304 Maple StMurray, KY 42071

Property Details for 304 Maple St

Property size (Sq ft)

3,608 SF

Property type

Office buildings

APN

010-0-0010-00009

APU

100001000009

Description

This exceptional two-story professional building at 304 Maple Street in Murray, Kentucky, offers over 3,600 square feet of versatile space. Ideally situated just off the courthouse square and adjacent to the Maple Center, this unique property boasts a prime location with high visibility. Previously utilized as a legal office and, notably, the Calloway County Sheriff's office, this building presents a wealth of possibilities for a variety of professional uses. The property benefits from a recently installed, high-quality roof, expertly fitted by a local contractor. A recent inspection confirmed the heating and air conditioning systems are in excellent working order, ensuring year-round comfort. The second floor showcases an open floor plan, perfect for collaborative work environments, and includes a convenient library/break room complete with built-in bookshelves. This meticulously maintained building presents a rare opportunity to acquire a substantial and well-located commercial property at an attractive price point of $170,000. The property sits on a 0-acre lot. Don't miss this chance to own a piece of Murray's history and secure a thriving business location.

• CAP approach

  CAP return

  Valuation

  6%

  $824,712

  6.5%

  $761,273

  7%

  $706,896

• Comparable approach

  Method

  Valuation

  Relative Method

  $281,280

  Geo Method

  $281,280

• Alternative Use

  Use

  Valuation

  Residential

  $943,978

  Hospitality

  $864,679

  Educational

  $719,403

  Medical

  $744,144

  Retail

  $1,119,071

Location Insight

City

Murray

County

Calloway

State

Kentucky

Latitude

36.6101

Longitude

-88.3016

CBSA code

34660

CBSA name

MURRAY, KY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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