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    100 Lochridge Mayfield, KY 42066

    For Sale
    $209,000

    Versatile Commercial Space, Excellent Condition

    Property size:
    5,500 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This 5,500 square foot commercial building, located at 100 E Lochridge in Mayfield, KY, presents a fantastic investment opportunity. Ideally situated with high visibility from the N 7th Street Overpass, this property is zoned B-1 and offers ample parking in the front, side, and rear. The building is exceptionally well-maintained, boasting numerous recent upgrades including three brand-new heating and air conditioning units (installed in 2022), a new rubber roof (2022), and fully encapsulated tile floors (2022). Further enhancements completed in 2022 include fresh paint throughout, replacement of the cove base, new carpeting, and new ceiling tiles. A new water heater was also installed in 2022. The building's versatility makes it suitable for a variety of uses, including medical offices, general business offices, or as an investment property. The property is available for sale at $209,000 and is also adaptable for lease arrangements, with the possibility of splitting the space to accommodate multiple tenants. This turnkey property offers immediate occupancy and significant potential for return on investment. Don't miss this chance to acquire a meticulously maintained commercial building in a desirable Mayfield location.

    Property Features for 100 Lochridge

    General Information

    Property type
    Other commercial real estate
    Square Feet
    5,500 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Auto Repair Shop Kitchen & Bath HVAC Service Plumbing Service Pet Supply Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Mayfield
    County
    Graves
    State
    Kentucky
    Longitude
    -88.63625
    Latitude
    36.74846

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    FAQs

    What type of property is this?
    Commercial real estate - Versatile Commercial Space, Excellent Condition
    Where is this commercial real estate located?
    The property is located at 100 Lochridge Mayfield, KY.
    What is the asking price?
    The asking price for this property is $209,000.
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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
    100 Lochridge Mayfield, KY 42066
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