117 4th St Murray, KY 42071-2507
This exceptional 5,016 square foot commercial property, situated on Murray's iconic Court Square directly across from the courthouse, presents a unique investment opportunity. The building's timeless charm is complemented by its prime location, ensuring high visibility and foot traffic. Currently configured with a ground floor retail space, the property offers significant expansion potential. The second floor, encompassing 1,672 square feet, is unfinished and presents an ideal opportunity for conversion into a residential apartment or additional commercial space, effectively doubling the income potential. A full basement, also measuring 1,672 square feet, provides ample storage or further development possibilities. The property benefits from a newer roof, installed in 2015, and recently installed basement supports, ensuring structural integrity. This rare combination of historic character, prime location, and substantial space makes this property an exceptional investment opportunity for discerning buyers seeking a foothold in the vibrant Murray, Kentucky market. The building's versatility allows for a wide range of uses, making it an attractive prospect for both established businesses and entrepreneurs alike. Don't miss this chance to own a piece of Murray's rich history and thriving commercial landscape.
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Yours Mine & Ours Shop Discount Store (Bike/Boat/Book/etc) Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.