M-1 Industrial Land with
For Sale
$455,000
2585 John L Puryear Drive, Paducah, KY 42003
Commercial Sale, Paducah, KY
Property Size1,612 SF
Lot Size3.24 Acres
Price / SF$282.26
Days on Market128
Property Features for 2585 John L Puryear Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
M-1
Zoning description
Light industrial
Parking
2
Subdivision
Commercial
Directions
Traveling I-24 take exit 11. At the light turn right if traveling from the east and turn left if traveling from the west. Continue for about .6 miles. Turn left onto the gravel driveway at the mailbox labeled 2585.
Standard status
Active
APN
115-00-00-024.03
Size
1,612 SF
Lot size
3.24 Acres
Utilities
Utilities
Propane
Sewer type
Septic Tank
Heating system
Propane (Heating), Electric (Heating)
Cooling system
Central Air
Building Details
Year built
2003
Floors in Building
1
Building materials
Block, Concrete, Glass, Vinyl Siding
Roof type
Metal
Listing Agency:
Elite Realty
(270) 444-6522
Listed By:
Mary Pennell
(270) 556-4245
Added: Jun 23
Changed: Oct 2
Last Checked: Oct 28 at 10:06AM
MLS# 26015103
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.
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Investment Insights
Based on property information with market context.
This 3.24-acre industrial tract is zoned M-1 and includes an existing 1,200-square-foot rigid-frame metal shop or shed. The property also has a climate-controlled structure footprint currently classified as a manufactured home, with central air, propane and electric heating, block, concrete, glass, and vinyl siding construction materials, and a metal roof. Heavy electricity is active on site, supported by a private well and dedicated septic system.
The parcel provides 414 linear feet of frontage along John L. Puryear Drive, with access to Interstate 24 at Exit 11. Its existing improvements and utility infrastructure create a functional base for industrial operations, storage, equipment staging, or future site planning within the M-1 designation.
The parcel provides 414 linear feet of frontage along John L. Puryear Drive, with access to Interstate 24 at Exit 11. Its existing improvements and utility infrastructure create a functional base for industrial operations, storage, equipment staging, or future site planning within the M-1 designation.
Key Highlights
- 3.24‑acre M‑1 industrial tract
- 1,200‑square‑foot rigid‑frame metal shop or shed
- 414 linear feet of frontage on John L. Puryear Drive
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,511
Cap Rate
5.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$470,220
$470.2K
Cap Rate 7%
$335,871
$335.9K
Cap Rate 9%
$261,233
$261.2K
Market Conditions
NOI Build-Up for 1,612 SF
Gross rent
$30.6K $18.96/SF
− Vacancy
−$2.9K −$1.80/SF
EGI
$27.7K $17.16/SF
− OpEx
−$4.1K −$2.57/SF
NOI
$23.5K $14.58/SF
Area
McCracken County, KY
Vacancy
9.50%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$470,220
Cap Rate 7%
$335,871
Cap Rate 9%
$261,233
Alternative Uses
Best Use
Warehouse
$335.9K
$293.9K – $391.9K
NOI $23,511 @ 7.0% cap · market cap 5.17%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
48
Businesses Nearby
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Business Placement
Demographics for 42003, KY
28,592
Population
14,132
Households
2
Avg Household Size
43
Median Age
22%
College-Educated
92%
High-School Grad
69.0 sq mi
ZIP Area
414
Density / Sq Mi
$54,052
Median Household Income
$33,566
Median Earnings
$696
Median Rent
$160,700
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Industrial land - M-1 acreage includes a metal shop, active heavy power, private well, and septic infrastructure.
Where is this industrial land located?
The property is located at 2585 John L Puryear Drive 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: 3.24‑acre M‑1 industrial tract; 1,200‑square‑foot rigid‑frame metal shop or shed; 414 linear feet of frontage on John L. Puryear Drive
