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    201 N 12Th St Murray, KY 42071

    For Lease
    $2,800 /Mo

    Commercial, 1 Story - Murray, KY

    Days on Market:
    183
    Last Refresh:
    Dec 11 at 10:06 am

    Property Features for 201 N 12Th St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active

    Building Details

    Floors in Building
    1
    Building materials
    Brick
    Architectural style
    Other

    Keller Williams Experience Realty (270) 753-1492 [email protected], [email protected]

    Listing agent Carrie Armstrong (270) 753-1492 License #218287

    Listing date Jun 12, 2025

    MLS# 132302 Listing URL

    Copyright © 2025 Western Kentucky Regional MLS Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Space in Olive Plaza

    Located at the corner of Olive and 12th Street, this retail space is situated in Olive Plaza, offering great visibility between Murray Donuts and Cold Stone Creamery. The space features 1800 square feet currently divided into two rooms, with a product display area in the front and an office/storage area in the back. The space can be reconfigured to meet tenants' needs. Olive Plaza provides 32 parking spaces. The landlord maintains the building, HVAC, and pays the water bill. The tenant is responsible for interior changes and pays for electricity. The property is zoned B4.
    Property Profile Location Intelligence

    Current Use by Public Records

    Planet Smoothie Juice Shop Cold Stone Creamery Ice Cream Shop Murray Donuts Donut Shop Cricket Wireless Authorized ... Cell Phone Store

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Murray
    County
    Calloway
    State
    Kentucky
    Longitude
    -88.315147
    Latitude
    36.60562

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    FAQs

    What type of property is this?
    Retail space - Retail space with great visibility in a prime location.
    Where is this retail space located?
    The property is located at 201 N 12Th St Murray, KY.
    What are key features of this property?
    This property features: - High-visibility location at the corner of Olive and 12th Street.; - Located in Olive Plaza, between Murray Donuts and Cold Stone Creamery.; - **1800 square feet of space that can be reconfigured.**
    (270) 753-1492
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    Murray, KY 42071
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    201 N 12Th St Murray, KY 42071
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