Multi-Building Commercial
538 E Center St. Madisonville, KY 42431
For Sale
$1,000,000
COMMERCIAL - Madisonville, KY
Property Size5,500 SF
Lot Size1.99 Acres
Price / SF$181.82
Days on Market93
Property Features for 538 E Center St.
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Active
Size
5,500 SF
Lot size
1.99 Acres
Building Details
Year built
2007
Listing Agency:
HERITAGE HOMES REAL ESTATE
(270) 825-9090
Listed By:
Maggie Sheets
(270) 836-5086
Added: Apr 27
Changed: Jun 3
Last Checked: Jul 28 at 1:06PM
MLS# 121827
Copyright © 2026 Madisonville-Hopkins County Board of Realtors. 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 for-sale portfolio includes four large commercial buildings on a single parcel, presented in excellent condition with ample on-site parking to support a range of business uses. According to the public remarks, three of the four buildings are secured with established 5-year leases, creating an income stream that is intended to be stable for an investor. The fourth building is described as offering additional flexibility for an owner-user, or potential incremental income depending on how it is operated.
The property is located at 538 E Center St. in Madisonville, Kentucky, in an area described as having strong exposure and accessibility. The combination of multiple structures and on-site parking is designed to support day-to-day operations for tenants and visitors.
For tenants, this configuration may suit users looking for space within a multi-building commercial setting where parking and leased stability are built into the current structure. For buyers, the portfolio approach provides diversification across four buildings, with three properties already under 5-year leases and one additional building available for either continued use or owner-occupied operations. The seller’s remarks position the offering as a turnkey presentation with a maintained tenant base.
The property is located at 538 E Center St. in Madisonville, Kentucky, in an area described as having strong exposure and accessibility. The combination of multiple structures and on-site parking is designed to support day-to-day operations for tenants and visitors.
For tenants, this configuration may suit users looking for space within a multi-building commercial setting where parking and leased stability are built into the current structure. For buyers, the portfolio approach provides diversification across four buildings, with three properties already under 5-year leases and one additional building available for either continued use or owner-occupied operations. The seller’s remarks position the offering as a turnkey presentation with a maintained tenant base.
Key Highlights
- Commercial portfolio built in 2007 with four large commercial buildings.
- Three of the four buildings are secured with established 5‑year leases.
- Ample on‑site parking to support tenant and customer use.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Specialty property - Four well-maintained commercial buildings with on-site parking, including three leased units under 5-year agreements.
Where is this specialty property located?
The property is located at 538 E Center St. Madisonville, KY.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Commercial portfolio built in 2007 with four large commercial buildings.; Three of the four buildings are secured with established 5‑year leases.; Ample on‑site parking to support tenant and customer use.
