Office Building with Handicap
For Sale
$530,000
123 Waddill, Madisonville, KY 42431
MULTI_FAMILY - Madisonville, KY
Property Size21,800 SF
Lot Size2.00 Acres
Price / SF$24.31
Days on Market574
Property Features for 123 Waddill
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
C
Security features
Security System
Interior features
Handicap Access, Security System
Accessibility
Accessible Approach with Ramp
Directions
N Main - turn on Waddill. Building on LEFT.
Subdivision
1 - Madisonville
Standard status
Active
Size
21,800 SF
Lot size
2.00 Acres
Utilities
Heating system
Forced Air, Natural Gas, Hot Water(Heating)
Cooling system
Electric, Central Air
Building Details
Year built
1920
Building materials
Brick
Roof type
Composition, Rolled Hot Mop
Listing Agency:
Coldwell Banker Complete Realty · Coldwell Banker Real Estate
(270) 821-3131
Listed By:
Cindy McKenzie
(270) 871-9954
Added: Jan 15, 2025
Changed: Aug 3
Last Checked: Aug 12 at 7:06PM
MLS# 116634
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.
Brick office building on a 2-acre site with handicap access and an accessible approach with a ramp. The property includes interior security system features, central air cooling, and natural gas hot water and forced-air heating. Roof coverings include composition and rolled hot mop.
The building is a 1920 construction with updated professional office areas sized at 40 x 26, plus other large rooms that could be adapted as studio apartments or additional professional office space. The main part of the school area has been emptied and broom cleaned, with only one room needing ceiling and floor repair. Any asbestos in the school area has been removed correctly.
In addition to the main building, vacant lots are included for expansion. A separate lot fronting N. Franklin Ave. Dr is included and does not have the medical profession restrictions that apply to the primary property.
The building is a 1920 construction with updated professional office areas sized at 40 x 26, plus other large rooms that could be adapted as studio apartments or additional professional office space. The main part of the school area has been emptied and broom cleaned, with only one room needing ceiling and floor repair. Any asbestos in the school area has been removed correctly.
In addition to the main building, vacant lots are included for expansion. A separate lot fronting N. Franklin Ave. Dr is included and does not have the medical profession restrictions that apply to the primary property.
Key Highlights
- 2‑acre site with vacant lots included for expansion
- Brick building built in 1920 with 21,800 SF
- Updated professional offices sized 40 x 26
Property Analytics
Property Profile
Current Use
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Brick office building with handicap access, security system, and central air, set on 2 acres with potential for additional spaces.
Where is this office building 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‑acre site with vacant lots included for expansion; Brick building built in 1920 with 21,800 SF; Updated professional offices sized 40 x 26
