Property profile

117 4th St Murray, KY 42071

OFF-MARKET
Retail space
Property ID
US34-0935454
3,344 SF
Entity Owned 4-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Total area 3,344 SF
APN 010-0-0010-00011
UPID US34-0935454

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Discount Store (Bike/Boat/Book/etc) Store

Location

117 4th St Murray, KY 42071-2507
Murray metro Census 10500 MURRAY, KY MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$155k

Owner & transaction history

since 2022
1 recorded transaction
2022
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 117 4th St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message