620 S 4th St - Freestanding FOR SALE


Paducah, KY 42003
$175,000 USD
305-206-1286
620 S 4th St, Paducah, KY for Sale
$175,000 USD
Freestanding - FOR SALE
1/9
null | Request Cap Rate

620 S 4th St
Paducah, KY 42003


HIGHLIGHTS

  • ABSOLUTE $1 AUCTION | Former Dollar General | Built 2011 | 21K VPD | AUCTION AUGUST 3-5
  • ±9,251 SF Freestanding Value-Add Retail on 1.65 Acres Available at Substantial Discount Below Replacement Cost
  • Former Dollar General with Open Floor, Rear Storage Room, and Side Door for Deliveries
  • 14,888 VPD Traffic Counts on S 4th St and 6,879 VPD on US-60 Business at Hard Corner in High Traffic Corridor
  • Surrounding Traffic Generators: Walmart, Kroger, Lowe’s, Dollar Tree, CVS, CATO, Aaron’s, Holiday Inn, USPS, Mercy Health Lourdes Hospital
  • Attractive Demographics with Annual Household Income of ±$78,022 and ±37,327 People and within 5-Mile Radius

OVERVIEW

Marcus & Millichap is pleased to present the opportunity to acquire a vacant, free-standing retail/commercial building located at 620 South 4th Street (a/k/a 613 South 3rd Street) in Paducah, Kentucky (the “Property”). Formerly occupied by Dollar General, the Property is offered significantly below replacement cost, presenting an exceptional opportunity for owner/users or investors to acquire a highly visible commercial asset at a substantial discount. FIRST BID MEETS RESERVE! Constructed in 2011, the Property consists of a one-story, free-standing retail building totaling ±9,251 gross square feet situated on a ±1.656-acre parcel (±71,146 SF) with 33 surface parking spaces. The site benefits from excellent visibility and accessibility via two curb cuts and frontage along four (4) roads, including South 4th Street with ±14,888 vehicles per day (VPD), South Loop/US Highway 60 (±6,879 VPD), Ohio Street, and Oscar Cross Avenue. Previously occupied by Dollar General under a triple net (NNN) lease, the Property is fully built-out for retail use and presents a compelling value-add opportunity for lease-up, owner occupancy, adaptive reuse, or repositioning. Zoned M-1 Light Industrial, the Property permits a broad range of commercial, industrial, retail, warehouse, showroom, contractor, flex, and service-oriented uses, providing exceptional flexibility and long-term investment potential. The Property is strategically located in Paducah, Kentucky, the commercial and economic hub of far western Kentucky, positioned along Interstate 24 and the Ohio River. As the region’s primary retail, healthcare, and employment center, Paducah draws consumers from a broad multi-state trade area extending throughout western Kentucky and portions of southern Illinois, southeastern Missouri, and southern Indiana. Nearby national retailers including Walmart, Kroger, Lowe’s, Dollar Tree, CVS, CATO, Aaron’s, and numerous other regional businesses reinforce the area’s established retail presence and consistent consumer traffic. Supported by strong regional connectivity, a diverse commercial base, and Paducah’s role as the dominant shopping destination within the four-state region, the Property is well-positioned for owner occupancy, re-leasing, adaptive reuse, or long-term value-add repositioning. The surrounding 5-mile trade area is home to more than 37,000 residents with an average household income exceeding $78,000, providing a stable consumer base that supports a variety of retail, commercial, flex, service-oriented, and light industrial uses.

FOR SALE DETAILS

PRICE

$175,000 USD

PRICE/SF

$19 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

$1 Auction -REIT Sale | Former Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Restaurant, Storefront, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2011

SPRINKLERS

-

PARKING SPACES

33

LAND DETAILS

LAND ACRES

1.66 AC

LAND SF

72,310 SF

ZONING

-

APN/PARCEL ID

112-32-07-010

ASK ABOUT THIS PROPERTY

Philip KatesMarcus & MillichapMore Info
305-206-1286

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

Philip KatesMarcus & MillichapMore Info
305-206-1286

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