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Remodeled Live-Work Property
For Sale
$874,000

304 W Walnut St, Mayfield, KY 42066

Multiple buildings combine residential, office, loft, mechanic, and wash-bay areas.

Property Size2,000 SF
Price / SF$437
Days on Market64

Property Features for 304 W Walnut St

General Information

Standard status Active
Size 2,000 SF
Property subtype Commercial

Additional Details

Drive-In Doors 2
Car Wash Bays 1

Amenities

custom tongue-and-groove woodwork
decorative metal ceilings
whole-house water filtration
new roof
new siding
new flooring
overhead doors
open loft living space
open ceilings
mini-split unit
concrete pad
electrical pole

Building Details

Year Built 1940
Year Renovated 2022
Buildings 2
Listing Agency: Musgrave Realty, LLC
Listed By: Kim Musgrave · License #271690
Source: Centralkyhomesforsale
Added: Jun 28 Changed: Aug 29 Last Checked: Aug 25 at 6:01AM

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 Musgrave Realty, LLC

Investment Insights

Based on property information with market context.

This live-work property includes three separate parcels and multiple functional buildings. The main building at 304 W. Walnut St. offers three bedrooms, 2.5 bathrooms, and a substantial office area. The 2022 remodel added a new roof, siding, flooring, decorative metal ceilings, custom tongue-and-groove woodwork, and whole-house water filtration.

At 306 W. Walnut St., approximately 3,600 square feet is arranged across a roughly 1,200-square-foot lower level, upper level, and side addition. The building includes one bathroom, two overhead doors, a mechanic’s area, a wash bay, open loft living space with open ceilings, and a mini-split unit. Two additional gravel lots provide expansion or development areas: 314 W. Walnut St. is a 55-by-120-foot lot, while 413 Linden Dr. includes an approximately 2,000-square-foot concrete pad with capacity for 50–70 cars and an electrical pole.

The property sits at a three-way stop, with increased traffic during Court Square events.

Key Highlights

  • 2022 full remodel with new roof, siding, flooring, decorative metal ceilings, and custom woodwork
  • 304 W. Walnut St. includes 3 bedrooms, 2.5 baths, and a spacious office area
  • 306 W. Walnut St. contains approximately 3,600 square feet across three roughly 1,200‑square‑foot areas

Property Analytics

Current Use

Live-work space

Suggested Use

Top Pick Real Estate Agency Building Supply Electrical Service Big Box & Wholesale Store Furniture & Home Goods Bakery

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

2
Drive-in doors

Location Intelligence

Trade Area within ½ mile

562
Businesses Nearby

Demographics for 42066, KY

23,081
Population
10,793
Households
2.1
Avg Household Size
40
Median Age
18%
College-Educated
89%
High-School Grad
217.3 sq mi
ZIP Area
106
Density / Sq Mi
$48,118
Median Household Income
$34,853
Median Earnings
$695
Median Rent
$135,100
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?
Live-work space - Multiple buildings combine residential, office, loft, mechanic, and wash-bay areas.
Where is this live-work space located?
The property is located at 304 W Walnut St 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: 2022 full remodel with new roof, siding, flooring, decorative metal ceilings, and custom woodwork; 304 W. Walnut St. includes 3 bedrooms, 2.5 baths, and a spacious office area; 306 W. Walnut St. contains approximately 3,600 square feet across three roughly 1,200‑square‑foot areas
More about this property
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