Property profile

198 Broadway St Danville, KY 40422

OFF-MARKET
Office Spaces
13,500 SF 0.32 ac lot
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Property summary

AI-generated overview

This exceptional three-story office building, formerly occupied by Kentucky Utilities, presents a unique investment opportunity in the heart of Danville, Kentucky. Spanning 13,500 square feet of net rentable space, this property offers flexible interior layouts ideal for a variety of commercial uses. Situated on a 0.32-acre lot at 198 W Broadway St, the building boasts a highly visible location just one block from Main Street, providing excellent accessibility and exposure. The convenient location offers proximity to Ephraim McDowell Hospital and the Boyle County courthouse, enhancing its appeal to a wide range of potential tenants. The building features ample on-site and street parking, ensuring convenient access for employees and clients. The interior comprises two stories above ground, plus a finished basement level with its own separate exterior access, providing additional versatility and potential for expansion or specialized use. The building is in excellent condition and is zoned for downtown commercial use (CB Central Business District), allowing for a diverse range of business operations. The asking price for this remarkable property is $700,000. This represents a significant opportunity to acquire a substantial, well-maintained office building in a thriving Kentucky community. The property's size, location, and condition make it an attractive investment for both established businesses and new ventures seeking a prominent presence in Danville.

Property profile

Verified
Property type Office Spaces
Total area 13,500 SF
Lot 0.32 ac (13,939 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

198 Broadway St Danville, KY 40422
Danville metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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