311 N Arnold Ave - Office FOR SALE


Prestonsburg, KY 41653
$7,250,000 USD
859-422-4408
311 N Arnold Ave, Prestonsburg, KY for Sale
$7,250,000 USD
Office - FOR SALE
1/4
null | Request Cap Rate

311 N Arnold Ave
Prestonsburg, KY 41653


HIGHLIGHTS

  • Stabilized office asset with established rental history.
  • Located in downtown Prestonsburg's commercial center.
  • Flexible floor plans support single or multi-tenant occupancy.
  • Accessible to US 23 and KY 114 regional transportation corridors.
  • Near Big Sandy Regional Medical Center and related services.
  • Suitable for office, institutional, healthcare, or government users.

OVERVIEW

NAI Isaac is pleased to present a 70,277 SF office building for sale in Prestonsburg. 311 N Arnold Avenue presents the opportunity to acquire a stabilized multi-story office building in the commercial center of Prestonsburg, a regional business and government hub serving communities throughout Eastern Kentucky. The property contains approximately 70,277 square feet and offers a combination of established tenancy, flexible occupancy potential, and long-term functionality for investors, owner-users, institutional occupiers, healthcare organizations, educational users, or government agencies. Positioned within downtown Prestonsburg, the property benefits from proximity to major civic, healthcare, and professional services throughout the region. Big Sandy Regional Medical Center and other healthcare providers are located nearby, while convenient access to US 23 and KY 114 supports connectivity to Pikeville, Paintsville, Martin, Allen, and surrounding counties. This central location enhances accessibility for employees, clients, and regional visitors while supporting the property's role as a significant office asset within the local market. The building's flexible floor plans accommodate a variety of occupancy strategies, including single-tenant headquarters, multi-tenant office operations, public sector uses, educational functions, and healthcare-related administration. Existing rental history and projected operating performance provide investors with a foundation for ongoing income generation, while the scale and configuration of the asset offer future repositioning and occupancy flexibility. Offered at $7,250,000, the property provides an opportunity to acquire a substantial office building within Eastern Kentucky's established commercial corridor at a price point noted by ownership as below replacement cost.

FOR SALE DETAILS

PRICE

$7,250,000 USD

PRICE/SF

$103 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

5

BUILDING CLASS

B

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

80

LAND DETAILS

LAND ACRES

4 AC

LAND SF

174,240 SF

ZONING

-

APN/PARCEL ID

17960

ASK ABOUT THIS PROPERTY

Chad VoelkertNAI Isaac Commercial PropertiesMore Info
859-422-4408

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Chad VoelkertNAI Isaac Commercial PropertiesMore Info
859-422-4408

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.