703 Jefferson StPaducah, KY 42001

Property Details for 703 Jefferson St

Year built

1971

Construction

STEEL FRAME

Lot size

0.15 AC

Property size (Sq ft)

4,830 SF

Property type

Commercial real estate

APN

112-11-18-005

APU

1121118005

Description

This exceptional redevelopment opportunity presents a 17,075 square foot mixed-use building situated at 703 Jefferson Street in vibrant downtown Paducah, Kentucky. Currently housing three tenants, with one under lease, this property offers significant flexibility for owner-users or investors seeking a prime location. The building boasts 8,823 square feet of net rentable space, situated on a substantial 25,182 square foot lot within the B-3 zoning district. Ample parking is provided with 30 spaces, complemented by 156 feet of valuable road frontage. The property's versatile layout, encompassing storefront and traditional office spaces, caters to a diverse range of business needs. The current occupancy rate stands at 52%, presenting a compelling opportunity to increase revenue streams. This is a gross lease property with no tenant credit rating. The building features overhead doors, adding to its functional appeal. With a daily vehicle count of 6,700, this location offers exceptional visibility and accessibility. The asking price for this unique investment is $500,000. All information is believed to be reliable but should be independently verified.

• Alternative Use

  Use

  Valuation

  Residential

  $1,263,696

  Hospitality

  $1,157,539

  Educational

  $963,059

  Medical

  $996,180

  Retail

  $1,498,091

Location Insight

City

Paducah

County

Mccracken

State

Kentucky

Latitude

37.0864

Longitude

-88.603

CBSA code

37140

CBSA name

PADUCAH, KY-IL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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