BellCornerstone, in conjunction with Tony Clark Realtors, is pleased to present the opportunity to acquire 1401 Frederica Street in Owensboro, Kentucky, a ±60,473 SF office/industrial facility on approximately 3.6 acres along one of Owensboro’s primary commercial corridors. The property includes approximately 38,603 SF above grade and 21,870 SF of functional lower-level space, providing production, warehouse, office and support areas within a single facility. The original building was constructed in 1968 and expanded/renovated in 1997.
1401 Frederica Street is zoned I-1 Industrial, supporting light manufacturing, warehouse and related commercial/industrial uses. The property benefits from frontage along Frederica Street/US-431, a principal north-south corridor, with connectivity to US-60, I-165 and US-231. The offering presents a compelling opportunity for an owner seeking a sizeable industrial/flex facility in the Owensboro market. Its location, visibility, existing improvements and zoning would be difficult to replicate through new construction at a comparable basis.
Partial Sale-Leaseback Opportunity: Ownership may consider leasing back approximately 15,000–17,000 SF of production space, plus a small office component, providing a purchaser with immediate in-place income while retaining the balance for its own occupancy or future leasing. Leaseback terms, rental rate and structure are to be negotiated.