Flexible C-1 Zoned Commercial
2024 Park Avenue Paducah, KY 42001
For Sale
$125,000
COMMERCIAL - Paducah, KY
Property Size576 SF
Lot Size0.28 Acres
Price / SF$217.01
Days on Market149
Property Features for 2024 Park Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Zoning
- C-1
- Standard status
- Active
- APN
- 104-14-15-001
- Size
- 576 SF
- Lot size
- 0.28 Acres
Utilities
- Sewer type
- Public Sewer
Building Details
- Year built
- 1955
- Building materials
- Brick
- Roof type
- Rubber, Flat
Listing Agency:
eXp Realty, LLC
(888) 624-6448
Listed By:
Missy Brown · License #262543
(270) 519-2134
Added: Feb 26
Changed: Jul 7
Last Checked: Jul 25 at 6:06AM
MLS# 26016464
Copyright © 2026 ImagineMLS. 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 offering is a flexible commercial space totaling about 576 square feet, presented as a fit for a range of business types. The property is zoned C-1 and includes approximately 10 parking spaces, with additional land available that could be paved to expand parking capacity.
Located at 2024 Park Avenue in Paducah, Kentucky, the site is positioned for visibility along Park Avenue. The public remarks describe the property as being between the Paducah Downtown Riverfront and the new multimillion-dollar Paducah Sports Park (anticipated to open this fall), supporting a pedestrian and local-serving retail and professional use profile.
From an operator or tenant standpoint, the configuration and C-1 zoning support multiple concepts, including an insurance office, counseling space, retail shop, coffee spot, professional office, and even a car lot. For buyers, it provides a compact footprint with on-site parking and the option to increase parking through paving the additional land, which can be practical for customer-facing businesses and everyday client access.
Located at 2024 Park Avenue in Paducah, Kentucky, the site is positioned for visibility along Park Avenue. The public remarks describe the property as being between the Paducah Downtown Riverfront and the new multimillion-dollar Paducah Sports Park (anticipated to open this fall), supporting a pedestrian and local-serving retail and professional use profile.
From an operator or tenant standpoint, the configuration and C-1 zoning support multiple concepts, including an insurance office, counseling space, retail shop, coffee spot, professional office, and even a car lot. For buyers, it provides a compact footprint with on-site parking and the option to increase parking through paving the additional land, which can be practical for customer-facing businesses and everyday client access.
Key Highlights
- Brick commercial property built in 1955
- Flat roof with rubber roofing
- Served by public sewer
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $9.5k | $16.44 |
| − Vacancy | −$473 | −$0.82 |
| EGI | $9.0k | $15.62 |
| − OpEx | −$2.7k | −$4.69 |
| NOI | $6.3k | $10.93 |
576 SF · lease $16.44/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$90.0K
$78.7K – $105.0K
NOI $6,297 @ 7.0% cap · market cap 5.04%
Second Best
Office B
$78.7K
$68.9K – $91.8K
NOI $5,508 @ 7.0% cap · market cap 4.41%
Theoretical Best
Warehouse
$120.0K
$105.0K – $140.0K
NOI $8,401 @ 7.0% cap · market cap 6.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
FAQs
What type of property is this?
Office units - Small commercial building with approximately 10 parking spaces, suited to retail, office, or service uses under C-1 zoning.
Where is this office units located?
The property is located at 2024 Park Avenue Paducah, KY.
What is the asking price?
The asking price for this property is $125,000.
What are key features of this property?
This property features: Brick commercial property built in 1955; Flat roof with rubber roofing; Served by public sewer
