Operational Bar and
New
For Sale
$799,000
3501 Park Plaza Road, Paducah, KY 42001
Commercial Sale, Paducah, KY
Property Size5,072 SF
Lot Size1.22 Acres
Price / SF$157.53
Days on Market4
Property Features for 3501 Park Plaza Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R-1
Zoning description
CITY R-1 (Low Density Residential)
Directions
From Kentucky Oaks Mall 5101 Hinkleville Rd, Paducah, KY 42001 Head south on James Sanders Blvd 0.2 mi Use the left 2 lanes to turn left onto Hinkleville Rd 1.3 mi Turn right onto Allen Ln 0.2 mi Turn right onto Park Plaza Rd 272 ft Turn right 62 ft Turn right
Subdivision
119 - McCracken County
Standard status
Active
APN
095-00-00-012
Size
5,072 SF
Lot size
1.22 Acres
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Building Details
Year built
1989
Floors in Building
1
Building materials
Steel Frame, Brick
Roof type
Metal
Listing Agency:
Arnold Realty Group
(270) 558-1338
Listed By:
Amanda Johnson · License #241959
(618) 638-5682
Added: Aug 19
Changed: Aug 20
Last Checked: Aug 22 at 2:06PM
MLS# 26022616
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.
Investment Insights
Based on property information with market context.
This bar and grill business includes a 5,072-square-foot building on approximately 1.22 acres. The sale includes the operating business, equipment, inventory, and established brand. The building was constructed in 1989 with a steel-frame and brick exterior, a metal roof, forced-air natural gas heat, and central air conditioning.
The property is located along the US-60 and Mall Corridor, less than 2 miles from I-24 Exit 4 and less than a mile from Paducah Sports Park. Water is available at the property, and public sewer serves the site. Zoning is identified as R-1.
The property is located along the US-60 and Mall Corridor, less than 2 miles from I-24 Exit 4 and less than a mile from Paducah Sports Park. Water is available at the property, and public sewer serves the site. Zoning is identified as R-1.
Key Highlights
- 5,072‑square‑foot bar and grill building on approximately 1.22 acres
- Operating business conveys with equipment, inventory, and established brand
- Located less than 2 miles from I‑24 Exit 4
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$60,349
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.55%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,206,980
$1.2M
Cap Rate 7%
$862,129
$862.1K
Cap Rate 9%
$670,544
$670.5K
Market Conditions
NOI Build-Up for 5,072 SF
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.
Gross rent
$83.4K $16.44/SF
− Vacancy
−$2.9K −$0.58/SF
EGI
$80.5K $15.86/SF
− OpEx
−$20.1K −$3.97/SF
NOI
$60.3K $11.90/SF
Area
McCracken County, KY
Vacancy
3.50%
Lease Rate
$16.44 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,206,980
Cap Rate 7%
$862,129
Cap Rate 9%
$670,544
Alternative Uses
Best Use
Specialty Retail
$862.1K
$754.4K – $1.01M
NOI $60,349 @ 7.0% cap · market cap 7.55%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.06M
$924.7K – $1.23M
NOI $73,975 @ 7.0% cap · market cap 9.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
216
Businesses Nearby
4k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 65%
Beauty & Spa 35%
Paducah Ford, Inc
Shops & Services
2,715 visits/mo
0.2 miles
Cosmoprof
Beauty & Spa
1,448 visits/mo
0.4 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
Questions? Ask Rey
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Similar Off Market Nearby
- KC's Bar and Grill — 3501 Park Plaza Rd, Paducah, KY 42001
- KC's Bar & Grill — 3501 Park Plaza Rd, Paducah, KY 42001
- O'Charley’s Restaurant & Bar — 3916 Hinkleville Rd, Paducah, KY 42001
Frequently Asked Questions
What type of property is this?
Bar & Pub - Established business conveys with equipment, inventory, and brand included in the sale.
Where is this bar & pub located?
The property is located at 3501 Park Plaza Road Paducah, KY.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 5,072‑square‑foot bar and grill building on approximately 1.22 acres; Operating business conveys with equipment, inventory, and established brand; Located less than 2 miles from I‑24 Exit 4
