Office Units on Two
For Sale
$530,000
123 Waddill, Madisonville, KY 42431
COMMERCIAL - Madisonville, KY
Property Size21,800 SF
Lot Size2.00 Acres
Price / SF$24.31
Days on Market801
Property Features for 123 Waddill
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C
Directions
N Main - turn on Waddill. Building on LEFT.
Subdivision
1 - Madisonville
Standard status
Active
Size
21,800 SF
Lot size
2.00 Acres
Building Details
Year built
1920
Listing Agency:
Coldwell Banker Complete Realty · Coldwell Banker Real Estate
(270) 821-3131
Listed By:
Cindy McKenzie
(270) 871-9954
Added: Jun 4, 2024
Changed: Aug 4
Last Checked: Aug 13 at 5:06AM
MLS# 115057
Copyright © 2026 Madisonville-Hopkins County Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This office unit property sits on 2 acres and includes 2 to 4 professional offices that have been updated and can be rented now. The main portion of the school area has been emptied and broom cleaned, with room to repurpose additional areas. Several offices are described as 40 x 26 in size. In the school area, asbestos has been removed correctly.
The property is offered with a separately identified lot fronting N. Franklin Ave., Dr. that does not have the medical profession restrictions that apply to the primary property.
Built in 1920, the property presents a straightforward opportunity for office-focused users who want existing office space and additional interior areas that may be adapted with appropriate permitting.
The property is offered with a separately identified lot fronting N. Franklin Ave., Dr. that does not have the medical profession restrictions that apply to the primary property.
Built in 1920, the property presents a straightforward opportunity for office-focused users who want existing office space and additional interior areas that may be adapted with appropriate permitting.
Key Highlights
- 2 acres of ground with updated professional offices currently rentable
- 2 to 4 professional offices have been updated and can be rented now
- Office room sizes described as 40 x 26
Property Analytics
Property Profile
Current Use
Lease Details
4
Office units
Location Intelligence
Trade Area within ½ mile
1,330
Businesses Nearby
Explore this area
Business Placement
Demographics for 42431, KY
26,566
Population
12,569
Households
2.1
Avg Household Size
41
Median Age
20%
College-Educated
88%
High-School Grad
166.7 sq mi
ZIP Area
159
Density / Sq Mi
$57,529
Median Household Income
$37,671
Median Earnings
$858
Median Rent
$151,800
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Updated professional offices for rent now, plus a large school-area space and nearby flexible lot options.
Where is this office units located?
The property is located at 123 Waddill Madisonville, KY.
What is the asking price?
The asking price for this property is $530,000.
What are key features of this property?
This property features: 2 acres of ground with updated professional offices currently rentable; 2 to 4 professional offices have been updated and can be rented now; Office room sizes described as 40 x 26
