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Historic Coca-Cola Plant Redevelopment
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3121 Broadway St, Paducah, KY 42001

Iconic 46,000+ sq ft building in Paducah's Midtown.

Property Size46,000 SF
Price / SF$75.98
Days on Market755

Property Features for 3121 Broadway St

General Information

Standard status Active
Size 46,000 SF
Property subtype Retail
Zoning B3
Lease Type Gross
Investment Type Stabilized

Building Details

Year Built 1936
Year Renovated 2013
Buildings 1
Stories 2
Tenancy Multi
Listing Agency: The Washburn Gillespie Group, eXp Realty LLC
Listed By: Kathleen Gillespie · License #KY 222131
Source: Crexi
Added: Jul 18, 2024 Changed: Aug 11 Last Checked: May 12 at 9:50PM

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 The Washburn Gillespie Group, eXp Realty LLC

Investment Insights

Based on property information with market context.

This art deco building, originally constructed in 1939, served as a bottling facility and major distribution center for Coca-Cola for nearly 50 years before becoming their warehouse. After a period of vacancy, a major rehabilitation and repurposing project began in early 2013, transforming the iconic building into a cultural hub. The property, with a total building size of over 46,000 sq ft, now houses 10 tenants and features retail, food service, meeting, and office spaces. The redevelopment has revitalized the surrounding neighborhoods, promoting a more walkable community and establishing Paducah's Midtown as a destination. The Coke Plant is on the National Register of Historic Places and received the Ida Lee Willis Memorial Foundation Historic Preservation Award in 2017. Current tenants include Mellow Mushroom, Peaberry Coffee, Dry Ground Brewing Company, Sprocket, Black Orchid Salon, Guerrilla Marketing, Forever Sweet Creamery, Distorted Arts and Imagery, KMR Woodworks, and Yellow Horse Photography. There is an opportunity for further redevelopment and increased income stream from the vacant space upstairs, which measures 4964 sq ft.

Key Highlights

  • Iconic, fully‑leased historic building (formerly Coca‑Cola bottling plant) on the National Register of Historic Places
  • Strong tenant base with 10 diverse businesses including Mellow Mushroom, Peaberry Coffee, and Dry Ground Brewing Company
  • Significant redevelopment success, revitalizing Paducah's Midtown and fostering a walkable community

Property Analytics

Current Use

Pipers Tea & Coffee Cafe & Coffee Shop Partake In Paducah Newspaper & Magazine Sprocket, Inc. Business Service Center Liberty Pest Control Garden Center McCoy Roofing Paducah Roofing Company

Suggested Use

Top Pick Real Estate Agency Building Supply Auto Repair Shop Law Firm Big Box & Wholesale Store 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.

Location Intelligence

Trade Area within ½ mile

923
Businesses Nearby
52k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Dining 74% Shops & Services 26%
Dunkin' Donuts Dining
11,940 visits/mo 0.4 miles
Taco John's Dining
9,371 visits/mo 0.5 miles
Little Caesars Pizza Dining
5,786 visits/mo 0.5 miles
Dollar General Shops & Services
5,694 visits/mo 0.4 miles
SUBWAY Dining
5,576 visits/mo 0.5 miles

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

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Frequently Asked Questions

What type of property is this?
Shopping center - Iconic 46,000+ sq ft building in Paducah's Midtown.
Where is this shopping center located?
The property is located at 3121 Broadway St Paducah, KY.
What is the asking price?
The asking price for this property is $3,495,000.
What are key features of this property?
This property features: Iconic, fully‑leased historic building (formerly Coca‑Cola bottling plant) on the National Register of Historic Places; Strong tenant base with 10 diverse businesses including Mellow Mushroom, Peaberry Coffee, and Dry Ground Brewing Company; Significant redevelopment success, revitalizing Paducah's Midtown and fostering a walkable community
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