512 S 12th St - Freestanding FOR SALE


Murray, KY 42071
$449,900 USD
270-839-3136
512 S 12th St, Murray, KY for Sale
$449,900 USD
Freestanding - FOR SALE
1/12
null | Request Cap Rate

512 S 12th St
Murray, KY 42071


HIGHLIGHTS

  • Property located in prime high traffic location with 136' of road frontage.

OVERVIEW

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. Current tenant rents 9000/sqft of space. 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. **UPDATE** Current tenant is ready to sign a new 3-year lease term at $3,700/month to begin 01/01/2026. With additional rental income possible for 2-bay storage garage of $250/month, this property will offer an 8.3% CAP Rate beginning January 20206.

FOR SALE DETAILS

PRICE

$449,900 USD

PRICE/SF

$37 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.63 AC

LAND SF

27,617 SF

ZONING

B-2

APN/PARCEL ID

005-0-0019-00003

ASK ABOUT THIS PROPERTY

Brian SettleAtlas Real Estate & Auction ServicesMore Info
270-839-3136

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Brian SettleAtlas Real Estate & Auction ServicesMore Info
270-839-3136

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.