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Commercial Live-Work Property

304 W Walnut Street Mayfield, KY 42066

304 W Walnut Street, Mayfield, KY, 42066
$874,000
For Sale
$874,000

COMMERCIAL - Mayfield, KY

Property Size2,000 SF
Lot Size0.13 Acres
Price / SF$437
Days on Market153

Property Features for 304 W Walnut Street

General Information

Property type
Commercial Sale
Property subtype
Other
Zoning
R-1
Parking
15
Standard status
Active
APN
205.00.14.009.00
Size
2,000 SF
Lot size
0.13 Acres

Utilities

Heating system
Natural Gas, Forced Air
Cooling system
Central Air

Building Details

Year built
1940
Building materials
Aluminum Siding
Roof type
Metal
Listing agency Musgrave Realty, LLC
Listed by Kim Musgrave · License #271690
Added: Feb 19 Updated: Jul 14 at 10:14AM Checked: Jul 22 at 10:06AM
MLS# 26016956

Copyright © 2026 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This commercial live-work property was fully remodeled in 2022 and features custom tongue-and-groove woodwork, decorative metal ceilings, whole-house water filtration, a new roof, updated siding, and new flooring. The main building at 304 W. Walnut includes 3 bedrooms and 2.5 baths, along with a spacious office area.

A second building at 306 W. Walnut includes approximately 3,600 square feet across a lower level, upper level, and a side addition, plus 1 bathroom. It has two overhead doors with a mechanic’s area and a wash bay, along with open loft living space and a loft with a mini-split unit. The property also includes two additional gravel parking lots, including a 55 by 120 gravel lot at 314 W. Walnut with no structures, and a separate approximately 2,000-square-foot concrete pad at 413 Linden Dr intended to fit 50 to 70 cars, with an electrical pole.

Zoned R-1, the property is described as a high-visibility location at a 3-way stop, with increased traffic during Court Square events.

Key Highlights

  • Commercial/live‑work property with 2022 full remodel, including new roof, siding, and flooring
  • Main building (304 W. Walnut): 3 bed, 2.5 bath plus spacious office area
  • 306 W. Walnut: approx. 3,600 SF with ~1,200 SF lower level, ~1,200 SF upper level, and ~1,200 SF side addition; includes 1 bath

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Live-work space

Suggested Use

Real Estate Agency Building Supply Electrical Service Big Box & Wholesale Store Furniture & Home Goods Bakery Auto Parts Store Spa & Massage Center Law Firm Skin Care Clinic

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

FAQs

What type of property is this?
Live-work space - 2022 remodeled live-work building with office area, overhead doors, and wash bay plus adjacent gravel parking for expansion.
Where is this live-work space located?
The property is located at 304 W Walnut Street Mayfield, KY.
What is the asking price?
The asking price for this property is $874,000.
What are key features of this property?
This property features: Commercial/live‑work property with 2022 full remodel, including new roof, siding, and flooring; Main building (304 W. Walnut): 3 bed, 2.5 bath plus spacious office area; 306 W. Walnut: approx. 3,600 SF with ~1,200 SF lower level, ~1,200 SF upper level, and ~1,200 SF side addition; includes 1 bath
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More about this property
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