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)
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 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.
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 |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
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
Tenancy
Single
Building Height
1 Story
Building FAR
0.44
Lot Size
0.63 AC
Zoning
B-2 - Commercial
Frontage
136’ on S 12th Street
AMENITIES
- Storage Space
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 005-0-0019-00003 | Improvements Assessment | $0 (2024) |
| Land Assessment | $0 (2024) | Total Assessment | $500,000 (2024) |
PROPERTY TAXES
Parcel Number
005-0-0019-00003
Land Assessment
$0 (2024)
Improvements Assessment
$0 (2024)
Total Assessment
$500,000 (2024)
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.