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    3050 Fairview Dr Owensboro, KY 42303

    Sponsored
    For Sale
    $5,552,000

    Prime 16.98-acre commercial lot, ready to build.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 16.98-acre commercial land parcel presents a prime development opportunity in Owensboro, Kentucky. Located at 3050 Fairview Drive, this cleared and mostly flat lot is ideally situated within Daviess County's rapidly expanding retail and business sector, adjacent to the Highway 54 corridor. The property's zoning permits commercial use, making it suitable for a wide range of development projects. Its strategic location offers excellent visibility and accessibility, ensuring high potential for future success. The asking price for the entire parcel is $5,552,000, or individual lots can be purchased at $325,000 per acre. Surrounding the property is a mix of newer retail establishments and multi-family residential developments, indicating a thriving and growing community. This is a rare chance to acquire a significant land holding in a high-demand area, poised for substantial future growth and return on investment. The property is ready for immediate development, eliminating lengthy preparation delays. This presents a unique opportunity for developers seeking a strategic location with significant potential for long-term growth. The property's size and location make it an attractive investment for both large-scale and smaller development projects.

    Property Features for 3050 Fairview Dr

    General Information

    Property type
    Land
    Lot Size
    739,649 SF

    HighLights

    • 16.98‑acre commercial land parcel in Owensboro, KY, ready for immediate development.
    • Located at 3050 Fairview Drive, adjacent to Highway 54.
    • Zoned for commercial use, suitable for various development projects.
    • Asking price: $5,552,000 total, or $325,000 per acre.
    • Surrounded by retail and multifamily developments, indicating a thriving community.
    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 Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Owensboro
    County
    Daviess
    State
    Kentucky
    Longitude
    -87.060971243449
    Latitude
    37.748181778473

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    FAQs

    What type of property is this?
    Land - Prime 16.98-acre commercial lot, ready to build.
    Where is this land located?
    The property is located at 3050 Fairview Dr Owensboro, KY.
    What is the asking price?
    The asking price for this property is $5,552,000.
    What are key features of this property?
    This property features: 16.98-acre commercial land parcel in Owensboro, KY, ready for immediate development.; Located at 3050 Fairview Drive, adjacent to Highway 54.; Zoned for commercial use, suitable for various development projects.
    (502) 744-1465
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    3050 Fairview Dr 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
    3050 Fairview Dr Owensboro, KY 42303
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