Listing provided courtesy of Godby Realty & Auction- MLS# 26003220MLS Provider

606 S 2nd StreetCentral City, KY 42330

Commercial · 1,929 Sq. ft. | 1.35 Acres
$1,350,000 Active

606 S 2nd Street Overview

Time on Site:
126 days
Visits:
0

The motel provides comfortable accommodations featuring complimentary high-speed Wi-Fi, individually controlled air conditioning, a 24-hour front desk, and on-site laundry facilities. It is conveniently located within walking distance of local dining options, including El Bracero Mexican Restaurant. Muhlenberg County, Kentucky, is experiencing a notable economic transformation in its industrial sector, shifting toward defense manufacturing, specialized industrial equipment, and energy production. Key developments include: Paradise Regional Industrial Park: This 620-acre site, located approximately 3 miles west of Greenville and adjacent to the Western Kentucky Parkway, is a collaborative initiative managed by the Paradise Park Regional Industrial Authority, involving Daviess, Hopkins, McLean, Muhlenberg, and Ohio counties. The park supports a range of industries, including steel, plastics, logistics, and advanced manufacturing. Recent projects highlight its growing momentum: Biomass Engineering and Equipment (BE&E), the park's first tenant, announced a $20 million state-of-the-art manufacturing facility focused on equipment for the biomass, recycling, agricultural, and forest products sectors, with plans to create 250 jobs. Greenville Manufacturing Kentucky (a Floyd Holdings company) is establishing a new $16.2 million operation at the park, also projected to employ 250 people in similar specialized equipment production. Defense and Explosives Manufacturing: Repkon USA is constructing a $435 million, state-of-the-art trinitrotoluene (TNT) production facility in Graham, marking the first domestic TNT manufacturing in the United States in decades. This project, supported by a U.S. Army contract, underscores the region's expanding role in defense-related production. Established players such as Dyno Nobel (explosives manufacturing) and Ensign-Bickford Aerospace & Defense (EBAD) maintain significant operations in Graham. Energy Sector: The Tennessee Valley Authority (TVA) operates the Paradise Combined Cycle Plant in Drakesboro, a natural gas-fired facility that serves as a major regional employer. The site includes combined-cycle units for efficient power generation and additional combustion turbine capacity added in recent years. TVA continues to invest in complementary renewable initiatives, including solar projects. This combination of investments positions Muhlenberg County as an emerging hub for high-tech manufacturing, defense, and energy infrastructure, offering enhanced economic opportunities and supporting related business travel and development in the area.

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606 S 2nd Street Facts & Features

  • Type Commercial
  • Sq. ft. 1,929
  • Price/Sq.ft. $700
  • Lot 1.35 Acres

Details

General

Income/Expenses

  • Existing Lease Type: None

Building Information

  • Year Built: 1962

Business Information

  • Business Name: Caronoda Motel
  • Business Type: Hotel/Motel

Location/Region

  • County Or Parish: Muhlenberg
  • MLS Area Major: 100 - Muhlenberg County
  • MLS Area Minor: 100 - Muhlenberg County
  • Subdivision Name: Commercial

General Information

  • Listing Terms: Cash,Conventional
  • Parcel Number: 142-03-03-030
  • Property Sub Type: Hotel/Motel
  • Property Type: Commercial Sale
  • Special Listing Conditions: Standard
  • Zoning: Other

Interior

Beds/Baths

  • Bathrooms Total: 0

Building Interior

  • Building Area Total: 9120.0
  • Building Area Units: Square Feet

General Information

  • Electric: 200+ Amp Service
  • Living Area: 1929.0
  • Living Area Source: Public Records
  • Living Area Units: Square Feet
  • Stories Total: 1

Exterior

Parking Information

  • Parking Features: On Site,Paved,Open

Lot Information

  • Lot Size Acres: 1.35
  • Lot Size Area: 1.35
  • Lot Size Square Feet: 58806.0
  • Lot Size Units: Acres
  • Number Of Buildings: 2

Building Exterior/Construction

  • Attached Garage: false

General Information

  • Utilities: Electricity Connected,Phone Connected,Water Connected

606 S 2nd Street Neighborhood

Community

42330 (CENTRAL CITY) Demographics

41
Median Age
101
Population Density (per sq. mile)
20%
College Educated
$45,740
Estimated Median Income
2,508
Estimated Total Home Owners
780
Estimated Total Renters
76% / 24%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

606 S 2nd Street Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

606 S 2nd Street Market Data

Based on the last 30 days in this zip code

$141,725
Average List Price
$93
Average Price per Square Foot
0
Properties Sold
124
Average Days on Market
4
Properties for Sale
Calculations provided by Reliance Network

606 S 2nd Street History

Date Event Value Agent
2/23/2026Source: Imagine MLS/Bluegrass Added to Database
February 23, 2026