Multi-Purpose Downtown Owensboro

511 Frederica St Owensboro, KY 42301

511 Frederica St, Owensboro, KY, 42301
511 Frederica St, Owensboro, KY, 42301 511 Frederica St, Owensboro, KY, 42301 511 Frederica St, Owensboro, KY, 42301
FOR SALE
Property Type:
Multi Tenant Office
Amount:
$1,050,000
Last Verified:
Nov 20, 2024

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Highlights

  • Multi-purpose building suited for office, retail, etc.
  • Three Buildings with a total of 14,508 Sq. Ft.
  • .453 Acres on a Lighted Corner

Description

A prime investment opportunity located at 501, 511, and 513 Frederica St, Owensboro, KY. This multi-purpose property features three buildings totaling 14,508 square feet, providing ample space for office, retail, and various other uses. Situated on a .453-acre lot at a lighted corner, this 1920-built property offers versatile options for investors. Zoned B-4, the property's strategic location and spacious layout make it an ideal choice for office and commercial investors seeking a prominent presence in the growing Owensboro area.

This opportunity offers a prime location on a lighted corner on Frederica Street, surrounded by an array of amenities and attractions. Enjoy the convenience of being minutes away from the Owensboro Convention Center, RiverPark Center, and Smothers Park. Indulge in local dining options at the iconic Colby's Deli and the popular Mellow Mushroom. With easy access to major highways, this location simplifies commuting for employees and visitors. Discover the perfect setting for an office or office building, where culture, entertainment, and business opportunities converge.


Year Built: 1920
Building Size: 14508sq ft
Building Class: B
Lot Size: 0.45 acres


Documents

501, 511, 513 Frederica St - Offering Memorandum

Map of 511 Frederica St, Owensboro, KY, 42301

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
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