Description
Now available! This Prime Commercial Land Opportunity on KY 54 East in Owensboro, KY is well-positioned to welcome your next development in one of Kentucky's most rapidly developing Commercial corridors. This 4 acre+- lot, consists of three contiguous parcels, all Zoned B4 (General Business) and is priced below appraised value of $1.8 M Diverse development potential awaits with approximately 300 Feet of KY 54 Frontage and approximately 84 Feet of Ralph Ave Frontage for secondary access. Frontage on 54 could include a restaurant/commercial development and multi-family housing in the rear of the property with secondary access from 3705 Ralph Ave. Your business and/or multi-family development will receive maximum visibility on this highly traveled corridor with a daily traffic count of approximately 35,000 vehicles. The site, with all available utilities, sits on the most heavily-traveled road in the area and has clear Phase 1 and 2 Environmental testing reports. Just a few of the nearby businesses include Walmart, Chick-Fil-A, Planet Fitness, McDonalds, Taco Bell and Kohls. The site is also well-positioned in proximity to Owensboro Health and Gateway Commons. At an asking price of $1,450,000, this property offers exceptional value for investors or developers with an appraised value of $1.8M+- Don't miss this opportunity to walk into pre-development equity! Two short term rental homes are located on the property. Please respect tenant rights and call listing Agent to schedule a viewing of the residential components. Agent owned.
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0BEDS
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4ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
Now available! This Prime Commercial Land Opportunity on KY 54 East in Owensboro, KY is well-positioned to welcome your next development in one of Kentucky's most rapidly developing Commercial corridors. This 4 acre+- lot, consists of three contiguous parcels, all Zoned B4 (General Business) and is priced below appraised value of $1.8 M Diverse development potential awaits with approximately 300 Feet of KY 54 Frontage and approximately 84 Feet of Ralph Ave Frontage for secondary access. Frontage on 54 could include a restaurant/commercial development and multi-family housing in the rear of the property with secondary access from 3705 Ralph Ave. Your business and/or multi-family development will receive maximum visibility on this highly traveled corridor with a daily traffic count of approximately 35,000 vehicles. The site, with all available utilities, sits on the most heavily-traveled road in the area and has clear Phase 1 and 2 Environmental testing reports. Just a few of the nearby businesses include Walmart, Chick-Fil-A, Planet Fitness, McDonalds, Taco Bell and Kohls. The site is also well-positioned in proximity to Owensboro Health and Gateway Commons. At an asking price of $1,450,000, this property offers exceptional value for investors or developers with an appraised value of $1.8M+- Don't miss this opportunity to walk into pre-development equity! Two short term rental homes are located on the property. Please respect tenant rights and call listing Agent to schedule a viewing of the residential components. Agent owned.
© 2025 Greater Owensboro Realtor® Association MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Empire Property Group | Legendary Brokerage. Data last updated: 2025-03-17T16:11:27.653.