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Property profile & analytics
OFF-MARKET
Commercial real estate

407 Broadway St Paducah, KY 42001-0713

20,688 SF Built 1897
Individually Owned Absentee Owner Free & Clear
Property ID
US34-1625964
Property summary
AI-generated overview

This exceptional 19,878 square foot commercial property at 407 Broadway in Paducah, Kentucky presents a rare investment opportunity. Currently operating as a thriving antique mall with individual vendor spaces, the building offers significant potential for redevelopment. Its prime downtown location in the 4th block places it within easy walking distance of the riverfront, numerous shops, restaurants, and popular attractions, ensuring high visibility and foot traffic. The building boasts abundant natural light thanks to its three-sided window exposure, preserving its historic charm while offering a bright and inviting atmosphere. The property's versatile layout makes it well-suited for a variety of uses, including conversion into residential condominiums or a mixed-use development that seamlessly blends commercial and residential spaces. The substantial square footage provides ample room for creative adaptation and expansion. This is an exceptional chance to acquire a significant piece of Paducah's vibrant downtown area, offering both immediate income potential and long-term growth prospects. The property sits on a 0-acre lot, making it ideal for redevelopment without the complexities of extensive land management. The asking price is $349,000. This is a truly unique opportunity for investors seeking a high-return property in a thriving Kentucky city.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1897
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 20,688 SF
APN 112-13-12-013
UPID US34-1625964
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Paducah Antique Mall Home Decor Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
KELLY AUSBROOKS
KELLY AUSBROOKS
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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