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Multi-Tenant Retail Center
New
For Lease
$2,900/Mo

G-1304 Chestnut Street, Murray, KY 42071

Open-plan suites with high ceilings and large windows support flexible retail or office layouts.

Space SizeContact for details
Days on Market5

Property Features for G-1304 Chestnut Street

General Information

Standard status Active

Additional Details

Space Use Retail or Office

Amenities

High ceilings
Large windows with abundant natural light
Open floor plan

Building Details

Construction brick
Tenancy Multi
Listing Agency: Stedelin Real Estate LLC
Listed By: Brian Stedelin · License #216638
Source: Exprealty
Added: Sep 28 Changed: Sep 30 Last Checked: Oct 1 at 12:23PM

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 Stedelin Real Estate LLC

Investment Insights

Based on property information with market context.

University Shops is a brick, multi-tenant retail center with suites suited to retail or office use. Interior features include high ceilings, expansive windows that bring in natural light, and open layouts that can be reconfigured for business needs. The tenant mix includes national and local businesses.

The property is adjacent to Murray State University and sits in the US 641/12th Street corridor at G-1304 Chestnut Street in Murray, Kentucky.

Key Highlights

  • Brick multi‑tenant strip center
  • Retail or office suite use
  • High ceilings and large windows

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick HVAC Service Parking Lot & Garage Electrical Service Grocery & Convenience Store Kitchen & Bath Showroom (Bike/Boat/Book/etc) 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.

Lease Details

Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

414
Businesses Nearby

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

Lease Benchmarks for Murray, KY

$15.94 /SF/Yr
Avg Asking Price
$2.09–$32 /SF/Yr
Price Range
12,600 SF
Avg Space Size

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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Frequently Asked Questions

What type of property is this?
Retail space - Open-plan suites with high ceilings and large windows support flexible retail or office layouts.
Where is this retail space located?
The property is located at G-1304 Chestnut Street Murray, KY.
What is the lease rate?
The lease rate is $2,900/Mo.
What are key features of this property?
This property features: Brick multi‑tenant strip center; Retail or office suite use; High ceilings and large windows
More about this property
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