404-456-7288
864 Fairview Ave, Bowling Green, KY for Sale
Apartments - FOR SALE
1/34
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864 Fairview Ave
Bowling Green, KY 42101
Downtown Bowling Green


HIGHLIGHTS

  • Spacious, Modern Units in A Location
  • Boutique Community Appeal
  • Diverse and Desirable Unit Mix
  • Immediate Upside Potential
  • Proximity to National Retailers
  • Close Proximity to Demand Drivers

OVERVIEW

-Spacious, Modern Units in A Location Fairview Gables is a well-maintained, boutique community, offering an average unit size of 1,117 square feet, well above market average. The site features hardwood flooring, granite countertops, stainless steel appliances, in-unit washers and dryers, private patios, and professionally landscaped grounds. The mix of large flats and two-story townhomes with attached garages caters to tenants seeking comfort, space, and a more residential feel. -Boutique Community Appeal This smaller, sought-after community offers a quiet, residential atmosphere with institutional-quality construction and design. Its manageable size allows for operational efficiency while delivering a lifestyle product not easily replicated in larger, denser communities. -Diverse and Desirable Unit Mix The 47-unit property features 8 1BD units, 24 2BD flats, 15 2BD townhomes with attached garages. -Immediate Upside Potential New ownership can capitalize on two clear value-add opportunities: Gate Activation: Reinstating four non-operational vehicle gates transforms the property into a fully gated community, enhancing both security and market appeal. -Charge for Internet: Charging for internet service allows ownership to generate ancillary income. -Proximity to National Retailers Fairview Gables lies within 15-minutes of Bowling Green’s best retail, including: Greenwood Mall: 970,000 SF, Tenants include: Walmart, Lowes, Target, JCPenney, Belk, Old Navy, Dillard’s, Men’s Warehouse, etc. Shoppes of Gary Farms: 99,700 SF, Tenants include: Dick’s, PetSmart, Home Depot, Meijer, Kohl’s, Staples -Robust Pipeline of Job Growth In 2024 alone, the Bowling Green Area Chamber announced 24 new projects, including a Tyson Foods facility and a steel coil transfer station at Kentucky Transpark. These announcements are projected to generate 600+ jobs and contribute $2.24 billion to the local economy over the next decade -Close Proximity to Demand Drivers Fairview Gables adjoins the corner of the Medical Center Hospital property (3,566 jobs, 530 beds), which houses the University of Kentucky Medical School, the WKU Nurses School, and the Norton Children’s Outpatient Center (#1 Children’s Hospital in KY). Additional nearby demand drivers include: Houchens Industries: 5,467 jobs Warren County Public Schools: 2,565 jobs Western Kentucky University: 1,854 jobs / 16,759 students Dart Container: 1,600 jobs Logan Aluminum HQ (Russellville); 1,345 jobs Bowling Green Assembly (GM Corvette): 1,345 jobs Fruit of the Loom HQ: 1,310 jobs Bowling Green Metalforming HQ: 1,251 jobs Henkel Corporation Laundry Manufacturing: 930 jobs -Surrounded by Retail & Economic Anchors Within 15 minutes of Bowling Green’s premier retail, including: Greenwood Mall (970,000 SF) - Walmart, Target, JCPenney, Dillard’s Shoppes of Gary Farms (99,700 SF) - Dick’s, Meijer, Home Depot, Kohl’s -Explosive Population & Economic Growth The Bowling Green MSA grew 8.38% from 2020 to 2024 (Warren County: 9.94%), ranking among the fastest-growing regions in Kentucky. The nearby Kentucky Transpark continues to drive growth with $7B in economic impact and major job announcements, including Envision’s $2B battery facility.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

47

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fairview Gables

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2019

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.87 AC

LAND SF

125,017 SF

ZONING

-

APN/PARCEL ID

039A-01-062

ASK ABOUT THIS PROPERTY

Brian DevlinThe Kirkland CompanyMore Info
404-456-7288

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Brian DevlinThe Kirkland CompanyMore Info
404-456-7288

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