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512 S 12th St 12,060 SF 75% Leased Retail Building Murray, KY 42071 $449,900 ($37.31/SF) 8.44% Cap Rate
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 (Through 1/1/29) the Property Also Includes a 2-bay Garage Located on the South Side of the Structure Currently Used for Storage by Seller and an Additional Single-Bay Garage with Storage Room. The 2-Bay Garage is Currently Being Cleared Out to Place Another Tenant and Bring an Additional $400 per Month. The Single-Bay Garage and Storage Room Could Add an Additional $200 Per Month. Current tenant rents 9000/sqft of space. New Roof Installed in 2021. Three-phase Electric Power Available. Shared Drive Easement with Neighboring Carwash. **UPDATE** Current tenant has entered into a new 3-year (gross lease) term at $3,700/month. With additional rental income possible for 2-bay storage garage of $400/month, this property could offer an 8.70% CAP Rate. Adding a tenant at $200/month to the single-bay garage/storage room would increase CAP Rate to 9.24%.
Data Room Click Here to Access
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
12,060 SF
Building Class
C
Year Built/Renovated
1950/2021
Price
$449,900
Price Per SF
$37.31
Cap Rate
8.44%
NOI
$37,966
Percent Leased
75%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.44
Lot Size
0.63 AC
Zoning
B-2 - Commercial
Parking
16 Spaces (1.33 Spaces per 1,000 SF Leased)
Frontage
136’ on S 12th Street
Amenities
- Signage
- Wheelchair Accessible
- Storage Space
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 005-0-0019-00003 | Total Assessment | $500,000 |
| Land Assessment | $0 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 | Tax Year | 2025 |
Property Taxes
Parcel Number
005-0-0019-00003
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$500,000
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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512 S 12th St
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