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Multi-Tenant Retail Center
For Lease
$1,700/Mo

L-1304 Chestnut Street, Murray, KY 42071

Open interiors, tall ceilings, and expansive windows offer adaptable retail or office space.

Space SizeContact for details
Days on Market16

Property Features for L-1304 Chestnut Street

General Information

Standard status Active

Site & Location

Highway Access Yes
Road Access Yes

Building Details

Construction brick
Tenancy Multi
Listing Agency: Stedelin Real Estate LLC
Listed By: Brian Stedelin · License #216638
Source: Exprealty
Added: Sep 28 Changed: Oct 12 Last Checked: Oct 12 at 8:23PM

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 in Murray, Kentucky, with space suited to retail or office use. The units have open floor plans that can be modified, along with high ceilings and large windows that bring in natural light.

The center sits in the US 641/12th Street corridor next to Murray State University. Its tenant mix includes national and local businesses.

Key Highlights

  • Brick construction with multiple tenant spaces
  • Retail or office use
  • High ceilings and large windows

Property Analytics

Current Use

Strip malls

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
Yes
Highway access
Yes
Paved road access
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

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
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Strip mall - Open interiors, tall ceilings, and expansive windows offer adaptable retail or office space.
Where is this strip mall located?
The property is located at L-1304 Chestnut Street Murray, KY.
What is the lease rate?
The lease rate is $1,700/Mo.
What are key features of this property?
This property features: Brick construction with multiple tenant spaces; Retail or office use; High ceilings and large windows
More about this property
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