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230 W Main St
Danville, KY 40422
Ephraim McDowell Health · Office Property For Sale

Investment Highlights

  • Surgery center–anchored MOB in a CON state, limiting competing surgical facility supply.
  • 22 surgeons actively performing procedures on-site, reinforcing consistent patient volume.
  • Value-add upside through lease-up of two vacant suites to increase NOI.
  • Anchored by Ephraim McDowell Health with strong patient referral networks and credit support.
  • Recent HVAC and cooling tower replacement reduces near-term capital expenditure risk.
  • Regional healthcare corridor with stable demographics and limited new medical development.

Executive Summary

Kyle Matthews
License # 221925, 239410 (KY)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
51,910 SF
Building Class
B
Year Built
1918
Price
$13,289,404
Price Per SF
$256.01
Cap Rate
8.50%
NOI
$1,129,599
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
12,978 SF
Building FAR
2.65
Lot Size
0.45 AC
Opportunity Zone
Yes
Zoning
Commercial

Property Taxes

Property Taxes

Parcel Number
D08-017-002
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$7,175,000
  • Listing ID: 41191572

  • Date on Market: 7/7/2026

  • Last Updated:

  • Address: 230 W Main St, Danville, KY 40422

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