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4-Unit Shopping Center
For Sale
$1,199,000

808 Chestnut St, Murray, KY 42071

The tenant mix includes a restaurant and three retail spaces, with one lease on a month-to-month basis.

Property Size11,922 SF
Price / SF$100.57
Days on Market207

Property Features for 808 Chestnut St

General Information

Standard status Active
Size 11,922 SF
Property subtype Commercial
Listing Agency: Elite Realty
Listed By: Lindy Knight · License #208090
Source: Centralkentuckyhouses
Added: Mar 16 Changed: Oct 1 Last Checked: Oct 7 at 12:44PM

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 Elite Realty

Investment Insights

Based on property information with market context.

This 11,922-square-foot shopping center occupies 1.38 acres and contains four units: a restaurant and three retail spaces. The property is fully leased, with one tenant on a month-to-month lease.

At 808 Chestnut St in Murray, the center sits in a commercial district with shops and dining destinations nearby. Murray State University is a few minutes away.

Key Highlights

  • Four units: one restaurant and three retail spaces
  • 11,922 square feet on 1.38 acres
  • Fully leased; one lease is month‑to‑month

Property Analytics

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Current Use

Aquatic Life & Exotics (Bike/Boat/Book/etc) Store Southern Soul Boutique Clothing & Fashion Store Enchanted Gaming Emporium Electronics & Wireless Store The Crossroads Restaurant

Suggested Use

Top Pick Dental Office HVAC Service (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom Carpet & Flooring Store 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

815
Businesses Nearby
349k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Dining 51% Apparel 18% Shops & Services 13% Home Improvements & Furnishings 11%
Marshalls Apparel
36,406 visits/mo 0.4 miles
Cook Out Dining
24,690 visits/mo 0.5 miles
Cracker Barrel Old Country Store Dining
21,330 visits/mo 0.4 miles
Five Below Shops & Services
19,769 visits/mo 0.3 miles
Dollar General Shops & Services
15,305 visits/mo 0.3 miles

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
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Similar Off Market Nearby

  • Coinstar Kiosk | Bitcoin ATM — Kroger - Delta, 808 N 12th St, Murray, KY 42071
  • Chestnut Hills — 720 N 12th St, Murray, KY 42071

Frequently Asked Questions

What type of property is this?
Shopping center - The tenant mix includes a restaurant and three retail spaces, with one lease on a month-to-month basis.
Where is this shopping center located?
The property is located at 808 Chestnut St Murray, KY.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Four units: one restaurant and three retail spaces; 11,922 square feet on 1.38 acres; Fully leased; one lease is month‑to‑month
More about this property
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