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Multi-Building Retail and Office Portfolio
For Sale
Contact for pricing
Pending

2928 Park Ave, Paducah, KY 42001

Portfolio includes a strip center with eight suites, plus an additional grocery-anchored building, with several units currently leased.

Property SizeContact for details
Days on Market137

Property Features for 2928 Park Ave

General Information

Standard status Pending
Property subtype Mixed Use, Office, Retail, Special Purpose
Listing Agency: Arnold Realty Group
Listed By: Dawn Arnold · License #KY 218391
Source: Crexi
Added: Apr 11 Changed: Aug 14 Last Checked: Aug 24 at 12:40PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Arnold Realty Group

Investment Insights

Based on property information with market context.

The property is a multi-building commercial portfolio consisting of three buildings: 2932 Park Ave (La Fiesta Mexican Market) and 2928 Park Ave (strip center). The strip center includes eight suites, with five suites currently leased, supported by existing tenants including Changes Creative Salon & Spa and the Kentucky Department of Revenue. Two 1,000+/- sf spaces are available for additional rental income within the strip center.

The seller indicates the owner would consider selling tracts separately. The offering is positioned as a commercial investment opportunity with in-place tenancy at the strip center and additional space available for occupancy.

Key Highlights

  • Portfolio includes 3 buildings: 2932 Park Ave (La Fiesta Mexican Market) and 2928 Park Ave (strip center).
  • Strip center has 8 suites; 5 suites are leased, providing current tenant income.
  • Current tenants include Changes Creative Salon & Spa and the Kentucky Department of Revenue.

Property Analytics

Current Use

Northwestern Mutual Life ... Insurance Agency Apria Healthcare Home Health Care Service Game Galaxy LLc Arcade & Gaming Center Pella Windows & Doors ... Hardware & Home Improvement Kentucky Department of Revenue ... Tax Department

Suggested Use

Top Pick Law Firm Real Estate Agency Electrical Service Building Supply Hair Salon Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

282
Businesses Nearby
116k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 38% Shops & Services 33% Groceries 29% Hotels & Casinos 1%
Kroger Groceries
33,727 visits/mo 0.4 miles
Pizza Inn Dining
33,253 visits/mo 0.2 miles
Marathon Petroleum Shops & Services
10,763 visits/mo 0.4 miles
SONIC Drive In Dining
10,373 visits/mo 0.1 miles
Dollar General Shops & Services
8,720 visits/mo 0.1 miles

Demographics for 42001, KY

31,579
Population
14,815
Households
2.1
Avg Household Size
41
Median Age
36%
College-Educated
94%
High-School Grad
74.2 sq mi
ZIP Area
426
Density / Sq Mi
$68,868
Median Household Income
$42,334
Median Earnings
$916
Median Rent
$210,100
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Strip mall - Portfolio includes a strip center with eight suites, plus an additional grocery-anchored building, with several units currently leased.
Where is this strip mall located?
The property is located at 2928 Park Ave Paducah, KY.
What are key features of this property?
This property features: Portfolio includes 3 buildings: 2932 Park Ave (La Fiesta Mexican Market) and 2928 Park Ave (strip center).; Strip center has 8 suites; 5 suites are leased, providing current tenant income.; Current tenants include Changes Creative Salon & Spa and the Kentucky Department of Revenue.
(270) 558-1338 Call to check price and availability
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