Versatile Downtown Flex
18 Sugg St. Madisonville, KY 42431
18 Sugg St., Madisonville, KY, 42431
$475,000
For Sale
$475,000
COMMERCIAL - Madisonville, KY
Property Size6,268 SF
Lot Size0.16 Acres
Price / SF$75.78
Days on Market184
Property Features for 18 Sugg St.
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- C
- Standard status
- Active
- Size
- 6,268 SF
- Lot size
- 0.16 Acres
Building Details
- Year built
- 1953
Listing Agency
HERITAGE HOMES REAL ESTATE
(270) 825-9090
843 HANSON ST, Madisonville, KY
Listed by
Dean Sheets
(270) 619-3117
Added: Jan 16 Checked: Jul 19 at 4:06 am
MLS# 118560
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 versatile commercial building offers approximately 6,265 square feet of adaptable interior space with generous open areas and functional rooms that can support office work, inventory storage, or customer-facing retail. The property is described as having high ceilings and a flexible floor plan, which can help accommodate changing operational needs, including reconfiguration for different business layouts. The building’s design supports a range of possible uses, including office, retail, warehouse, showroom, or a combination of these approaches.
Located at 18 Sugg St. in downtown Madisonville, Kentucky, the property is positioned within the core business area. The listing notes proximity to shops, restaurants, and services, along with convenient access for customers, employees, and deliveries.
For buyers and operators seeking a downtown footprint that can be tailored to multiple commercial concepts, this building provides the space and layout described for mixed-use flexibility. Its open space plus office and inventory-ready areas may suit tenants looking to support both day-to-day operations and customer interaction within one structure. Zoned as “C,” the property may align with a variety of commercial development or operating plans consistent with that zoning designation.
Located at 18 Sugg St. in downtown Madisonville, Kentucky, the property is positioned within the core business area. The listing notes proximity to shops, restaurants, and services, along with convenient access for customers, employees, and deliveries.
For buyers and operators seeking a downtown footprint that can be tailored to multiple commercial concepts, this building provides the space and layout described for mixed-use flexibility. Its open space plus office and inventory-ready areas may suit tenants looking to support both day-to-day operations and customer interaction within one structure. Zoned as “C,” the property may align with a variety of commercial development or operating plans consistent with that zoning designation.
Key Highlights
- 6,265 SF commercial building in downtown Madisonville, KY
- Built in 1953
- Flexible layout with generous open space and functional areas for offices, inventory, or customer‑facing retail
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $62.4k | $9.96 |
| − Vacancy | −$4.9k | −$0.78 |
| EGI | $57.6k | $9.18 |
| − OpEx | −$20.1k | −$3.21 |
| NOI | $37.4k | $5.97 |
6,268 SF · lease $9.96/SF/yr · vacancy 7.80% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$534.5K
$467.7K – $623.6K
NOI $37,414 @ 7.0% cap · market cap 7.88%
Second Best
Warehouse
$420.1K
$367.6K – $490.2K
NOI $29,409 @ 7.0% cap · market cap 6.19%
Theoretical Best
Office A
$1.06M
$925.2K – $1.23M
NOI $74,013 @ 7.0% cap · market cap 15.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
.45-70
Department Store
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FAQs
What type of property is this?
Flex space - Multi-use building with high ceilings and adaptable interior space for office, retail, warehouse, or showroom uses.
Where is this flex space located?
The property is located at 18 Sugg St. Madisonville, KY.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 6,265 SF commercial building in downtown Madisonville, KY; Built in 1953; Flexible layout with generous open space and functional areas for offices, inventory, or customer‑facing retail
