606 S 2nd Street,Central City, KY 42330
Central City, KY 42330
Description
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.
Details
| MLS # | 26003220 |
|---|---|
| Listing Type | For Sale |
| Style | Hotel/motel |
| Building Name | Caronoda Motel |
| Sub-Type | Resale |
| Status | Active |
| Year | 1962 |
| Days On Site | 187 |
| Listing Provided By | Godby Realty & Auction | Ronald Gibson |
Features
| SQ Feet | 1,929 |
|---|---|
| Building(s) | 2 |
| Zoning | Other |
| Acreage | 1.35 |
Interior
| Cooling | Multi Units |
|---|---|
| Heating | Heat Pump |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
Parking
| Attached Garage Yes / No | No |
|---|---|
| Parking Features | On Site, Open, Paved |
Utilities
| Utilities | Electricity Connected, Phone Connected, Water Connected |
|---|---|
| Electric | 200+ Amp Service |
Area Information
| State | KY |
|---|---|
| County | Muhlenberg |
| City | Central City |
| Zip Code | 42330 |
| Area | 100 Muhlenberg County |
| Subarea | Muhlenberg County |
| Community Name | Commercial |
| Listing VS Median (in Commercial) | |
Price: $1,350,000 low | high Med: $84,450 sqft: 1,929 low | high Med: 1,968 $ / sqft: $700 low | high Med: $50 On site: 187 low | high Med: 210.5 | |
Request a showing
Request a showing
Contact
Learn More About This Property
| State | KY |
|---|---|
| County | Muhlenberg |
| City | Central City |
| Zip Code | 42330 |
| Area | 100 Muhlenberg County |
| Subarea | Muhlenberg County |
| Community Name | Commercial |
| Listing VS Median (in Commercial) | |
Price: $1,350,000 low | high Med: $84,450 sqft: 1,929 low | high Med: 1,968 $ / sqft: $700 low | high Med: $50 On site: 187 low | high Med: 210.5 | |
 |  |  |
© 2026 Coldwell Banker McMahan. All Rights Reserved. Coldwell Banker® and the Coldwell Banker Logo are registered service marks owned by Coldwell Banker Real Estate LLC. Coldwell Banker McMahan fully supports the principles of the Fair Housing Act and Equal Opportunity Act. Each franchise is independently owned and operated. Any services or products provided by independently owned and operated franchises are not provided by, affiliated with or related to Coldwell Banker Real Estate LLC nor any of its affiliated companies.
