601 Carlton Dr Owensboro, KY 42303-7718

Property Details for 601 Carlton Dr

Year built

1981

Construction

WOOD

Lot size

0.46 lot acres

Property size

3,750 SF

Property type

Commercial real estate

APN

003-12-27-034-L0-000

APU

0031227034L0000

Description

This exceptional investment opportunity presents a meticulously renovated 4,500 square foot office building located at 601 Carlton Dr, Owensboro, KY 42303. The property, built in 1981 and completely renovated in 2023, boasts a desirable B-4 zoning classification and sits on a 0.45-acre lot (APN: 003-12-27-034-L0-000). Currently operating at 100% occupancy with a well-established CPA firm as a single tenant under a 5-year sale-leaseback agreement, this two-story building offers significant income stability. The asking price is $700,000, translating to a compelling $155.56 per square foot and an attractive 8.20% capitalization rate. The building generates a Net Operating Income (NOI) of $57,375 annually. Its prime location in Owensboro offers convenient access to a variety of dining, retail, and other amenities, ensuring a strong tenant market and continued high occupancy. This sale-leaseback presents a rare opportunity to acquire a high-performing asset with a secure, long-term lease in a thriving Kentucky market. The property's recent renovation ensures modern functionality and aesthetic appeal, making it an ideal investment for discerning buyers seeking strong returns and minimal management responsibilities. This is a turnkey investment ready for immediate income generation.

Location Insight

City

Owensboro

County

Daviess

State

Kentucky

Longitude

-87.1206

Latitude

37.7249

CBSA code

36980

CBSA name

OWENSBORO, KY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments