Commercial Live-Work
For Sale
$874,000
304 W Walnut Street, Mayfield, KY 42066
COMMERCIAL - Mayfield, KY
Property Size2,000 SF
Lot Size0.13 Acres
Price / SF$437
Days on Market188
Property Features for 304 W Walnut Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R-1
Parking
15
Subdivision
Commercial
Directions
From the North on I-69, take exit 22 turn towards Mayfield. At the first red light turn right, go to 2nd stop sign, the car lot is on the right.
Standard status
Active
APN
205.00.14.009.00
Size
2,000 SF
Lot size
0.13 Acres
Utilities
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Building Details
Year built
1940
Building materials
Aluminum Siding
Roof type
Metal
Listing Agency:
Musgrave Realty, LLC
(270) 366-1770
Listed By:
Kim Musgrave · License #271690
(270) 366-1770
Added: Feb 19
Changed: Aug 10
Last Checked: Aug 26 at 1:06AM
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.
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
Current Use
Location Intelligence
Trade Area within ½ mile
567
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
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
