331 Madison St, Paducah, KY 42001

Property Description

Located in the heart of downtown Paducah, just two blocks from the riverfront, this historic brick property offers 4,064 square feet of finished space with a unique combination of commercial and residential use. Built in 1920, the two-story building features 10-foot ceilings, hardwood floors, original architectural details, and spacious covered porches that highlight its historic character. Currently configured as a mixed-use property, this unique space features an occupied commercial area and a private residential apartment, each with it's own separate entrance. For added functionality, an interior back staircase connects the two spaces while maintaining privacy for both. The residential apartment features 3 bedrooms, 2 full bathrooms, a spacious living room, kitchen, two fireplaces, a clawfoot soaking tub, and a dedicated laundry closet with stackable washer and dryer. Additional features include newer windows and roof, electrical upgrades, some plumbing updates, luxury vinyl flooring with soundproof underlayment on the 331 side, an unfinished cellar basement, and off-street parking for two vehicles. The commercial space is fully rented, with tenants to remain. Located within walking distance of Paducah's riverfront, Farmers' Market, restaurants, local shops, and downtown attractions, this property offers an opportunity to own a historic mixed-use building with an established commercial tenant and separate residential living space.