Prime location just off Exit 16 with direct visibility and easy access to I-24, just minutes from town and nearby amenities. This income-producing property offers multiple revenue streams and includes a mobile home park with nine tenant-owned mobile homes, a former strip motel converted into two apartments (one currently used for storage), a residence currently operating as a residential/service business, and a former garage providing additional storage or flexible-use space and additional acreage with future mixed-use potential. The property offers more than 4,000 square feet under roof and is 100% occupied by long-term tenants. Rental rates have seen minimal adjustments over the years, creating potential upside for future income growth. Also included is approximately one acre of undeveloped land overlooking I-24 that may offer future mixed-use development potential, subject to applicable zoning regulations and governmental approvals. A rare opportunity to acquire a well-located, diversified income-producing property with strong occupancy and future potential. Schedule your private showing today.
Features
4 bedrooms
4 bathrooms
4099 sq. ft. floor area
crop_free162478.8 sq. ft. lot size
cottageDuplex
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Local market activity for 4 bedroom duplexes in Paducah
Sold
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