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Prime Redevelopment Opportunity in Murray
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117 S 12th St, Murray, KY 42071

Corner lot suitable for redevelopment or repurposing in Murray, KY.

Property Size1,288 SF
Lot Size0.32 Acres
Price / SF$271.74
Days on Market177

Property Features for 117 S 12th St

General Information

Standard status Active
Size 1,288 SF
Lot size 0.32 Acres
Property subtype Retail
Zoning B-4
Listing Agency: Kopperud Realty
Listed By: John Kopperud · License #210645
Source: Crexi
Added: Feb 16 Changed: Aug 8 Last Checked: Aug 8 at 2:44PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kopperud Realty

Investment Insights

Based on property information with market context.

This property presents a prime redevelopment opportunity situated on the primary commercial thoroughfare in Murray. Located on a corner lot at 117 S 12th St, it offers high visibility and accessibility from both 12th St and Poplar St. The existing building measures approximately 1,288 square feet and occupies a 0.32-acre corner lot. The property is zoned B-2 Highway Business District, permitting a wide array of uses, including restaurants with drive-throughs, retail establishments, professional office spaces, medical or dental offices, and beauty shops. All city utilities are available to the site. The existing building could be repurposed, or the lot could be redeveloped to suit a new purpose. This location is suitable for establishing or relocating a business in the heart of Murray.

Key Highlights

  • Prime re‑development opportunity on a corner lot.
  • Located on the primary commercial thoroughfare (12th St) with high visibility and access.
  • Zoned B‑2 Highway Business District, allowing for a wide range of permitted uses.

Property Analytics

Current Use

Mi Pueblo Restaurant

Suggested Use

Top Pick Carpet & Flooring Store Locksmith (Bike/Boat/Book/etc) Store HVAC Service Food Market 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.

Location Intelligence

Trade Area within ½ mile

840
Businesses Nearby

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

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Frequently Asked Questions

What type of property is this?
Commercial land - Corner lot suitable for redevelopment or repurposing in Murray, KY.
Where is this commercial land located?
The property is located at 117 S 12th St Murray, KY.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Prime re‑development opportunity on a corner lot.; Located on the primary commercial thoroughfare (12th St) with **high visibility and access**.; Zoned B‑2 Highway Business District, allowing for a wide range of permitted uses.
(270) 293-3474 Call to check price and availability
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