Mixed-Use Building with
New
For Sale
$359,000
331 Madison St, Paducah, KY 42001
A leased commercial area and private residence have separate entrances and an interior connecting staircase.
Property Size4,070 SF
Price / SF$88.21
Days on Market4
Property Features for 331 Madison St
General Information
Standard status
Active
Size
4,070 SF
Total Parking Spaces
2
Property subtype
Commercial
Additional Details
Tenant in Place
Yes
Amenities
hardwood floors
original architectural details
covered porches
clawfoot soaking tub
laundry closet
Building Details
Year Built
1920
Buildings
1
Stories
2
Construction
brick
Listing Agency:
Sallie Davidson, Realtors
Listed By:
Lake Cumberland Real Estate Professional
(606) 677-0059
Source:
Lakecumberlandky
Added: Oct 23
Changed: Oct 25
Last Checked: Oct 24 at 5:22PM
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 Sallie Davidson, Realtors
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Investment Insights
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Built in 1920, this two-story brick property combines an occupied commercial space with a private apartment. Each area has its own entrance, and an interior rear staircase links them. The apartment includes three bedrooms, two full bathrooms, a living room, kitchen, two fireplaces, a clawfoot tub, and a laundry closet. Interior features include 10-foot ceilings, hardwood floors, and original architectural details, with covered porches on the building. The cellar is unfinished.
The commercial space is fully leased, and its tenants are to remain. The property is in downtown Paducah, two blocks from the riverfront and within walking distance of the farmers' market, restaurants, shops, and other downtown destinations. Updates include newer windows and roof, electrical work, some plumbing updates, and luxury vinyl flooring with soundproof underlayment on the 331 side. Off-street parking accommodates two vehicles.
The commercial space is fully leased, and its tenants are to remain. The property is in downtown Paducah, two blocks from the riverfront and within walking distance of the farmers' market, restaurants, shops, and other downtown destinations. Updates include newer windows and roof, electrical work, some plumbing updates, and luxury vinyl flooring with soundproof underlayment on the 331 side. Off-street parking accommodates two vehicles.
Key Highlights
- Two‑story brick building constructed in 1920
- Occupied commercial space with tenants to remain
- Separate entrances for the commercial area and residence, plus an interior rear staircase
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Current Use
Location Intelligence
Trade Area within ½ mile
1,161
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - A leased commercial area and private residence have separate entrances and an interior connecting staircase.
Where is this mixed-use property located?
The property is located at 331 Madison St Paducah, KY.
What is the asking price?
The asking price for this property is $359,000.
What are key features of this property?
This property features: Two‑story brick building constructed in 1920; Occupied commercial space with tenants to remain; Separate entrances for the commercial area and residence, plus an interior rear staircase
