$1 Auction -REIT Sale | Former Dollar General 620 S 4th St 9,251 SF Retail Building Paducah, KY 42003 $248,659 CAD ($26.88 CAD/SF)

Marcus & Millichap is pleased to present the opportunity to acquire a vacant, free-standing retail/commercial building located at 620 South 4th Street (a/k/a 613 South 3rd Street) in Paducah, Kentucky (the “Property”). Formerly occupied by Dollar General, the Property is offered significantly below replacement cost, presenting an exceptional opportunity for owner/users or investors to acquire a highly visible commercial asset at a substantial discount. FIRST BID MEETS RESERVE!
Constructed in 2011, the Property consists of a one-story, free-standing retail building totaling ±9,251 gross square feet situated on a ±1.656-acre parcel (±71,146 SF) with 33 surface parking spaces. The site benefits from excellent visibility and accessibility via two curb cuts and frontage along four (4) roads, including South 4th Street with ±14,888 vehicles per day (VPD), South Loop/US Highway 60 (±6,879 VPD), Ohio Street, and Oscar Cross Avenue. Previously occupied by Dollar General under a triple net (NNN) lease, the Property is fully built-out for retail use and presents a compelling value-add opportunity for lease-up, owner occupancy, adaptive reuse, or repositioning. Zoned M-1 Light Industrial, the Property permits a broad range of commercial, industrial, retail, warehouse, showroom, contractor, flex, and service-oriented uses, providing exceptional flexibility and long-term investment potential.
The Property is strategically located in Paducah, Kentucky, the commercial and economic hub of far western Kentucky, positioned along Interstate 24 and the Ohio River. As the region’s primary retail, healthcare, and employment center, Paducah draws consumers from a broad multi-state trade area extending throughout western Kentucky and portions of southern Illinois, southeastern Missouri, and southern Indiana. Nearby national retailers including Walmart, Kroger, Lowe’s, Dollar Tree, CVS, CATO, Aaron’s, and numerous other regional businesses reinforce the area’s established retail presence and consistent consumer traffic. Supported by strong regional connectivity, a diverse commercial base, and Paducah’s role as the dominant shopping destination within the four-state region, the Property is well-positioned for owner occupancy, re-leasing, adaptive reuse, or long-term value-add repositioning. The surrounding 5-mile trade area is home to more than 37,000 residents with an average household income exceeding $78,000, providing a stable consumer base that supports a variety of retail, commercial, flex, service-oriented, and light industrial uses.