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408 N 12th St 5,088 SF Retail Building Murray, KY 42071 $1,100,000 ($216.19/SF)
Executive Summary
Prime Commercial Location at Murray's Busiest Intersection! Located at the highly visible intersection of 12th and Chestnut St in Murray, this property includes the old Pizza Hut building which features 2,176 sq ft of restaurant space as well as 2,912 sq ft retail location next door. The large .69 acre lot has over 219 feet of frontage on N 12th St as well over 88 feet of frontage on Chestnut St. Property is zoned B-2 Highway Business District with a wide range of permitted usage including restaurant with drive-through, retail, office, medical, and more. This tract would make an excellent redevelopment opportunity or use of the existing building. Close to restaurants, retail, and MurrayState University on Murray's main thoroughfare!
Property Facts Under Contract
Sale Type
Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,088 SF
Building Class
B
Year Built
1977
Price
$1,100,000
Price Per SF
$216.19
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
0.68 AC
Opportunity Zone
Yes
Zoning
B-2 - B-2 Highway Business
Frontage
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $1,200,000 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,200,000
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408 N 12th St