School Building with Updated
For Sale
$530,000
123 Waddill, Madisonville, KY 42431
Commercial Sale, Madisonville, KY
Property Size21,800 SF
Lot Size2.00 Acres
Price / SF$24.31
Days on Market810
Property Features for 123 Waddill
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C
Directions
N Main - turn on Waddill. Building on LEFT.
Subdivision
1 - Madisonville
Standard status
Active
Size
21,800 SF
Lot size
2.00 Acres
Building Details
Year built
1920
Listing Agency:
Coldwell Banker Complete Realty · Coldwell Banker Real Estate
(270) 821-3131
Listed By:
Cindy McKenzie
(270) 871-9954
Added: Jun 4, 2024
Changed: Aug 20
Last Checked: Aug 22 at 2:06PM
MLS# 115057
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 21,800-square-foot school property occupies 2 acres and includes a main building with large interior rooms, updated professional offices, and extensive parking. The primary school area has been emptied and broom cleaned, creating a flexible interior layout for office, meeting, or venue use. Several offices are ready for occupancy and measure 40 x 26 feet.
Built in 1920, the property is zoned C. Asbestos identified in the school area has been removed and handled through proper remediation. The site offers room around the existing improvements for additional construction, subject to applicable approvals.
Built in 1920, the property is zoned C. Asbestos identified in the school area has been removed and handled through proper remediation. The site offers room around the existing improvements for additional construction, subject to applicable approvals.
Key Highlights
- 21,800 square feet on 2 acres
- 2‑4 updated professional offices available for rental
- Office areas measure 40 x 26 feet
Property Analytics
Property Profile
Current Use
Lease Details
4
Office units
Location Intelligence
Trade Area within ½ mile
1,330
Businesses Nearby
Explore this area
Business Placement
Demographics for 42431, KY
26,566
Population
12,569
Households
2.1
Avg Household Size
41
Median Age
20%
College-Educated
88%
High-School Grad
166.7 sq mi
ZIP Area
159
Density / Sq Mi
$57,529
Median Household Income
$37,671
Median Earnings
$858
Median Rent
$151,800
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
School - Updated professional offices are available for immediate rental, with large interior rooms and substantial on-site parking.
Where is this school 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: 21,800 square feet on 2 acres; 2‑4 updated professional offices available for rental; Office areas measure 40 x 26 feet
