Rare Investment Opportunity in Historic Downtown Paducah
Office
for Sale
| Catylist Listing ID: |
30836056 |
| Property Subtypes: |
Executive Suites, Coworking, Governmental, Institutional, Office Building, Other
|
| Building Size (RSF): |
46,991 SF
|
| Gross Land Area: |
0.82 Acres
|
| Sale Price: |
$2,330,050 |
| Unit Price: |
$49.59 PSF |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Investment |
| Class of Space: |
Class B |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
3/9/2023 |
Overview / Comments
|
Very rare investment opportunity in Downtown Paducah at the corner of 4th & Broadway. This remarkable income-producing property contains nearly one acre on a signalized corner in Paducah's Historic Downtown with 84 on-site parks and three road frontages. Owner/user and investor opportunities with the vacant ground floor and basement being the former bank branch and the upper three floors leased to two strong, local tenants on long terms. Over 46,000 square feet across four stories with a basement, two passenger elevators, one freight elevator, an operable vault, and on-site & street parking. Please inquire about the rent roll and financial information.
|
Additional Details
| Nearest MSA: |
Paducah |
| County: |
McCracken |
| Taxing Authority: |
City of Paducah |
| Tax ID/APN: |
112-13-18-001, 112-13-18-019, 112-13-18-020, 112-13-18-021, 112-13-18-024, 112-13-18-025 |
| Zoning: |
B-2-T, B-2 |
| Property Located Between: |
Broadway St. and Kentucky Ave. |
| Property Visibility: |
Excellent |
| Highway Access: |
Property fronts S 4th St., which is US Highway 60 Business Loop. |
| Airports: |
Barkley Regional Airport - 9.5 miles west |
| Site Description: |
Comprised of six adjacent and contiguous parcels totaling approximately 0.82 acres, with frontage on Broadway St., S 4th St., and Kentucky Ave. |
| Area Description: |
Historic Downtown Paducah. |
| Total Number of Buildings: |
1 |
| Number of Stories: |
4 |
| Year Built: |
1983 |
| Roof Type: |
Flat |
| Construction/Siding: |
Block, Steel Frame, Stucco |
| Parking Ratio: |
1.9 (per 1000 SF) |
| Parking Type: |
Surface |
| Parking Description: |
84 parks on site plus street parking. |
| Total Parking Spaces: |
84 |
| Passenger Elevators: |
2 |
| Freight Elevators: |
1 |
| Sprinklers: |
Wet |
| Heat Source: |
Central |
| Air Conditioning: |
Engineered System |
| Internet Access: |
Cable, DSL, Fiber Optic |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Easements: |
Utilities |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
4,509 |
22,553 |
41,456 |
| Median Age: |
40.19 |
39.6 |
40.72 |
| Households: |
2,043 |
10,160 |
18,343 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither Kentucky Commercial Real Estate Alliance nor
Moody's assume any liability for errors or omissions.
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