Multi-Use Office and Residential
123 Waddill Madisonville, KY 42431
For Sale
$530,000
MULTI_FAMILY - Madisonville, KY
Property Size21,800 SF
Lot Size2.00 Acres
Price / SF$24.31
Days on Market561
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
Hot Water(Heating), Natural Gas, Forced Air
Cooling system
Central Air, Electric
Building Details
Year built
1920
Building materials
Brick
Roof type
Composition, Rolled Hot Mop
Listing Agency:
Coldwell Banker Complete Realty
(270) 821-3131
Listed By:
Cindy McKenzie
(270) 871-9954
Added: Jan 15, 2025
Changed: Jul 28
Last Checked: Jul 30 at 6:06AM
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.
This sale includes a multi-room school building with updated professional office space, described as 2 to 4 professional offices that can be rented as-is or converted to apartments. The offices are noted as 40 x 26 in size. The main part of the school has been emptied and broom cleaned, with only one room described as needing ceiling and floor repair, while the remaining rooms are described as large enough for studio apartments or additional office space. Vacant lots are included and are described as providing room to build all around. Any asbestos in the school area has been removed and removed correctly.
The property is identified as having zoning “C” and includes one separate lot fronting N. Franklin Ave., Dr., which the remarks state does not have the medical profession restrictions that apply to the main property.
Separately, the seller notes a condition use permit for residential use may be applicable, and the current office work could be started quickly based on the current state of completion.
The property is identified as having zoning “C” and includes one separate lot fronting N. Franklin Ave., Dr., which the remarks state does not have the medical profession restrictions that apply to the main property.
Separately, the seller notes a condition use permit for residential use may be applicable, and the current office work could be started quickly based on the current state of completion.
Key Highlights
- 2 acres of ground with the main school area emptied and broom cleaned; only one room needs ceiling and floor repair
- Updated professional office spaces (2 to 4 offices) with room sizes of 40 x 26, ready to rent or convert to apartments
- Asbestos has been removed correctly in the school area
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - School building with updated offices, vacant lots, and removed asbestos, offering flexibility for offices or residential conversions.
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 acres of ground with the main school area emptied and broom cleaned; only one room needs ceiling and floor repair; Updated professional office spaces (2 to 4 offices) with room sizes of 40 x 26, ready to rent or convert to apartments; Asbestos has been removed correctly in the school area
