512 12Th StMurray, KY 42071

Property Details for 512 12Th St

Property size (Sq ft)

12,060 SF

Property type

Retail properties

Property subtype

Retail space

APN

005-0-0019-00003

APU

50001900003

Description

This exceptional 12,060 square foot commercial property at 512 S 12th Street, Murray, KY, presents a compelling investment opportunity. Situated in a high-traffic area on Murray's south side, this property benefits from its proximity to a variety of established businesses, including retail stores, lodging facilities, and restaurants. Currently occupied by a tenant with a lease expiring December 25th, the property offers immediate income potential. Beyond the main building, a valuable asset is the inclusion of a two-bay garage located on the south side, currently utilized for storage. This versatile space offers additional income potential or could be adapted to suit a variety of needs. The property boasts a recently installed roof (2021), ensuring long-term cost savings and peace of mind. Three-phase electric power is readily available, catering to a wide range of commercial uses. Access is facilitated by a shared drive easement with an adjacent carwash, ensuring convenient ingress and egress. This property is ideally suited for investors seeking a strong return on investment in a thriving commercial district. The combination of existing tenancy, versatile space, and prime location makes this an exceptional opportunity not to be missed.

• CAP approach

  CAP return

  Valuation

  6%

  $4,052,290

  6.5%

  $3,740,575

  7%

  $3,473,391

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,369,298

  Geo Method

  $2,369,298

• Alternative Use

  Use

  Valuation

  Residential

  $3,155,315

  Hospitality

  $2,890,252

  Educational

  $2,404,656

  Medical

  $2,487,355

  Retail

  $3,740,575

Location Insight

City

Murray

County

Calloway

State

Kentucky

Latitude

36.6014

Longitude

-88.3157

CBSA code

34660

CBSA name

MURRAY, KY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].