512 S 12th St, Murray, KY 42071 For Sale

Don't Miss Out On This Excellent Investment Opportunity to Own Commercial Property in a Prime Location on Murray's South Side. Located in a High Traffic Area of the City and Surrounded by Numerous Other Commercial Businesses Including Retail, Lodging & Restaurants. In Addition to Current Tenant Occupied Space (Through 1/1/29) the Property Also Includes a 2-bay Garage Located on the South Side of the Structure Currently Used for Storage by Seller and an Additional Single-Bay Garage with Storage Room. The 2-Bay Garage is Currently Being Cleared Out to Place Another Tenant and Bring an Additional $400 per Month. The Single-Bay Garage and Storage Room Could Add an Additional $200 Per Month. Current tenant rents 9000/sqft of space. New Roof Installed in 2021. Three-phase Electric Power Available. Shared Drive Easement with Neighboring Carwash. **UPDATE** Current tenant has entered into a new 3-year (gross lease) term at $3,700/month. With additional rental income possible for 2-bay storage garage of $400/month, this property could offer an 9.22% CAP Rate. Adding a tenant at $200/month to the single-bay garage/storage room would increase CAP Rate to 9.78%.