2440 Lone Oak RdPaducah, KY 42003

Property Details for 2440 Lone Oak Rd

Lot size

7.93 AC

Property type

Commercial real estate

APN

096-00-00-017

APU

960000017

Description

This exceptional 99,000 square foot medical office building, situated on a 6.5-acre lot in McCracken County, presents a unique investment opportunity. Formerly a K-Mart, the property is undergoing a complete renovation and is now available for lease. The single-story building features 8 suites, with a minimum divisible space of 15,000 square feet and up to 99,000 square feet of contiguous space available. The high ceilings, measuring 14 feet, provide ample space and flexibility for various medical practices. The property boasts excellent visibility and accessibility, located on a high-traffic section of US Highway 45, experiencing 24,000 cars daily. Its strategic location offers convenient access to Interstate 24 and serves a substantial 45-mile radius marketing area with over 300,000 potential customers. The surrounding area includes numerous amenities such as McDonald's and other restaurants, three banks, and other retail establishments. Furthermore, its proximity to Mercy Hospital enhances its appeal to medical professionals. Ample parking is provided with 600 spaces. The property is zoned commercial and is classified as Class B. This prime location, coupled with the extensive renovation, makes this a highly desirable property for medical practices seeking a prominent presence in a thriving community. The cross street is Bleich Road.

• CAP approach

  CAP return

  Valuation

  6%

  $89,429,500

  6.5%

  $82,550,300

  7%

  $76,653,800

• Comparable approach

  Method

  Valuation

  Relative Method

  $26,912,800

  Geo Method

  $26,912,800

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $162,184,000

  Retail / Commercial

  $83,233,300

  Mixed-Use / Specialty

  $82,988,900

  Hospitality / Lodging

  $60,954,300

  Office

  $82,550,300

  Institutional / Educational

  $86,293,700

  Residential Income

  $100,964,000

  Multifamily

  $120,801,000

  Automotive / Energy

  $73,966,000

  Parking / Income-Based Land

  $25,473,100

  Restaurant / Food Service

  $43,274,700

  Healthcare / Senior Housing

  $85,049,900

Location Insight

City

Paducah

County

Mccracken

State

Kentucky

Latitude

37.0436

Longitude

-88.6554

CBSA code

37140

CBSA name

PADUCAH, KY-IL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].