2660 Olivet Church Rd Paducah, KY 42001-9703

Property Details for 2660 Olivet Church Rd

Lot size

0.89 lot acres

Property type

Commercial real estate

APN

076-40-00-105

APU

764000105

Description

This exceptional Class A office building, located at 2660 Olivet Church Rd in Paducah, Kentucky, presents a compelling investment opportunity. The single-story, 5,913 square foot property boasts a desirable multi-tenant occupancy, currently fully leased to two established businesses. The building is situated in the thriving West Park Village area, surrounded by a robust mix of medical, professional, retail, and restaurant establishments, ensuring high visibility and consistent traffic flow. The property features two units within one building, offering flexibility for potential buyers. A buyer could potentially occupy one suite while maintaining the other as a rental income stream. The asking price is $1,395,000, representing a compelling price per square foot of $235.92 and a strong projected cap rate of 5.87%. The current Net Operating Income (NOI) stands at $81,950, demonstrating the property's significant income-generating potential. The property is zoned for commercial use and is well-maintained, reflecting its high-quality construction and ongoing upkeep. With significant ongoing development in the immediate vicinity, this property offers excellent potential for future appreciation. This is a rare opportunity to acquire a fully leased, income-producing asset in a prime Paducah location. The property's strong tenant base, strategic location, and attractive financial metrics make it an ideal addition to any investment portfolio.