Industrial Warehouse in Downtown Paducah

Industrial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30810327
Property Subtypes: Flex Space, Free-Standing, Manufacturing, Mixed Use, Light Industrial, Research & Development, Warehouse/Distribution
Status: Pending/Contingent
Building Size (RSF): 113,858 SF
Gross Land Area: 3.94 Acres
Sale Price: $2,900,000
Unit Price: $25.47 PSF
Docks/Doors: 3 Docks, 3 Doors
Office SF: 15,708 SF
Drive In Bays: 3 Bays
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Building Name: Former Amerisource Bergen
Usable Size (USF): 113,858 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/14/2022

Overview / Comments

Exceptional distribution facility with over 113,000 square feet on nearly 4 acres in the heart of downtown Paducah. 15,708± SF of good quality office space on two floors and 95,866± SF of fully insulated, heated & cooled warehouse with 12'-24' clear heights, LED lighting, concrete vaults, heavy power, full sprinkler, 3 dock doors with restraints & bumpers, and over 100 parks in fenced lots. TIF District, B-3 Zone. Paducah PowerSubstation directly across 3rd St. offering up to 20MW with possible expansion to 45MW. 346.5' of frontage on N 3rd St. (US Highway 60 Bus. Loop) and just steps from Historic Downtown Paducah and the Foot of Broadway at the Ohio River. Here's your chance to own an entire city block and then some in downtown Paducah!

Additional Details

Nearest MSA: Paducah
County: McCracken
Taxing Authority: City of Paducah
Tax ID/APN: 112-13-20-001, 112-13-15-005, 112-13-15-004, 112-13-16-002, 112-13-20-002, 112-13-20-003
Zoning: B-3
Property Located Between: Historic Downtown Paducah Riverfront and Holiday Inn.
Highway Access: Direct frontage on N 3rd St. (US Hwy 60 Business Loop).
Airports: Barkley Regional Airport - 10 miles
Site Description: Four separate but adjacent parcels: (1) Main parcel with building is entire block between N 3rd St., N 2nd St., Monroe St. and Madison St., and contains 2.8± acres. (2) Parcel Two is paved, fenced parking and contains 0.69± acres. (3) Parcel Three is paved, fenced parking and contains 0.22± acres. (4) Parcel Four is paved, fenced parking and contains 0.26± acres. 115 total secure parking spaces.
Area Description: Historic Downtown Paducah near the Riverfront, which is the confluence of the Ohio and Tennessee Rivers.
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1969
Year Renovated: 2017
Roof Type: Flat
Construction/Siding: Aluminum Siding, Block
Parking Type: Surface
Parking Description: 115 total parking spaces in three separate fenced, secure lots adjacent to main parcel, plus street parking.
Total Parking Spaces: 115
Column Spacing: 40' x 30'
Sprinklers: Wet
Amps: 600
Volts: 480
X-Phase: 3
Heat Type: Natural Gas
Heat Source: Ceiling Units
Air Conditioning: Engineered System
Lighting: LED
Internet Access: Cable, DSL, Fiber Optic
Interior Description: Approximately 113,858 SF gross building area comprised of approximately 13.8% office (15,708± SF) and 86.2% warehouse (95,866± SF). Office renovated and full LED lighting in warehouse added in 2016-17. Warehouse split into roughly half with one side having ~12' and the other having ~24' clear height.
Zoning Description: B-3 General Business Zone
Lot Frontage: 346.5
Lot Depth: 346.5
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Easements Description: Typical utility easements.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,447 20,562 41,456
Median Age: 40.72 39.55 40.72
Households: 1,606 9,232 18,343

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