5050 Village Square Drive, Paducah, KY 42001 (MLS# W99697)

5050 Village Square Drive, Paducah, KY 42001

$440,000

Property Type: Commercial Sale Square Footage: 8,900 Status: Closed

Current Price: $440,000 List Date: 10/02/2018 Last Modified: 7/31/2026

Overview

Description

CLASS A COMMERCIAL PROPERTY FOR SALE - Centrally located with high traffic counts in the West Park area and in excellent condition. Currently rented in two suits, 1600sf-North Western Mutual and 7300sf-Atlas Physical Therapy. Atlas can be split into two space and will be available for lease January 2019. Ideal for a owner occupant to use one suit and offset building cost with long term tenants in the others. Northwestern Mutual will sign a new 5 year lease upon purchase. 2000-7300sf for lease. MLS #99715 and 99714. A buyer purchased 1/2 of the property for $440,000 and became partners in the property with the other owner. Closing took place on 12/31/2021.

Listing Details MLS# W99697

Status Change Information

Status Change Timestamp: 2021-01-20
Purchase Contract Date: 2020-03-10
Close Date: 2020-12-30
Close Price: 440000
Buyer Financing: Cash

Address

County: McCracken
Street Number: 5050
Street Name: Village Square
Street Suffix: Drive
State: KY
Zip Code: 42001

Contract

Original List Price: 1300000
Listing Contract Date: 2018-10-02
Owner Name: BC Properties
Occupant Type: Occupied
SP/LP: 0.44

Interior

Living Area: 8900
Building Area Source: Owner

Building

Basement YN: No
Stories Total: Yes
Accessibility Features YN: Yes

Utilities

Cooling YN: Yes
Heating YN: Yes
Cable Available: Yes
Sewer Available: Yes
Water Available: Yes

More Information

Remarks

Public Remarks: CLASS A COMMERCIAL PROPERTY FOR SALE - Centrally located with high traffic counts in the West Park area and in excellent condition. Currently rented in two suits, 1600sf-North Western Mutual and 7300sf-Atlas Physical Therapy. Atlas can be split into two space and will be available for lease January 2019. Ideal for a owner occupant to use one suit and offset building cost with long term tenants in the others. Northwestern Mutual will sign a new 5 year lease upon purchase. 2000-7300sf for lease. MLS #99715 and 99714. A buyer purchased 1/2 of the property for $440,000 and became partners in the property with the other owner. Closing took place on 12/31/2021.

Tax & Legal

Directions: From Hinkleville Road heading West turn onto New Holt Road, at stoplight of New Holt and Village Square turn Right, follow to property on the Right. If you get to Round about on Village Square you have went too far.

Association/Community

Number Of Buildings: 1

Construction Materials

Other: Yes

Cooling

Central Air: Yes

Heating

Electric: Yes
Natural Gas: Yes

Listing Terms

Lease Option: Yes

Possession

Negotiable: Yes
Subject To Tenant Rights: Yes

Roof

Composition: Yes
Shingle: Yes

Sewer

Public Sewer: Yes

Water Heater

Gas: Yes

Building Features

Other Flooring Type: Yes
Tile/Brick Floor: Yes
Wood Flooring: Yes

Business Type

Professional/Office: Yes

Docks

None: Yes

Sale Includes

Easements: Yes

Showing Requirements

Call Listing Agent: Yes

Property Features

Utilities: Cable Available; Sewer Available; Water Available; Cable Available; Sewer Available; Water Available Building Features: Other Flooring Type; Tile/Brick Floor; Wood Flooring Business Type: Professional/Office Construction Materials: Other Cooling: Central Air Docks: None Heating: Electric; Natural Gas Listing Terms: Lease Option Possession: Negotiable; Subject To Tenant Rights Roof: Composition; Shingle Sale Includes: Easements Sewer: Public Sewer Water Heater: Gas Showing Requirements: Call Listing Agent

Listing Office: Arnold Realty Group

Last Updated: July - 31 - 2026

Information deemed reliable but not guaranteed.