29 Olive St, La Center, KY 42056-9809

This 10,500 square foot vacant storefront, formerly a Family Dollar Tree combination store, is available for redevelopment. Located on 1.07 acres in La Center, Kentucky, the property underwent a 2,500 square foot expansion and remodel in 2023, resulting in a modern building in excellent condition. Despite operating successfully as a combo store from August 2023 until its April 2024 closure as part of recent corporate downsizing, this presents a unique opportunity for investors. Situated in Ballard County, La Center offers a strong local market with a diverse population. The property benefits from its proximity to Paducah, Kentucky, and major transportation routes, providing convenient access to a wider regional market. The 5-mile radius boasts a median household income of $44,555 and an average of $66,109, while the 10-mile radius shows a median household income of $50,672 and an average of $67,968. The asking price is $500,000 ($47.62/SF), representing a compelling investment in a well-located, recently renovated retail space. The property is offered fee simple and is also available for lease. Built in 2012, this property presents a strong foundation for a variety of redevelopment possibilities. The property's size and location make it suitable for a range of retail uses, offering significant potential for future growth and profitability.