512 S 12th St 12,060 SF Retail Building Murray, KY 42071 $499,000 ($41.38/SF)
INVESTMENT HIGHLIGHTS
- Property located in prime high traffic location with 136' of road frontage.
EXECUTIVE SUMMARY
Excellent investment opportunity to own commercial property in a prime location on Murray's south side. Located in a high traffic area of the city and surrounded by numerous other commercial businesses including retail, lodging & restaurants. In addition to current tenant occupied space the property also includes a 2-bay garage on the south side of the structure currently used for storage. New roof installed in 2021 by Woodall Roofing & Exteriors. Three-phase electric power available. This property could be built out to house 2-3 tenants. AADT 11,744 per KY DOT. Current tenant lease expires 12/31/2025.
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (ACTUAL - 2022) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
12,060 SF
Building Class
C
Year Built/Renovated
1950/2021
Price
$499,000
Price Per SF
$41.38
Tenancy
Single
Building Height
1 Story
Building FAR
0.44
Lot Size
0.63 AC
Zoning
B-2
Frontage
136’ on S 12th Street
AMENITIES
- Storage Space
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 005-0-0019-00003 | Improvements Assessment | $0 (2024) |
| Land Assessment | $0 (2024) | Total Assessment | $500,000 (2024) |
CONTACT
-
Brian Settle -
Atlas Real Estate & Auction Services
