Office Unit with On-Site
For Sale
$125,000
2024 Park Avenue, Paducah, KY 42001
Commercial Sale, Paducah, KY
Property Size576 SF
Lot Size0.28 Acres
Price / SF$217.01
Days on Market221
Property Features for 2024 Park Avenue
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
C-1
Zoning description
Commercial
Subdivision
Commercial
Directions
1-24 Exit 4; turn right on Hinkleville Road; stay straight past Noble Park; property is on the corner of 21st Street and Park Avenue
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
Flat, Rubber
Listing Agency:
eXp Realty, LLC
(888) 624-6448
Listed By:
Missy Brown · License #262543
(270) 519-2134
Added: Feb 26
Changed: Oct 2
Last Checked: Oct 5 at 7:06PM
MLS# 26016464
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.
Investment Insights
Based on property information with market context.
This 576-square-foot office unit occupies a 0.283-acre commercial parcel in a 1955 brick building. The property has a flat rubber roof, public sewer service, and approximately 10 existing parking spaces. Additional land is available for potential parking expansion if paved. The property carries C-1 zoning and is suited to office-oriented commercial occupancy.
Located on Park Avenue in Paducah, the property sits between the Paducah Downtown Riverfront and the Paducah Sports Park. Its setting provides direct street access and proximity to established civic and recreational destinations. The compact building and surrounding land offer a straightforward format for an owner-user or commercial operator.
Located on Park Avenue in Paducah, the property sits between the Paducah Downtown Riverfront and the Paducah Sports Park. Its setting provides direct street access and proximity to established civic and recreational destinations. The compact building and surrounding land offer a straightforward format for an owner-user or commercial operator.
Key Highlights
- 576 square feet of office space on a 0.283‑acre parcel
- Approximately 10 existing parking spaces
- Additional land available for potential paved parking expansion
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,508
Cap Rate
4.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$110,160
$110.2K
Cap Rate 7%
$78,686
$78.7K
Cap Rate 9%
$61,200
$61.2K
Market Conditions
NOI Build-Up for 576 SF
Gross rent
$8.6K $15.00/SF
− Vacancy
−$1.3K −$2.25/SF
EGI
$7.3K $12.75/SF
− OpEx
−$1.8K −$3.19/SF
NOI
$5.5K $9.56/SF
Area
McCracken County, KY
Vacancy
15.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$110,160
Cap Rate 7%
$78,686
Cap Rate 9%
$61,200
Alternative Uses
Best Use
Office B
$78.7K
$68.9K – $91.8K
NOI $5,508 @ 7.0% cap · market cap 4.41%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$120.0K
$105.0K – $140.0K
NOI $8,401 @ 7.0% cap · market cap 6.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
590
Businesses Nearby
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Brick commercial space on Park Avenue with public sewer and additional land that could support expanded parking.
Where is this office units located?
The property is located at 2024 Park Avenue Paducah, KY.
What is the asking price?
The asking price for this property is $125,000.
What are key features of this property?
This property features: 576 square feet of office space on a 0.283‑acre parcel; Approximately 10 existing parking spaces; Additional land available for potential paved parking expansion
