Gateway Plaza

For Sale

3238 Kidron Valley Way, Owensboro, KY 42303

This Owensboro property for sale is located at 3238 Kidron Valley Way. The current listed sale price for Gateway Plaza is $3,420,000. Gateway Plaza is situated on a lot that is 1.17 acre in size.

Contacts

broker

Bo Barron, CCIM

Barron Commercial Group

Property Details

  • Property Type Retail - Strip
  • Property Size 13,500 SF
  • Units 1
  • Lot Size 1.17 Acre
  • Additional Rent Contact for pricing
  • Parking Spaces Avail. 60
  • Parking Ratio 4.44 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Year Built 2013
  • Date Updated Nov 20, 2024
Located in the HWY 54 corridor and shadow anchored by Walmart SuperCenter. Tenants include Dapper Dog, Eve Nail and Spa, and Wasabi 54.Ideally positioned in the heart of Owensboro's primary and growing retail submarket, this 13,500 SF Walmart shadow-anchored strip center presents a compelling opportunity for investors. Built in 2013, the center commands a daily traffic count of over 25,000 vehicles, offering high visibility and patronage to its diverse mix of tenants. The center boasts a remarkable 97% occupancy rate, hosting a variety of popular establishments such as Wasabi54, the town's best hibachi and sushi restaurant, Eve Nail Salon, Mr. Bubble Tea, Dapper Dog, and the Gateway Hub – an executive office space housing eight furnished and privately rented offices. Designed with a charming brick construction, the center offers ample parking with 60 spaces, including 3 handicapped spots. A unique advantage is the center's proximity to Walmart, driving additional traffic and providing a boost to all tenants. The center currently generates a Net Operating Income (NOI) of just under $210,000, with significant potential to further enhance profitability. The upside of this property is to get one of the spaces to market rent when it renews in 2024 as well as continue to lease out the executive office space in the rear of the building as it is the second highest revenue-producing space in the center. Situated in a high-development area with over 2 million square feet of retail space and an additional 100,000 square feet in the pipeline, this center is perfectly positioned for sustainable growth and profitability. The recent renovation and furnishing of the Gateway Hub Executive Office Space in 2022 further underscore its appeal to contemporary businesses.This Walmart shadow-anchored strip center was built in 2013 and benefits from the highest concentration of national retailers and the most active construction region in Western Kentucky. It has a traffic count of over 25,000 vehicles per day. It has beautiful brick construction and tenants that include Dapper Dog, Eve Nail and Spa, Wasabi 54, as well as executive office space in the rear of the property.

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Highlights

  • ** Listing Brokers are Principals in this Property **
  • Excellent Occupancy & Diverse Tenants
  • Significant NOI Growth Potential
  • Surrounded by Future Developments

Getting around

  • 56/100

    Walk Score ®

  • 53/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Owensboro, KY
  • Zip Code 42303

Points of Interest

  • Murphy USA

    0.13 miles

  • Take Ten

    0.53 miles

  • Chuckles

    2.11 miles

  • Valero

    2.12 miles

  • Hucks

    2.69 miles

  • Huck's Food & Fuel

    2.69 miles

  • Kroger

    2.97 miles

  • ChargePoint

    3.36 miles

  • Shell

    3.41 miles

  • Chick-fil-A

    0.19 miles

  • McDonald's

    0.21 miles

  • Taco Bell

    0.21 miles

  • Subway

    0.22 miles

  • Beef O'Brady's

    0.24 miles

  • Pizza Hut

    0.24 miles

  • Arby's

    0.29 miles

  • Pizza by the Guy

    0.30 miles

  • Ole South

    0.33 miles

  • Salsarita's

    0.43 miles

  • Walmart Supercenter

    0.15 miles

  • ALDI

    0.33 miles

  • Kohl's

    0.40 miles

  • Ross

    0.73 miles

  • Burlington

    0.78 miles

  • American Freight

    0.79 miles

  • Meijer

    0.90 miles

  • Kroger

    2.01 miles

  • IGA

    2.21 miles

  • IGA Hometown

    4.00 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Bo Barron, CCIM

Barron Commercial Group