1901 Kentucky Avenue, Paducah, KY
Health Care for Sale - $280,000 - 4,150 Sq. Ft. on 0.5 acres
Property Info
CIMLS# | 986962 |
Location 1901 Kentucky Avenue Paducah KY 42003 | |
Updated | August 29th, 2018 |
Type | Health Care |
Price | $280,000 |
Building | 4,150 Sq. Ft. |
Land | 0.5 acres |
Property Description
MLS ID: #94103. Features include: Class B1 Property with 110 feet of road frontage. Separate side entry door, large glass-front administrative area, pharmacy, lab, two nurses' stations, 4 offices, 6 exam rooms, x-ray room, 3 baths and kitchen. 4,150 sq ft. Lot size: 110'x165'. Includes front parking lot 165' x 60' with 20 parking spaces. (Additional 10 spaces in back.) Inside city limits on high-volume 4-lane "healthcare alley." Only 7 blocks from (and on the same street as) Baptist Health Paducah Hospital, which serves about 200,000 patients per year from 4 states. Mercy Health Hospital is located 2.5 miles away and also serves as a regional referral center for a wide geographic region. Both hospitals draw patients from more than a dozen counties in western Kentucky, southern Illinois, southeast Missouri, and northwest Tennessee. All building utilities (water, gas, electricity) have remained connected while property has been vacant and on the market.
Financials
Last rental income $5300/month. Tax assessment: $375,000. This property was donated as a gift to a charitable clinic by two physicians who ended their partnership. The charitable clinic paid the loan balance of $83,000. The original loan was for $375,000. A 2017 Broker's Price Opinion gave the property a market value of $298,000.