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3357 Highway 54 - 9.22± AC | PRIME HWY 54 COMMERCIAL DEV 9.22 Acres of Commercial Land Offered at $2,950,000 in Owensboro, KY 42303
Investment Highlights
- Strategic Location: Set on the busiest road in Owensboro, KY
- Existing Infrastructure: Includes office space, storage facilities, and parking
- Versatile Development Potential: Ideal for various commercial applications
- Extensive Frontage: Highly visible with significant road exposure
- Proximity to Major Brands: Recently opened Chick-fil-A nearby, indicating area growth
- High Traffic Volume: ~30,000 cars pass by daily
Executive Summary
The site is currently zoned I-1 Light Industrial, supporting a variety of flex, warehouse, storage and commercial-support uses by right. The surrounding area is predominantly commercial, with a credible path to B-4 rezoning for retail, restaurant/QSR, medical and other commercial uses, subject to applicable approvals.
The property is not located within a floodplain. Water, sanitary sewer, gas and AT&T fiber are available along the Highway 54 frontage.
A major corridor improvement is underway with the $23.3 million KY 54 widening project nearing completion, further enhancing access, capacity and long-term development potential along this already active growth corridor.
Existing improvements include a 1,632 SF office building, two 2,400 SF storage buildings, a 472 SF garage and a 1,360 SF covered carport. Improvements convey as-is.
Property is being offered as a whole 9.22± acre tract.
Property Facts
| Price | $2,950,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 9.22 AC |
| Property Type | Land | No. Stories | 1 |
| Zoning | I-1 - Commercial | ||
| Price | $2,950,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 9.22 AC |
| No. Stories | 1 |
| Zoning | I-1 - Commercial |
1 Lot Available
Lot
| Price | $2,950,000 | Lot Size | 9.22 AC |
| Price Per AC | $319,956.62 |
| Price | $2,950,000 |
| Price Per AC | $319,956.62 |
| Lot Size | 9.22 AC |
9.22± acres on Hwy 54 with ~544 FT of frontage and ~30K AADT. I-1 zoning in place with a credible path to B-4 uses. Not in a floodplain. $23.3M Hwy 54 widening project nearing completion. Offered at $2.95M.
Description
3357 Highway 54 offers a rare opportunity to acquire **9.22± acres of contiguous commercial development land** along one of Owensboro’s most active growth corridors. The property features approximately **544 FT of Highway 54 frontage** and exposure to roughly **30,000 vehicles per day**, providing strong visibility for a wide range of commercial uses. The site is currently zoned **I-1 Light Industrial**, allowing multiple flex, warehouse, storage and commercial-support uses by right. The surrounding area is heavily commercial, and there is a **credible path to B-4 rezoning** for retail, restaurant/QSR, medical and other commercial uses, subject to applicable approvals. The property is **not located within a floodplain**, and water, sanitary sewer, gas and AT&T fiber are available along the Highway 54 frontage. The surrounding corridor continues to see significant investment, including the **$23.3 million KY 54 widening project**, which is nearing completion and is expected to further improve capacity, access and long-term development potential in the area. Existing improvements include a **1,632 SF office building**, **two 2,400 SF storage buildings**, a **472 SF garage** and a **1,360 SF covered carport**. The property is offered as a whole at **$2,950,000** and presents flexibility for developers, owner-users and investors seeking a high-visibility position along Hwy 54.
Property Taxes
| Parcel Number | 074-00-00-203-00-000 | Improvements Assessment | $118,400 |
| Land Assessment | $2,305,250 | Total Assessment | $2,423,650 |
Property Taxes
