Great Office Property in the Heart of Lone Oak

Office for Sale
Catylist Listing ID: 30636781
Property Subtypes: Medical, Mixed Use, Office Building
Building Size (RSF): 4,544 SF
Gross Land Area: 25,500 SF
Sale Price: $454,900
Unit Price: $100.11 PSF
Property Use Type: Investment, Vacant/Owner-User
Building Name: Largent Property
Class of Space: Class B
Usable Size (USF): 4,544 SF
Core Factor: 1%
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/30/2020

Overview / Comments

Great professional office property in the heart of Lone Oak directly behind CVS just off Lone Oak Rd. on the market for the first time. This property is currently setup as a single-tenant pediatric dentist's office but was built as multi-tenant. With over 4,500 SF, multiple entrances/exits, firewalls, etc. it can easily accommodate anywhere from one to four tenants and would work great as office, retail, or medical space. Its large corner lot contains 0.585 acres and has three points of access, three separate parking lots, and great visibility from Lone Oak Rd. Zoned C-Commercial (county) and fully served by utilities. Animal decor and dental equipment (lights, chairs, machines) is being removed and will not sell with the building.

Additional Details

Nearest MSA: Paducah
County: McCracken
Taxing Authority: City of Paducah
Tax ID/APN: 088-34-08-003
Property Located Between: CVS and Oregon St.
Property Visibility: Good
Highway Access: Lone Oak Rd. (US Hwy 45) approximately 160' to the south, I-24 exit 7 approximately 1.25 miles north.
Airports: Barkley Regional Airport - 5.5 miles
Site Description: Southwest corner of intersection of Oregon St. and Cumberland Ave., approximately 1 block off Lone Oak Rd. (US Hwy 45). Approximately 150' frontage on Oregon St. and 170' frontage on Cumberland Ave. Access from Oregon St., Cumberland Ave., and alley between property and CVS.
Area Description: Heart of Lone Oak just off Lone Oak Rd. near its intersection with N Friendship Rd. Outside Paducah City Limits.
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 4,544 SF
Year Built: 1982
Roof Type: Gable
Construction/Siding: Brick, Wood Frame
Exterior Description: Four separate entrances & possible storefronts.
Parking Ratio: 1.8 (per 1000 SF)
Parking Type: Surface
Parking Description: Three separate parking lots. Main (asphalt) off Oregon St., secondary (asphalt) off Cumberland Ave., and rear (gravel).
Total Parking Spaces: 26
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable, DSL, Fiber Optic
Interior Description: Currently single-tenant pediatric dental office, but could easily accommodate 1-4 tenants.
Zoning Description: C- Commercial (McCracken County)
Lot Frontage: 150
Lot Depth: 170
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,784 30,248 45,655
Median Age: 38.99 42.67 41.53
Households: 2,174 13,507 20,122
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