512 S 12th St

12,060 SF Retail Building Murray, KY 42071 $499,000 ($41/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.

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
Tenancy
Single
Building Height
1 Story
Building FAR
0.44
Lot Size
0.63 AC
Zoning
B-2
Frontage
136 FT on S 12th Street

AMENITIES

  • Storage Space

NEARBY MAJOR RETAILERS

Sirloin Stockade
Regions Bank
Truist
Food Giant
Cook Out
U.S. Bank
Starbucks

PROPERTY TAXES

  • Listing ID: 29928192

  • Date on Market: 10/31/2023

  • Last Updated:

  • Address: 512 S 12th St, Murray, KY 42071