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21963688
21963697

900 S Commonwealth Dr, Mayfield, KY 42066

KM
KY 244632
Trifecta Real Estate
Listed by Trifecta Real Estate
$1,175,000
489 days on market
Updated 66 days ago

Multi-purpose Commercial Office Building

Details
APN 106.00.00.053.02
Property Type Mixed Use, Office
Sub Type Executive Office, Medical Office (+1)
Square Footage 7,776
Net Rentable (SqFt) 7,776
Units 1
Cap Rate 7.48%
NOI $87,903
Occupancy 100%
Tenancy Single
Brand/Tenant City of Mayfield
Lease Type Absolute NNN
Lease Term 0.7
Lease Expiration 06/01/2026
Lease Options 0
Price per SqFt $151
Broker Co-Op Yes
Class A
Year Built 2005
Buildings 2
Stories 1
Acreage 1.900
Zoning B-1
Parking Spaces 41 spaces
Parking Per SqFt 5.27
Investment Type Owner/User
Lease Commencement 09/01/2025
Occupancy Date 09/01/2025
Ground Lease No
Ownership FS/Leasehold

Office/Warehouse Building in front of 15,000 VPD

Marketing description

900 S Commonwealth Dr is a multi-purpose commercial property offering approximately 7,776 square feet of combined office and warehouse space in Mayfield, KY. This facility features 3,596 square feet of professional office space, ideal for administrative offices, professional services, or customer-facing operations, along with 4,180 square feet of warehouse space with high ceilings, roll-up doors, and flexible open space suitable for storage, logistics, or light industrial use. The site is at the corner of South Castlemen Bypass and Douthitt St and sees approximately 17,597 vehicles daily.

The property has been repriced to $1,175,000, a meaningful reduction that positions the asset below prior market and opens the door to owner-users, investors, and lease prospects alike. The current tenant, the City of Mayfield Police Department, is vacating on June 1, 2026, delivering the building clean and available for immediate use or re-tenanting. The seller is also open to a long-term lease at $87,903/yr NNN — roughly $11.30/SF — offering flexibility rarely available on fully-improved, highway-adjacent flex space in this submarket.

This is an opportunity to acquire or lease a turn-key office/warehouse facility in one of Mayfield's highest-traffic commercial corridors. Owner-users gain immediate occupancy of a purpose-built facility with no lease buyout or transition risk. Investors can re-lease at market or hold for redevelopment. Tenants looking for move-in-ready flex space with prominent visibility on S. Castlemen Bypass will find few comparable options in the Graves County market.

Listing Contacts

KM
KY 244632
Trifecta Real Estate
Listed by Trifecta Real Estate

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$87,903.00
$7,325.25/mo

Valuation Metrics

0
DSCR
7.48%
Cap Rate
7.48%
ROI

Map

Zoning

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B-1 CommercialSpecial CommercialHighway Commercial District
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Last updated Apr 2, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Keanu Murphy
License
244632
Brokerage
Trifecta Real Estate
Brokerage Phone
270-247-2734
Title
Partner
Brokerage Address
935 Paris Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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