Log In/Sign Up
Your email has been sent.
512 S 12th St 12,060 SF 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 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 01/01/2022. **UPDATE** Current tenant has entered into a new 3-year lease term at $3,700/month beginning 01/01/2026. With additional rental income possible for 2-bay storage garage of at least $300/month, this property will offer an 8.44% CAP Rate beginning January 20206.
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
Freestanding
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
Tenancy
Single
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
- Storage Space
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
1 of 13
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
512 S 12th St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.