Light Industrial Land with Road
2585 John L Puryear Dr Paducah, KY 42003
2585 John L Puryear Dr, Paducah, KY, 42003
$455,000
For Sale
$455,000
Commercial light industrial development site with 414 feet of road frontage, level terrain, and on-site improvements.
Property Size1,870 SF
Price / SF$243.32
Days on Market30
Property Features for 2585 John L Puryear Dr
General Information
- Standard status
- Active
- Size
- 1,870 SF
Listing agency
Elite Realty
(270) 556-4245
Listed by
Mary Pennell
(270) 556-4245
Source
Exprealty
Added: Jun 23 Updated: Jul 21 at 7:51AM Checked: Jul 21 at 7:51AM
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 Elite Realty
Investment Insights
Based on property information with market context.
This 3.69-acre commercial/light industrial property offers level land with partial tree cover and 414 feet of road frontage. Improvements include a 2003 manufactured home with an attached garage, a concrete storm shelter nearby, and a 1,200-square-foot detached metal garage/shop suitable for storage or workspace. The property also includes a pond located in the backyard.
The site is located 0.6 miles from I-24 and provides convenient access to John L. Puryear Drive (KY-1954). Two adjoining parcels are included: 3.24 acres zoned ML (Light Industrial) and 0.45 acres zoned UR (Urban Residential).
Prospective buyers are encouraged to verify permitted uses for the ML zoning designation with the McCracken County Planning & Zoning Department and to confirm deed information for both parcels with the McCracken County Property Valuation Administrator (PVA).
The site is located 0.6 miles from I-24 and provides convenient access to John L. Puryear Drive (KY-1954). Two adjoining parcels are included: 3.24 acres zoned ML (Light Industrial) and 0.45 acres zoned UR (Urban Residential).
Prospective buyers are encouraged to verify permitted uses for the ML zoning designation with the McCracken County Planning & Zoning Department and to confirm deed information for both parcels with the McCracken County Property Valuation Administrator (PVA).
Key Highlights
- 3.69‑acre commercial/light industrial development site with 414 ft of road frontage.
- Two adjoining parcels: 3.24 acres zoned ML (Light Industrial) and 0.45 acres zoned UR (Urban Residential).
- Level, partially wooded property with convenient access to John L. Puryear Drive (KY‑1954) and 0.6 miles to I‑24.
Local Financial Insights For Warehouse
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 | $35.5k | $18.96 |
| − Vacancy | −$3.4k | −$1.80 |
| EGI | $32.1k | $17.16 |
| − OpEx | −$4.8k | −$2.57 |
| NOI | $27.3k | $14.58 |
1,870 SF · lease $18.96/SF/yr · vacancy 9.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$389.6K
$340.9K – $454.6K
NOI $27,274 @ 7.0% cap · market cap 5.99%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Industrial land
Similar For Sale Nearby
FAQs
What type of property is this?
Industrial land - Commercial light industrial development site with 414 feet of road frontage, level terrain, and on-site improvements.
Where is this industrial land located?
The property is located at 2585 John L Puryear Dr Paducah, KY.
What is the asking price?
The asking price for this property is $455,000.
What are key features of this property?
This property features: 3.69‑acre commercial/light industrial development site with 414 ft of road frontage.; Two adjoining parcels: 3.24 acres zoned ML (Light Industrial) and 0.45 acres zoned UR (Urban Residential).; Level, partially wooded property with convenient access to John L. Puryear Drive (KY‑1954) and 0.6 miles to I‑24.
