3121 Broadway St - Storefront Retail/Office FOR SALE


Paducah, KY 42001
$3,495,000 USD
270-331-4747
3121 Broadway St, Paducah, KY for Sale
$3,495,000 USD
Storefront Retail/Office - FOR SALE
1/58
null | Request Cap Rate

3121 Broadway St
Paducah, KY 42001


HIGHLIGHTS

  • Tenants include: Mellow Mushroom, Pipers Tea & Coffee, Forever Sweet Creamery, Sprocket and more!
  • Iconic art deco building originally built in 1939 as a Coca-Cola distribution center.
  • Over 43,000 square feet.
  • Expertly located in Paducah's charming and bustling Midtown attracting both heavy foot and vehicle traffic.

OVERVIEW

Incredible investment opportunity in the heart of Paducah's charming Midtown! Built in 1939, this art deco building was originally a bottling facility and a major distribution center for Coca-Cola for nearly 50 years. It later became a warehouse facility until operations were moved to an industrial park across town. After years of being vacant, with new owners, this iconic building's major rehabilitation and repurposing began early 2013 and the project quickly became both a local and national sensation! The Coke Plant naturally attracted a strong tenant base and is now a cultural hub consisting of retail, food service, meeting and office spaces. In addition to all the new life within this anchor landmark, it dramatically changed the surrounding neighborhoods, encouraging a more walkable community and put Paducah's Midtown on the map as a destination. The Coke Plant is on the National Register of Historic Places and won the Ida Lee Willis Memorial Foundation Historic Preservation Award in 2017. Total building is over 46,000 sq ft. There is 7380 sf of vacant space leaving room for further redevelopment and increased income. Two ground floor spaces (1596 sq ft and 820 sq ft) and second floor (4964 sq ft). TENANTS INCLUDE: Mellow Mushroom; Pipers Tea & Coffee; Dry Ground Brewing Company; Sprocket; Time on a String; Socially Present; Forever Sweet Creamery, Yellow Horse Photography. Note: Photographs do not include all tenants. No business in the Coke Plant is for sale. The purchase is for real estate only.

FOR SALE DETAILS

PRICE

$3,495,000 USD

PRICE/SF

$80 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

The Coke Plant

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Fast Food, Loft/Creative Space, Industrial Live/Work Unit

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1939

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.26 AC

LAND SF

54,886 SF

ZONING

B-3

APN/PARCEL ID

095-44-14-001

ASK ABOUT THIS PROPERTY

Kathleen GillespieThe Washburn Gillespie Group | eXp Realty LLCMore Info
270-331-4747

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Kathleen GillespieThe Washburn Gillespie Group | eXp Realty LLCMore Info
270-331-4747

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