Property summary
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
VerifiedCap rate & NOI
Current use
-
Discount Store (Bike/Boat/Book/etc) Store
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- 30 reports a month
- Location Analytics
- Market Trends
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- 300 reports a month
- Location Analytics
- Market Trends
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
and get 1 Light Report
- Property Information
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Potential
- Location Insight
- Alternative use
- Local Zoning Insight