2024 Park Avenue, Paducah, KY 42001
COMMERCIAL - Paducah, KY
- Added:
- Feb 26, 2026
- Days on Market:
- 131
- Last Refresh:
- Jul 7 at 6:06 pm
Property Features for 2024 Park Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Zoning
- C-1
- Standard status
- Active
- APN
- 104-14-15-001
- Size
- 576 SF
- Lot size
- 0.28 Acres
Utilities
- Sewer type
- Public Sewer
Building Details
- Year built
- 1955
- Building materials
- Brick
- Roof type
- Rubber, Flat
Listing agent Missy Brown License #262543 (270) 519-2134
Listing office eXp Realty, LLC 2303 Hurstbourne Vlg Dr, 300, Prospect, KY (888) 624-6448
Listing date Feb 26, 2026
Copyright © 2026 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Brick commercial property built in 1955
- Flat roof with rubber roofing
- Served by public sewer
- Commercial space with approximately 10 parking spaces
- Additional land available for potential paving to expand parking capacity
Overview
Located at 2024 Park Avenue in Paducah, Kentucky, the site is positioned for visibility along Park Avenue. The public remarks describe the property as being between the Paducah Downtown Riverfront and the new multimillion-dollar Paducah Sports Park (anticipated to open this fall), supporting a pedestrian and local-serving retail and professional use profile.
From an operator or tenant standpoint, the configuration and C-1 zoning support multiple concepts, including an insurance office, counseling space, retail shop, coffee spot, professional office, and even a car lot. For buyers, it provides a compact footprint with on-site parking and the option to increase parking through paving the additional land, which can be practical for customer-facing businesses and everyday client access.
Local Financial Insights For Specialty Retail
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 | $9.5k | $16.44 |
| − Vacancy | −$331 | −$0.58 |
| EGI | $9.1k | $15.86 |
| − OpEx | −$2.3k | −$3.97 |
| NOI | $6.9k | $11.90 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Paducah
- County
- McCracken
- State
- Kentucky
- Longitude
- -88.625546
- Latitude
- 37.083093
