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Four-Unit Shopping Center
For Sale
$1,199,000

808 Chestnut Street, Murray, KY 42071

Commercial Sale, Murray, KY

Property Size11,922 SF
Lot Size0.49 Acres
Price / SF$100.57
Days on Market191

Property Features for 808 Chestnut Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning description B-2 Highway Business District
Parking 51
Parking features Open
Subdivision Commercial
Directions From intersection of 12th St. and Chestnut,travel East on Chestnut, property on left.
Standard status Active
APN T2500494847
Size 11,922 SF
Lot size 0.49 Acres

Utilities

Utilities Water Available
Sewer type Public Sewer
Heating system Natural Gas
Cooling system Multi Units, Central Air, Electric

Building Details

Floors in Building 1
Building materials Block, Brick
Roof type Flat, Rubber, Tar/Gravel, Metal
Listing Agency: Elite Realty
Listed By: Lindy Knight · License #208090
Added: Mar 20 Changed: Sep 17 Last Checked: Sep 26 at 3:06PM
MLS# 26014663

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 11922-square-foot shopping center at 808 Chestnut Street comprises four units: one restaurant and three retail spaces. The property is fully leased, with one month-to-month lease among the occupancy arrangements. Construction includes block and brick materials, while building systems include natural-gas heating, electric cooling, multi-unit equipment, and central air. Open parking serves the center.

The property is located in Murray, Kentucky, within a commercial district that includes shops and dining destinations. Murray State University is a short distance away, providing an established nearby institutional presence. The site has water available and public sewer service. Roofing components include tar/gravel, rubber, flat, and metal systems.

Key Highlights

  • 11922‑square‑foot shopping center with 4 total units
  • Tenant mix includes 1 restaurant and 3 retail spaces
  • Fully leased, including 1 month‑to‑month lease

Property Analytics

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Current Use

Aquatic Life & Exotics (Bike/Boat/Book/etc) Store Southern Soul Boutique Clothing & Fashion Store Enchanted Gaming Emporium Electronics & Wireless Store The Crossroads Restaurant

Suggested Use

Top Pick Dental Office HVAC Service (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom Carpet & Flooring Store Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

815
Businesses Nearby
349k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Dining 51% Apparel 18% Shops & Services 13% Home Improvements & Furnishings 11%
Marshalls Apparel
36,406 visits/mo 0.4 miles
Cook Out Dining
24,690 visits/mo 0.5 miles
Cracker Barrel Old Country Store Dining
21,330 visits/mo 0.4 miles
Five Below Shops & Services
19,769 visits/mo 0.3 miles
Dollar General Shops & Services
15,305 visits/mo 0.3 miles

Demographics for 42071, KY

29,703
Population
14,174
Households
2.1
Avg Household Size
35
Median Age
35%
College-Educated
92%
High-School Grad
209.0 sq mi
ZIP Area
142
Density / Sq Mi
$48,976
Median Household Income
$29,805
Median Earnings
$841
Median Rent
$188,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
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Similar Off Market Nearby

  • Coinstar Kiosk | Bitcoin ATM — Kroger - Delta, 808 N 12th St, Murray, KY 42071
  • Chestnut Hills — 720 N 12th St, Murray, KY 42071

Frequently Asked Questions

What type of property is this?
Shopping center - Fully leased center combining restaurant and retail space with open parking and central utilities.
Where is this shopping center located?
The property is located at 808 Chestnut Street Murray, KY.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: 11922‑square‑foot shopping center with 4 total units; Tenant mix includes 1 restaurant and 3 retail spaces; Fully leased, including 1 month‑to‑month lease
More about this property
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