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The Coke Plant
Retail | 46,000 SF
Listing Contacts
License: KY 222131
Active
Asking Price: $3,495,000
Address
3121 Broadway St, Paducah, KY 42001
Show on MapDate Added
Jul 18, 2024
Days on Market
280 days
Time Since Last Update
3 days
Details
Property TypeRetail
SubtypeRestaurant, Storefront
Investment TypeStabilized
Investment Sub TypeRedevelopment
Lease TypeGross
Tenant CreditFranchisee
TenancyMulti
Brand/TenantMellow Mushroom, Pipers Tea & Coffee, Dry Ground Brewing Company, Sprocket, Yellow Horse Photography, Forever Sweet Creamery, Time on the String, Socially Present
Number of Tenants8
Square Footage46,000
Net Rentable (sq ft)43,600
Price/Sq Ft$75.98
Year Built1936
Year Renovated2013
Buildings1
Stories2
ZoningB3
Lot Size (acres)1.27
Broker Co-OpYes
Marketing Description
Incredible investment opportunity in the heart of Paducah's charming Midtown! Built in 1939, this art deco building was originally a bottling facility and a major distribution center for Coca-Cola for nearly 50 years. It later transitioned into their warehouse facility until operations were moved to an industrial park across town. After years of being vacant, with new owners, this iconic building's major rehabilitation and repurposing began early 2013 and the project quickly became both a local and national sensation! The Coke Plant naturally attracted a strong tenant base with 10 tenants and is now a cultural hub consisting of retail, food service, meeting and office spaces. In addition to all the new life within this anchor landmark, it dramatically changed the surrounding neighborhoods, encouraging a more walkable community and putting Paducah's Midtown on the map as a destination. The Coke Plant is on the National Register of Historic Places and won the Ida Lee Willis Memorial Foundation Historic Preservation Award in 2017. Total building is over 46,000 sq ft. There is still opportunity within for further redevelopment and increased income stream for the vacant space upstairs (4964 sq ft).
TENANTS INCLUDE: Mellow Mushroom; Peaberry Coffee; Dry Ground Brewing Company; Sprocket; Black Orchid Salon; Guerrilla Marketing; Forever Sweet Creamery; Distorted Arts and Imagery; KMR Woodworks; Yellow Horse Photography; Future Tenant A (second floor - 4964 sq ft).
Note: Photographs do not include all tenants. No business in the Coke Plant is for sale. The purchase is for real estate only.
Investment Highlights
Videos and Articles:
https://www.youtube.com/watch?v=_Fy9aZHligc
https://www.youtube.com/watch?v=apmffIQOhvA
https://thenews.org/2017/02/21/mellow-mushroom-in-coke-plant-opent-to-pizza-art-lovers/
https://gardenandgun.com/articles/a-creative-turnaround-in-paducah-kentucky/
https://www.travelandleisure.com/paducah-kentucky-unesco-creative-city-quilt-making-7152709
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Property History
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Due Diligence
Listing Contacts
- License: KY 222131
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