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34246971
34246970

230 West Main Street, Danville, KY 40422

JF
IL 475169452
Matthews
NG
IL 475.216591
Matthews
Listed by Matthews
$13,289,404
6 days on market
Updated 5 days ago
Opportunity zone

Gilcher Building

Details
Property Type Office
Sub Type Medical Office
Square Footage 51,910
Net Rentable (SqFt) 51,910
Units 4
Cap Rate 8.50%
NOI $1,129,599
Occupancy 90.31%
Tenancy Multi
Lease Type NNN
Remaining Term 5.6
Price per SqFt $256
Year Built 2006
Acreage 0.450
Ground Lease No

Health System & Surgery Center-Anchored Medical Building | Located in a Certificate of Need (CON) St

Investment highlights

Surgery center–anchored medical office investment located in Danville, Kentucky, a Certificate of Need (CON) state, creating meaningful barriers to entry for competing surgical facilities. The regulatory environment supports long-term stability and limits future supply.

The property is anchored by Ephraim McDowell Health, a leading regional health system serving south-central Kentucky. The health system affiliation provides institutional-grade credit support, strong patient referral networks, and long-term relevance within the local healthcare ecosystem.

The on-site surgery center serves the greater Danville trade area and is utilized by 22 surgeons actively performing procedures at the facility, underscoring the asset’s role as a critical outpatient healthcare hub and reinforcing consistent patient volume and operational demand.

Significant recent capital improvements have been completed, including replacement of the HVAC system and cooling tower, reducing near-term capital expenditure risk and providing investors with improved building efficiency and long-term operational reliability.

Strategically located in Danville, the property benefits from its position within a regional healthcare corridor serving Boyle County and surrounding communities. The market is supported by stable demographics, limited new medical development, and increasing demand for outpatient surgical and specialty medical services.

Listing Contacts

JF
IL 475169452
Matthews
NG
IL 475.216591
Matthews
Listed by Matthews

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$1,129,599.36
$94,133.28/mo

Valuation Metrics

0
DSCR
8.5%
Cap Rate
8.5%
ROI

Map

Zoning

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Last updated Apr 20, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Kyle Matthews
License
221925, 239410 (KY)
Brokerage
Matthews Real Estate Investment Services, Inc
Brokerage Phone
(866) 889-0550
Title
Broker of Record
Brokerage Address
1600 West End Ave, Ste. 1500 Nashville, TN 37203
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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