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    424 E Broadway St Madisonville, KY 42431

    Picture of Car washes at E Broadway St 424, Madisonville, KY
    For Sale
    $450,000

    Business Opportunity - Madisonville, KY

    Property size:
    10,470 SF
    Lot size:
    1.82 Acres
    Days on Market:
    140
    Last Refresh:
    Dec 14 at 8:06 pm

    Property Features for 424 E Broadway St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Interior features
    Kitchen Area
    Exterior features
    Parking-Paved, Storage
    Appliances
    Other
    Size
    10,470 SF
    Lot size
    1.82 Acres

    Utilities

    Heating system
    Forced Air, See Remarks (Heating)

    Building Details

    Building materials
    Vinyl Siding
    Roof type
    Composition
    Architectural style
    Other
    Additional Structures
    Storage

    Heritage Homes Real Estate (270) 825-9090 [email protected]

    Listing agent Maggie Sheets (270) 825-9090

    Listing date Jul 28, 2025

    MLS# 117147 Listing URL

    Copyright © 2025 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.

    Overview

    Commercial Property Investment Opportunity

    This commercial property, located in a high-traffic area, presents a strong investment opportunity with high visibility and rental income potential. The property includes a 4-bay car wash and warehouse space suitable for storage, distribution, or business operations. Multiple income-producing structures are situated across the property, with an additional unit available for rent. The total monthly rental income is $6650. The property encompasses multiple commercial and residential parcels. The total area of the property is 10470 square feet on 1.82 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Car washes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Madisonville
    County
    Hopkins
    State
    Kentucky
    Longitude
    -87.492229
    Latitude
    37.324615

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    FAQs

    What type of property is this?
    Car wash - High-traffic commercial property with rental income potential in Madisonville, KY.
    Where is this car wash located?
    The property is located at 424 E Broadway St Madisonville, KY.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: - High monthly rental income of $6650 with potential for more.; - Prime location in a high-traffic area with strong visibility.; - Includes multiple income-producing rental units.
    (270) 825-9090
    Request Owner's contact information
    424 E Broadway St Madisonville, KY 42431
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    424 E Broadway St Madisonville, KY 42431
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