Commercial Property Investment
For Sale
Contact for pricing
Pending
512 S 12th St, Murray, KY 42071
Commercial property in high-traffic area with tenant and storage.
Property Size12,060 SF
Days on Market912
Property Features for 512 S 12th St
General Information
Standard status
Pending
Size
12,060 SF
Total Parking Spaces
16
Property subtype
Industrial, Retail
Zoning
B-2
Occupancy
75%
Lease Type
Gross
Building Details
Buildings
1
Stories
1
Tenancy
Multi
Listing Agency:
Atlas Real Estate & Auction Services
Listed By:
Brian Settle · License #KY 286112
(931) 257-0485
Source:
Crexi
Added: Mar 6, 2024
Changed: Aug 8
Last Checked: Jul 25 at 12:19PM
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 Atlas Real Estate & Auction Services
Investment Insights
Based on property information with market context.
This commercial property presents an investment opportunity in a high-traffic area on Murray's south side. The location is surrounded by various commercial businesses, including retail, lodging, and restaurants. The property includes tenant-occupied space, with the current tenant renting 9000 square feet of space through January 1, 2029. Additionally, there is a 2-bay garage on the south side of the structure, currently used for storage. A new roof was installed in 2021. Three-phase electric power is available. A shared drive easement exists with the neighboring carwash. The current tenant has entered into a new 3-year gross lease term at $3,700 per month, beginning January 1, 2026. With potential additional rental income of $300 per month from the 2-bay storage garage, this property offers an 8.44% CAP Rate beginning in January 2026. The property size is 12060 square feet.
Key Highlights
- 8.44% CAP Rate beginning January 2026.
- Prime location on Murray's South Side in a high‑traffic commercial area.
- Current tenant in place through 1/1/2029, with a new 3‑year lease at $3,700/month starting 01/01/2026.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
675
Businesses Nearby
Explore this area
Business Placement
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 Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail property - Commercial property in high-traffic area with tenant and storage.
Where is this retail property located?
The property is located at 512 S 12th St Murray, KY.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 8.44% CAP Rate beginning January 2026.; Prime location on Murray's South Side in a high‑traffic commercial area.; Current tenant in place through 1/1/2029, with a new 3‑year lease at $3,700/month starting 01/01/2026.
