3050 Fairview DrOwensboro, KY 42303

  • Commercial real estate
  • 46,646 SF
For Sale
$5,552,000 View listing

Property Details for 3050 Fairview Dr

Year built
2007
Lot size
6.55 AC
Property size (Sq ft)
46,646 SF
Property type
Commercial real estate
APN
003-46-01-001-00-000
APU
3460100100000

Description

This exceptional 16.98-acre commercial land parcel presents a prime development opportunity in Owensboro, Kentucky. Located at 3050 Fairview Drive, this cleared and mostly flat lot is ideally situated within Daviess County's rapidly expanding retail and business sector, adjacent to the Highway 54 corridor. The property's zoning permits commercial use, making it suitable for a wide range of development projects. Its strategic location offers excellent visibility and accessibility, ensuring high potential for future success. The asking price for the entire parcel is $5,552,000, or individual lots can be purchased at $325,000 per acre. Surrounding the property is a mix of newer retail establishments and multi-family residential developments, indicating a thriving and growing community. This is a rare chance to acquire a significant land holding in a high-demand area, poised for substantial future growth and return on investment. The property is ready for immediate development, eliminating lengthy preparation delays. This presents a unique opportunity for developers seeking a strategic location with significant potential for long-term growth. The property's size and location make it an attractive investment for both large-scale and smaller development projects.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $9,223,532
    Hospitality
    $8,448,705
    Educational
    $7,029,224
    Medical
    $7,270,970
    Retail
    $10,934,348
3050 Fairview Dr, Owensboro, Kentucky

Location Insight

City
Owensboro
County
Daviess
State
Kentucky
Latitude
37.7478
Longitude
-87.06
CBSA code
36980
CBSA name
OWENSBORO, KY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
0
-
-
-
$983,000
-
-
-
$983,000

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