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507 12th St Murray, KY 42071-1652

OFF-MARKET Drive through restaurants Google Maps
2,116 SF 1.31 ac lot
Entity Owned 12-yr Hold Absentee Owner Free & Clear
Estimated value
No estimation on file for this property yet.
Property ID US34-1787008

Property summary

AI-generated overview

This 1,600 square foot commercial property in Murray, Kentucky, presents a unique investment opportunity. Situated just minutes from Murray State University, with its 10,000+ student population, this high-visibility location boasts exceptional foot and vehicle traffic. The property comprises two buildings on a sizable lot, previously utilized as a body shop and storage facility. This versatile space offers ample room for a diverse range of commercial ventures. The existing structures provide a solid foundation for a variety of uses, including, but not limited to, another body shop, tire shop, or repair center. However, the property's adaptability extends beyond these traditional uses

Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Total area 2,116 SF
Lot 1.31 ac (57,064 SF)
APN 041-0-0094
UPID US34-1787008

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
  • Bank Loan Service

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2014
1 recorded transaction
2014
$950,000

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
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