1401 Frederica St - Industrial FOR SALE


Owensboro, KY 42301
$4,125,000 USD
978-727-6513
1401 Frederica St, Owensboro, KY for Sale
$4,125,000 USD
Industrial - FOR SALE
1/28
null | Request Cap Rate

NEW


1401 Frederica St
Owensboro, KY 42301


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$4,125,000 USD

PRICE/SF

$68 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

1401 Frederica St

PROPERTY TYPE

Industrial

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1968

UTILITIES

-

CLEAR CEILING HT

18 Ft

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.6

LAND SF

156,816

ZONING

I-1 (Light Industrial)

APN/PARCEL ID

002-02-01-001-A0-000

ASK ABOUT THIS PROPERTY

Daniel LynchBellCornerstoneMore Info
978-727-6513

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Daniel LynchBellCornerstoneMore Info
978-727-6513

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.