512 S 12th St Murray, KY 42071

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Listed by Brian Settle · License #KY 286112

Source Crexi

Added: Mar 6, 2024 Checked: Jul 19 at 5:46 am

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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

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FAQs

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.