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    OFF-MARKET
    Office Spaces

    198 Broadway St, Danville, KY 40422

    13,500 SF 0.32 ac lot
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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