Historic Mixed-Use
For Sale
$395,000
806 Jefferson St, Paducah, KY 42001
Flexible commercial layout with offices, reception areas, two kitchens, multiple entrances, parking, and prior residential use.
Property Size3,475 SF
Price / SF$113.70
Days on Market155
Property Features for 806 Jefferson St
General Information
Standard status
Active
Size
3,475 SF
Property subtype
Commercial
Building Details
Year Built
1890
Buildings
1
Building Size
3,475 SF
Construction
brick & beam
Listing Agency:
Housman Partners Real Estate
Listed By:
Jessica Housman · License #201474
(270) 210-4366
Source:
Centralkyhomesforsale
Added: May 13
Changed: Oct 1
Last Checked: Oct 12 at 7:46PM
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 Housman Partners Real Estate
Investment Insights
Based on property information with market context.
Constructed in 1890, this mixed-use building combines historic interior elements with a flexible arrangement suited to commercial and residential applications. Exposed brick, hardwood flooring, tall ceilings, wood beams, and substantial natural light define the interior. The layout includes multiple offices, reception areas, gathering rooms, two kitchens, several entrances, a floored attic, and an unfinished basement. On-site parking is also provided.
The property is located at 806 Jefferson St in Paducah, minutes from the downtown district. Nearby context includes restaurants, entertainment, government offices, healthcare providers, and the local business community. The building has previously accommodated a residential duplex and a professional chiropractic office, providing documented mixed-use functionality.
The property is located at 806 Jefferson St in Paducah, minutes from the downtown district. Nearby context includes restaurants, entertainment, government offices, healthcare providers, and the local business community. The building has previously accommodated a residential duplex and a professional chiropractic office, providing documented mixed-use functionality.
Key Highlights
- Built in 1890 with exposed brick, hardwood floors, tall ceilings, and wood beams
- Interior includes multiple offices, reception areas, and gathering spaces
- Two kitchens and multiple entrances support a flexible layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,220
Cap Rate
8.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$664,400
$664.4K
Cap Rate 7%
$474,571
$474.6K
Cap Rate 9%
$369,111
$369.1K
Market Conditions
NOI Build-Up for 3,474 SF
Gross rent
$52.1K $15.00/SF
− Vacancy
−$7.8K −$2.25/SF
EGI
$44.3K $12.75/SF
− OpEx
−$11.1K −$3.19/SF
NOI
$33.2K $9.56/SF
Area
McCracken County, KY
Vacancy
15.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$664,400
Cap Rate 7%
$474,571
Cap Rate 9%
$369,111
Alternative Uses
Best Use
Mixed Use
$526.3K
$460.6K – $614.1K
NOI $36,844 @ 7.0% cap · market cap 9.33%
Second Best
Office B
$474.6K
$415.3K – $553.7K
NOI $33,220 @ 7.0% cap · market cap 8.41%
Theoretical Best
Warehouse
$723.8K
$633.4K – $844.5K
NOI $50,668 @ 7.0% cap · market cap 12.83%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,409
Businesses Nearby
Explore this area
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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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible commercial layout with offices, reception areas, two kitchens, multiple entrances, parking, and prior residential use.
Where is this mixed-use property located?
The property is located at 806 Jefferson St Paducah, KY.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Built in 1890 with exposed brick, hardwood floors, tall ceilings, and wood beams; Interior includes multiple offices, reception areas, and gathering spaces; Two kitchens and multiple entrances support a flexible layout
