AUCTION
Thursday, October 17th • 10:07 AM
411 & 417 Jefferson Street & 219 N. 4th Street
I-24 Business Loop • Paducah, KY
Attention Contractors, Downtown/Lowertown Investors, Warehouse Managers, & Visionaries!
Fully Sprinkled • Over ±1 Acre Under Roof
3 Buildings in One
Preview: Thursday, October 17th at 8:37 AM
Auction held at the 219 N. 4th Street Building
One of the most prominent buildings and locations in Paducah on beautiful Jefferson Street - within feet of walking distance from the riverfront, Lowertown, and the new proposed downtown hotel complex. Has had one owner for nearly 34 years (since 1990) that possibly had a vision, but never acted on it. As an absentee owner, they rented one building as a church, another rented to a distillery, and still another for warehousing antiques. This historical property and location is fully sprinkled with ±45,615 Sq. Ft. under roof. A multi-use property, there are 3 buildings – each with separate metered electric, firewalls and doors with panic hardware, high clearance ceilings, freight elevator, loading dock, offices, restrooms, breakrooms, residence, and more!
417 Jefferson Street: primarily a one level building, plus a second story apartment. Fully sprinkled ±10,390 under roof, concrete floor, double door commercial entry on Jefferson Street – recently occupied by a church. Has a stage/altar area, panic hardware side door exits, fire door separation/interconnects to 411 Jefferson Street & 219 N. 4th. The upstairs apartment is ±1,377 Sq. Ft. with 2 or 3 bedrooms/offices with full bath, has staircase protected exit to Jefferson Street.
411 Jefferson Street: ±21,851 Sq. Ft. 2 story building – fully sprinkled, commercial double door entry from Jefferson Street. ±2,500 Sq. Ft. of front offices – restrooms, breakrooms, wood floors, freight elevator, storage shelving, large warehouse spaces. Staircase to fully sprinkled ±5,000 Sq. Ft. basement with additional storage space & shelving, freight elevator goes to all 3 levels. Also houses a natural gas boiler – condition unknown.
219 N. 4th Street: ±8,532 Sq. Ft. fully sprinkled building – primarily one level for shipping and receiving, concrete floors, loading dock, fluorescent lighting, front office, manual conveyors, hanging electric and Modine style heaters, 2nd story warehouse space. Building was recently rented to a distillery.
Auctioneer’s Note: Building in need of restoration. Roof upgraded in 2018. Buildings were primarily dry including basement (other than one small room) day after recent 6.5” rain. Call for inspection.
Remember Paducah at its’ finest! Come on Paducah – what’s its’ highest and best use? Fully sprinkled car museum? Antique Quilt Museum? Distillery? Or all 3? There’s room for ALL! So many possibilities. Visit our Facebook Page & give us your ideas! This is a once in a lifetime opportunity!
Terms of Auction: 15% Deposit day of auction; balance within 30 days. A 10% Buyer’s Premium will be added to the final bid and included in the total contract price.
Terms of Real Estate Auction: 15% Deposit day of auction; balance within 45 days. A 10% Buyer's Premium will be added to the final bid and included in the total contract price.
