Historic Mixed-Use
For Sale
$395,000
806 Jefferson, Paducah, KY 42001
COMMERCIAL - Paducah, KY
Property Size3,400 SF
Price / SF$116.18
Days on Market45
Property Features for 806 Jefferson
General Information
Property type
Commercial Sale
Property subtype
Other
Lot features
In City Limits, Interior Lot
Directions
From I-24, take Hinkleville Road and continue straight onto Park Ave, then continue straight down Martin Luther King Jr Dr, then take a right onto N 8th St, then take a right onto Jefferson St and the house is on the left.
Subdivision
McCracken
Standard status
Active
Utilities
Cooling system
Window Unit(s), Central Air
Water source
Public
Building Details
Flooring type
Tile, Wood
Building materials
Frame
Roof type
Shingle
Architectural style
Other
Listing Agency:
Housman Partners Real Estate
(270) 534-5569
Listed By:
Jessica Housman · License #201474
(270) 534-5569
Added: Jun 18
Changed: Jul 30
Last Checked: Aug 1 at 12:06PM
MLS# 137540
Copyright © 2026 Western Kentucky Regional MLS Inc. 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.
Built in 1890, this distinctive multi-level commercial property has historically served as both a residential duplex and a chiropractic office, reflecting a flexible layout. Interiors feature original architectural details including exposed brick, wood floors, tall ceilings, and abundant natural light. The configuration includes multiple offices, reception areas, gathering spaces, and two kitchen areas, along with a floored attic and basement storage.
The property is located on Jefferson Street, just minutes from downtown Paducah, with plentiful parking available on site. Multiple entrances support separate access points, which can be helpful for accommodating varied uses within the building.
The property is located on Jefferson Street, just minutes from downtown Paducah, with plentiful parking available on site. Multiple entrances support separate access points, which can be helpful for accommodating varied uses within the building.
Key Highlights
- Built in 1890 multi‑level building with over 3,400 SF and historic character in downtown Paducah
- Previously used as a residential duplex and chiropractic office, with a layout suited to multi‑use options
- Interior features include exposed brick, wood and tile flooring, tall ceilings, abundant natural light, and multiple offices and reception areas
Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $64.5k | $18.96 |
| − Vacancy | −$6.8k | −$1.99 |
| EGI | $57.7k | $16.97 |
| − OpEx | −$21.6k | −$6.36 |
| NOI | $36.1k | $10.61 |
3,400 SF · lease $18.96/SF/yr · vacancy 10.50% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$515.1K
$450.8K – $601.0K
NOI $36,060 @ 7.0% cap · market cap 9.13%
Second Best
Healthcare Medical
$505.0K
$441.9K – $589.2K
NOI $35,352 @ 7.0% cap · market cap 8.95%
Theoretical Best
Warehouse
$708.4K
$619.9K – $826.5K
NOI $49,589 @ 7.0% cap · market cap 12.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
374
Businesses Nearby
Under-served
Demand for This Use
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Fox Equine Services — Paducah, KY 42002
Frequently Asked Questions
What type of property is this?
Medical Office Space - Built in 1890, this multi-level property offers historic interiors, multiple entrances, and space that has served as a duplex and chiropractic office.
Where is this medical office space located?
The property is located at 806 Jefferson 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 multi‑level building with over 3,400 SF and historic character in downtown Paducah; Previously used as a residential duplex and chiropractic office, with a layout suited to multi‑use options; Interior features include exposed brick, wood and tile flooring, tall ceilings, abundant natural light, and multiple offices and reception areas
