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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
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512 S 12th St
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