2-Bay Auto
New
For Sale
$149,900
174 W Center St., Madisonville, KY 42431
Commercial Sale, Madisonville, KY
Property Size1,589 SF
Lot Size0.37 Acres
Price / SF$94.34
Days on Market2
Property Features for 174 W Center St.
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
From Main St. take W Center property is on left at intersection of Seminary & Center.
Subdivision
1 - Madisonville
Standard status
Active
Size
1,589 SF
Lot size
0.37 Acres
Listing Agency:
Haven Realty, LLC
(270) 245-2626
Listed By:
Ginger Driver · License #242722
(270) 871-1514
Added: Oct 8
Last Checked: Oct 9 at 2:06PM
MLS# 122359
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.
At 174 W Center St. in Madisonville, this 1,589-square-foot commercial property sits on a 0.37-acre parcel. The interior combines retail or office space with a heated, two-bay garage. A car lift, air compressors, tools, furniture, fixtures, and equipment are included in the sale.
The property also has on-site parking, a Conex storage unit, and two covered vending machines. It is located in Madisonville, Kentucky, in Hopkins County.
The property also has on-site parking, a Conex storage unit, and two covered vending machines. It is located in Madisonville, Kentucky, in Hopkins County.
Key Highlights
- 1,589‑square‑foot property on a 0.37‑acre parcel
- Heated two‑bay garage with car lift, air compressors, and tools
- Interior accommodates retail or office use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,791
Cap Rate
4.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$135,820
$135.8K
Cap Rate 7%
$97,014
$97.0K
Cap Rate 9%
$75,456
$75.5K
Market Conditions
NOI Build-Up for 1,589 SF
Gross rent
$10.5K $6.60/SF
− Vacancy
−$787 −$0.50/SF
EGI
$9.7K $6.10/SF
− OpEx
−$2.9K −$1.83/SF
NOI
$6.8K $4.27/SF
Area
Hopkins County, KY
Vacancy
7.50%
Lease Rate
$6.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$135,820
Cap Rate 7%
$97,014
Cap Rate 9%
$75,456
Alternative Uses
Best Use
Retail
$249.5K
$218.3K – $291.1K
NOI $17,463 @ 7.0% cap · market cap 11.65%
Second Best
Industrial
$97.0K
$84.9K – $113.2K
NOI $6,791 @ 7.0% cap · market cap 4.53%
Theoretical Best
Office A
$268.0K
$234.5K – $312.7K
NOI $18,763 @ 7.0% cap · market cap 12.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Service bays
Location Intelligence
Trade Area within ½ mile
743
Businesses Nearby
17k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 72%
Dining 28%
Family Dollar
Shops & Services
5,192 visits/mo
0.3 miles
FedEx Office Print & Ship Center
Shops & Services
3,548 visits/mo
0.4 miles
Pizza Hut
Dining
3,386 visits/mo
0.4 miles
Sunoco
Shops & Services
2,326 visits/mo
0.5 miles
Marco's Pizza
Dining
1,403 visits/mo
0.3 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- Semi Truck & Trailer Repair — 680 s main st, madisonville, ky 42431
- Taliaferro Auto Body — 145 McCoy Ave, Madisonville, KY 42431
- JAS Auto Repair — 532 E Center St, Madisonville, KY 42431
- Quik-Change Oil 'n Lube Center — 436 E Center St, Madisonville, KY 42431
- Zippy Lube Express — 436 E Center St, Madisonville, KY 42431
Frequently Asked Questions
What type of property is this?
Auto shop - Retail and office space is paired with a heated garage fitted for automotive service.
Where is this auto shop located?
The property is located at 174 W Center St. Madisonville, KY.
What is the asking price?
The asking price for this property is $149,900.
What are key features of this property?
This property features: 1,589‑square‑foot property on a 0.37‑acre parcel; Heated two‑bay garage with car lift, air compressors, and tools; Interior accommodates retail or office use
