420 Salem Dr 17.69 Acres of Commercial Land Offered at $2,353,036 in Owensboro, KY 42303
INVESTMENT HIGHLIGHTS
- Excellent development opportunity
- 17.692 acres of prime developable land in central Owensboro
- Multiple access points possible for optimal traffic flow
- Direct access to Highway 60
- 1,300+ feet of frontage on Carlton Drive
- One of the last remaining large parcels in this developed commercial corridor
EXECUTIVE SUMMARY
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
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $2,353,036 |
| Price Per AC | $133,015.04 |
| Lot Size | 17.69 AC |
Rare 17.692-acre infill opportunity with 1,300+ ft frontage on Carlton Drive surrounded by established businesses. Currently zoned residential but ideal for future commercial/light industrial development with rezoning.
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.
PROPERTY TAXES
| Parcel Number | 055-00-00-009-00-000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $157,119 |
