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Leased Office Building
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Pending

24 Madison Square Dr, Madisonville, KY 42431

Fully occupied by a physical therapy practice with additional renewal options.

Property SizeContact for details
Days on Market142

Property Features for 24 Madison Square Dr

General Information

Standard status Pending
Property subtype Office
Occupancy 100%

Building Details

Tenancy Single
Listing Agency: Keller Williams Capital Realty
Listed By: Charlie Butler · License #IN RB14034751
Source: Crexi
Added: Apr 12 Changed: Aug 30 Last Checked: Aug 30 at 12:37PM

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 Keller Williams Capital Realty

Investment Insights

Based on property information with market context.

This office building at 24 Madison Square Dr in Madisonville is fully leased to a physical therapy practice. The property was formerly operated as a bank and now serves as an occupied office asset, with a lease structure that includes three additional one-year renewal options and annual rent increases.

The property offers convenient access, a large on-site parking area, and prominent sign placement. Showings require 24 hours’ advance scheduling.

Key Highlights

  • Fully leased to a physical therapy practice
  • Three additional one‑year renewal options
  • Annual rent increases are included in the lease terms

Property Analytics

Current Use

KORT Physical Therapy ... Medical Clinic Angela Wolfe Physician Keagan Walker Physician Aaron Flaherty Physician Jayna Jones Pediatrician

Suggested Use

Top Pick Real Estate Agency Dental Office Big Box & Wholesale Store Auto Parts Store Parking Lot & Garage 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.

Lease Details

100%
Occupancy
Single-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

325
Businesses Nearby

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

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office building - Fully occupied by a physical therapy practice with additional renewal options.
Where is this office building located?
The property is located at 24 Madison Square Dr Madisonville, KY.
What are key features of this property?
This property features: Fully leased to a physical therapy practice; Three additional one‑year renewal options; Annual rent increases are included in the lease terms
(812) 449-0050 Call to check price and availability
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