230 W Main St, Danville, KY, 40422
Ephraim McDowell Health
Key Information
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.
• The investment offers value-add upside through lease-up of two vacant suites, providing the opportunity to increase net operating income and enhance yield through stabilized occupancy. Demand drivers include limited competing medical inventory, strong health system presence, and growing outpatient procedure utilization.
• 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.
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