1104 Chestnut StMurray, KY 42071

Property Details for 1104 Chestnut St

Property size (Sq ft)

10,950 SF

Property type

Retail properties

Property subtype

Banks

APN

041-D-0001

APU

041D0001

Description

This exceptional retail property, located at 1104 Chestnut Street in Murray, Kentucky, presents a unique opportunity for businesses seeking a high-visibility location. Situated at the coveted intersection of North 12th Street and Chestnut Street, this property boasts a total of 7,500 square feet of space, currently offering one available unit. The property's versatile design is suitable for a variety of uses, including quick-service restaurants (QSR), office spaces, and service-oriented businesses. Its prime location in Calloway County, Kentucky, ensures high foot traffic and excellent exposure to a thriving community. The address is 1104 Chestnut St, Murray, KY 42071. This is a build-to-suite opportunity, allowing for customization to perfectly meet the tenant's specific needs and vision. The property's strategic placement at a major intersection guarantees maximum visibility and accessibility, making it an ideal location for businesses aiming to establish a strong presence in the Murray market. This is a truly exceptional opportunity to secure a trophy location in a vibrant and growing Kentucky community. The property is classified as multi-tenant retail space.

• CAP approach

  CAP return

  Valuation

  6%

  $3,679,318

  6.5%

  $3,396,294

  7%

  $3,153,701

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,151,228

  Geo Method

  $2,151,228

• Alternative Use

  Use

  Valuation

  Residential

  $2,864,900

  Hospitality

  $2,624,234

  Educational

  $2,183,332

  Medical

  $2,258,420

  Retail

  $3,396,294

Location Insight

City

Murray

County

Calloway

State

Kentucky

Latitude

36.6177

Longitude

-88.3147

CBSA code

34660

CBSA name

MURRAY, KY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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