315 Broadway St Paducah, KY 42001-0712

Property Details for 315 Broadway St

Year built

1955

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.14 lot acres

Property size

2,800 SF

Property type

Commercial real estate

APN

112-13-17-008

APU

1121317008

Description

This exceptional 14,000-square-foot mixed-use building, located at 315 Broadway Street in Paducah, Kentucky, presents a unique investment opportunity. Built in 1880, this three-story structure sits on a 0.13-acre lot and boasts a wealth of original character, including exposed brick, beautiful historic details such as an early 1900's solid metal "barn style" fire door, original salvagable hardwood floors, brick arched doorways, and exposed wood rafters. The first floor features an original tin ceiling, adding to its charm. The building includes a front permanent staircase providing access to all three floors, each with ceilings exceeding 10 feet. A freight elevator in the rear and a smaller rear staircase enhance functionality. The property also features a newer Atlas roof (less than 10 years old), updated electrical systems, and a sprinkler system. An elevator shaft with a pit is located at the front of the building. The building is currently vacant, with an occupancy date of February 7, 2024, and is zoned R-3. With 5796 square feet of usable first-floor space on the third block of Broadway in downtown Paducah, this property offers significant potential for a variety of uses, including condominiums, restaurants, offices, retail spaces, or a gym/recreational facility. The asking price is $649,000, representing a price per square foot of $46.36. The net rentable square footage is 13,660 square feet. This is an owner/user investment opportunity.