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22781189
23397994

420 Salem Dr, Owensboro, KY 42303

SH
KY KY271836
Gulfstream Commercial Services LLC Owensboro
FJ
KY 214716
Gulfstream Commercial Services LLC
Listed by Gulfstream Commercial Services LLC Owensboro, Gulfstream Commercial Services LLC
$2,353,036
427 days on market
Updated 64 days ago

420 SALEM DRIVE

Details
Property Type Land
Sub Type Commercial
Acreage 17.692
Ownership Private Owned
Sale Condition For sale by owner

Land | 17.692 acres

Marketing description

420 SALEM DR - PRIME DEVELOPMENT OPPORTUNITY

17.692 ACRES OF COMMERCIAL/LIGHT INDUSTRIAL LAND

LOT DESCRIPTION

This exceptional 17.692-acre parcel represents a rare infill development opportunity in Owensboro's established commercial corridor. With over 1,300 feet of frontage on Carlton Drive, this undeveloped tract is strategically positioned between major thoroughfares, offering exceptional visibility and accessibility.

PROPERTY DESCRIPTION

Situated in the southern Owensboro between Frederica and JR Miller, this unique property stands as one of the last substantial undeveloped parcels in this high-traffic area. Currently classified as farmland with a single-family residence (built 1963), the 17+ acres are primed for commercial redevelopment. The property includes a 1,648 sq. ft. brick home with basement, detached garage, and barn, but the true value lies in the land's development potential.

The site is completely surrounded by established commercial enterprises, including Iron Jungle Fitness to the north, Carpets Unlimited and Comfort Suites to the east, and convenient storage facilities along the western boundary. Carlton Drive provides excellent connectivity between major commercial arteries, enhancing the property's strategic position within Owensboro's business landscape.

SALE NOTES

  • Being sold as commercial/light industrial development opportunity

  • Offered at market value based on commercial potential, not agricultural assessment

  • Significant infill opportunity in established commercial district

  • Utilities available at property boundary

  • Property can be subdivided for multiple development projects

  • Potential for rezoning to accommodate various commercial enterprises

  • Seller motivated to work with qualified developers

LOCATION ADVANTAGES

  • Central positioning between major Owensboro commercial districts

  • Proximity to complementary businesses driving foot traffic

  • Adjacent to popular establishments including Iron Jungle Fitness, Carpets Unlimited, and Comfort Suites

  • Easy access to major highways and transportation corridors

  • Located in established commercial zone with proven business success

This property represents an extraordinary opportunity for investors and developers seeking a substantial commercial footprint in Owensboro's thriving business district. Don't miss this chance to secure one of the area's last remaining development parcels of this size and strategic position.

Investment highlights

HIGHLIGHTS

  • 17.692 acres of prime developable land in central Owensboro

  • 1,300+ feet of frontage on Carlton Drive

  • Strategic infill location surrounded by established businesses

  • Multiple access points possible for optimal traffic flow

  • One of the last remaining large parcels in this developed commercial corridor

  • Versatile zoning for commercial and light industrial applications

  • Exceptional visibility from surrounding businesses and roadways

  • Properties of this size and central location rarely become available

  • Suitable for retail centers, office parks, light manufacturing, or mixed-use development

  • Potential for phased development approach

Listing Contacts

SH
KY KY271836
Gulfstream Commercial Services LLC Owensboro
FJ
KY 214716
Gulfstream Commercial Services LLC
Listed by Gulfstream Commercial Services LLC Owensboro, Gulfstream Commercial Services LLC

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Additional Information

Name
Scott Higdon
License
KY271836
Brokerage
Gulfstream Commercial Services
Title
VP of Property and Special Projects
Brokerage Address
2960 Fairview Drive
Name
Fahr Juneja
License
214716
Brokerage
Gulfstream Commercial Services, LLC
Title
Principal Broker
Brokerage Address
9700 Park Plaza Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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