximum contiguous space of 14,182 square feet. The first floor features attractive retail and restaurant space, perfect for businesses seeking high visibility and foot traffic. The second floor offers premium Class A office space, ideal for corporate tenants. Enjoy stunning Ohio River views from the first floor and a rooftop outdoor patio. This prime location provides unparalleled access to the Owensboro Convention Center, the Bluegrass Music Hall of Fame, a wide array of restaurants and hotels, and other downtown attractions. The building's central location ensures easy access for employees and clients alike. This exceptional property presents a rare opportunity to secure prestigious office space in a thriving downtown environment. Contact us today to learn more about available spaces and lease terms.

    Property Features for 234 Frederica St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    68,250 SF
    Total Rate
    105218.75

    Building Details

    Year Built
    1969
    Stories
    5

    Unit(s) available at that property

    Space
    2nd Floor Space
    Size
    14,182 SF
    Rate per SF
    $18
    Space
    1st Floor Suite 102
    Size
    1,620 SF
    Rate per SF
    $29

    HighLights

    • Class A, five‑story office building totaling 68,250 square feet.
    • Located in a prime downtown Owensboro, KY location, near the Owensboro Convention Center and other attractions.
    • Offers multiple tenancy options with spaces ranging from 1,620 to 14,182 contiguous square feet.
    • Features first‑floor retail and restaurant space, plus a rooftop patio with Ohio River views.
    • Built in 1969, with a cross street of W 3rd St.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mark Gentry | NMLS# ... Mortgage Lender Samantha Brown, Ruoff ... Mortgage Lender Lisa O'Nan, Ruoff ... Mortgage Lender Jordan Oakley, Ruoff ... Mortgage Lender Tina Gonzalez, Ruoff ... Mortgage Lender

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Owensboro
    County
    Daviess
    State
    Kentucky
    Longitude
    -87.113916879459
    Latitude
    37.773626311695

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    FAQs

    What type of property is this?
    Restaurant - Class A Office, Retail & Restaurant Space Available
    Where is this restaurant located?
    The property is located at 234 Frederica St Owensboro, KY.
    What is the lease rate?
    The lease rate is $18-$29 SF/Yr.
    What are key features of this property?
    This property features: Class A, five-story office building totaling 68,250 square feet.; Located in a prime downtown Owensboro, KY location, near the Owensboro Convention Center and other attractions.; Offers multiple tenancy options with spaces ranging from 1,620 to 14,182 contiguous square feet.
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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
    234 Frederica St Owensboro, KY 42301
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