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Specialty Property with Chapel Use
New
For Sale
$175,000

420 E Water Street, Mayfield, KY 42066

Commercial Sale, Mayfield, KY

Property Size2,916 SF
Lot Size0.23 Acres
Price / SF$60.01
Days on Market3

Property Features for 420 E Water Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning R-2
Parking features On Street
Directions From the new courthouse, take E Broadway--right on S 2nd St--property at the corner of 2nd & E Water St
Subdivision 118 - Graves County
Standard status Active
APN 206.00.19.001.00
Size 2,916 SF
Lot size 0.23 Acres

Utilities

Sewer type Public Sewer
Heating system Natural Gas
Cooling system Central Air

Building Details

Year built 1980
Floors in Building 1
Building materials Brick
Roof type Composition
Listing Agency: Westwind Real Estate & Development
Listed By: John Tidwell · License #246133
Added: Oct 9 Changed: Oct 10 Last Checked: Oct 11 at 3:06AM
MLS# 26028052

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.

At 420 E Water Street, this 2,916-square-foot brick building is currently used as a memorial chapel, and most of its equipment remains. Built in 1980, the property has central air, natural gas heating, a composition roof, and public sewer service. The parcel encompasses 0.23 acres, with on-street parking available.

The property is in Mayfield, close to downtown. Its zoning designation is R-2.

Key Highlights

  • Currently operating as a memorial chapel; most equipment remains with the building
  • 2,916 square feet on a 0.23‑acre parcel
  • Zoned R‑2

Property Analytics

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Current Use

Mason's Memorial Chapel Social Service Agency

Suggested Use

Top Pick Electrical Service Real Estate Agency Bakery Grocery & Convenience Store Auto Parts Store Furniture & Home Goods

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

512
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions

What type of property is this?
Specialty property - The 2,916-square-foot building includes equipment and has R-2 zoning.
Where is this specialty property located?
The property is located at 420 E Water Street Mayfield, KY.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Currently operating as a memorial chapel; most equipment remains with the building; 2,916 square feet on a 0.23‑acre parcel; Zoned R‑2
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