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    Redevelopment Office Conversion Parcel Title is generated by Realmo AI

    123 Waddill, Madisonville, KY 42431

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    Claim this Listing
    For Sale
    $579,000

    MULTI_FAMILY - Madisonville, KY

    Property size:
    21,800 SF
    Lot size:
    2.00 Acres
    Price / SF:
    $26/SF
    Added:
    Jan 15, 2025
    Days on Market:
    514
    Last Refresh:
    Jun 13 at 7:06 am

    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
    Standard status
    Active
    Size
    21,800 SF
    Lot size
    2.00 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas, Hot Water(Heating)
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    1920
    Building materials
    Brick
    Roof type
    Composition, Rolled Hot Mop

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    Listing Contact
    Cindy McKenzie

    Listing agent Cindy McKenzie

    Listing office Coldwell Banker Complete Realty 1096 N MAIN, MADISONVILLE, KY

    Listing date Jan 15, 2025

    MLS# 116634 Listing URL

    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.

    HighLights

    • W/ 2 acres of ground plus vacant lots included, with room to build all around
    • Building includes handicap access with ramp and security system
    • 2 to 4 professional offices reportedly updated; offices are 40 x 26
    • Main school area has been emptied and broom cleaned; only one room needs ceiling and floor repair
    • Asbestos removed correctly in the school area
    • Separately included lot fronts N. Franklin Ave. Dr and does not have medical profession restrictions

    Overview

    This offering combines a school building area and additional vacant lots on approximately 2 acres, providing flexible redevelopment options. The remarks indicate that 2 to 4 professional offices have been updated and are available to rent as offices, with the possibility to convert those spaces to apartments. The “school area” has been emptied and broom cleaned; only one room reportedly needs ceiling and floor repair, while other large rooms could serve as studio-style apartments or additional professional office space. The office spaces are described as 40 x 26. The property also notes that asbestos has been removed from the school area and removed correctly.

    The property is in Madisonville, Kentucky, at 123 Waddill. Zoning is listed as “C,” and the remarks reference residential use requiring a condition use permit. A separate lot fronts N. Franklin Ave. Dr and is described as not having the medical profession restrictions attributed to the main property.

    For tenants and buyers seeking a conversion-ready setup, the combination of updated office rooms, large adaptable spaces, and room to build around the site can support either professional office/venue or residential uses subject to approvals. The presence of numerous parking options is specifically mentioned, and the updated offices are described as start-able ASAP.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waddill School Coworking & Hybrid Office

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Madisonville
    County
    Hopkins
    State
    Kentucky
    Longitude
    -87.494588
    Latitude
    37.334607

    FAQs

    What type of property is this?
    Office units - A 2-acre parcel with updated professional offices and vacant lots, suited for residential conversion or office/meeting use.
    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 $579,000.
    What are key features of this property?
    This property features: W/ 2 acres of ground plus vacant lots included, with room to build all around; Building includes handicap access with ramp and security system; 2 to 4 professional offices reportedly updated; offices are 40 x 26
    More about this property
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