IMMEDIATE DEVELOPMENT POTENTIAL Fully entitled 2024 construction-ready parcel Active building permits with minimum one-year extension Complete site materials included in sale Approved unit mix of 168 total units (126 two-BR, 42 one-BR) 6.647-acre parcel with 315 approved parking spaces MARKET-VALIDATED OPPORTUNITY Premium location in Owensboro's Gateway Commons power retail center Verified population of 108,438 residents, showing stronger growth than official estimates Premium unit average rent of $1,220/month Extremely low 5.6% vacancy rate indicating strong market demand Significant multi-family housing shortage with only 15% of new construction being multi-family (vs. industry standard of 30-35%) Market demonstrates remarkable resilience with 1,603 new housing units added over past five years Strong business growth with 933 new business licenses in 2024 alone Population verification shows 11,782 new residents since 2010, indicating robust market expansion SPEED TO MARKET ADVANTAGE Skip lengthy entitlement process - permits already in hand Accelerated timeline to breaking ground Existing site materials reduce pre-development costs Bypass typical 12-18 month approval process Immediate ability to capitalize on market demand Opportunity to address significant multi-family housing shortage in the market STRATEGIC LOCATION Surrounded by national retailers including soon to be built Publix Adjacent to Towneplace Suites by Marriott Strong school proximity with New Daviess County Middle School nearby Excellent visibility and access from major thoroughfares Part of established retail/residential corridor TURNKEY INVESTMENT AT $2,100,000 All entitlements and permits in place Engineering and site plans completed Known construction costs in current market Clear path to breaking ground Opportunity to begin construction in 2024 MARKET GROWTH INDICATORS Verified population growth from 96,656 (2010) to 108,438 (2025) Net gain of 11,782 residents demonstrating strong market attraction Actual growth rate of 0.82% annually, significantly outpacing similar-sized Kentucky counties Robust commercial sector with 11,000 active business licenses Current housing mix shows critical need for multi-family development to meet market standards Market demonstrates resilience through interest rate increases, indicating strong fundamentals Analysis shows immediate opportunity to address multi-family housing shortage Property Facts Price: $2,100,000 Property Subtype: Commercial Sale Type: Investment Proposed Use: Commercial Total Lot Size: 6.64 AC Price Per AC: $316,265.06