506 S 12TH, Murray, KY 42071
$1,950,000
Property Type:
Commercial Sale
Square Footage:
16,280
Status:
Closed
Current Price:
$1,950,000
List Date:
3/29/2023
Last Modified:
7/31/2026
Overview
Description
Listing Details MLS# W121354
Status Change Information
- Status Change Timestamp
- 2023-08-02
- Purchase Contract Date
- 2023-06-22
- Close Date
- 2023-08-02
- Close Price
- 1950000
- Buyer Financing
- Conventional
Address
- County
- Calloway
- Street Number
- 506
- Street Direction Prefix
- S
- Street Name
- 12TH
- State
- KY
- Zip Code
- 42071
Contract
- Original List Price
- 2400000
- Listing Contract Date
- 2023-03-29
- Owner Name
- HELIAN A. CORNWELL & PAUL EUGENE CORNWELL
- SP/LP
- 0.81
Interior
- Living Area
- 16280
- Building Area Source
- Public Records
Building
- Basement YN
- No
- Stories Total
- 2
- Accessibility Features YN
- Yes
Lot
- Lot Size Dimensions
- 270X288
- Road Frontage Feet
- 270
More Information
Remarks
- Public Remarks
- THIS 39-UNIT MOTEL HAS BEEN METICULOUSLY MAINTAINED AND CARED FOR. IT OFFERS A MIX OF KING, QUEEN, AND 2 DOUBLE BED UNITS AND 4 OWNERS SUITS.. A NEW WATER HEATER WAS INSTALLED TO SUPPLY UNLIMITED HOT WATER TO ALL UNITS. TAMCO 60-YEAR COMMERCIAL METAL ROOF THAT LOOKS LIKE CEDAR SHAKE WITH NO EXPOSED FASTENERS. THE MOTEL SITS ON 1.6 ACRES AND BRINGS IN STRONG REVENUE. ALL UNITS ARE ARE SUPER CLEAN WITH FRESH PAINT AND CARPET. THE OFFICE OFFERS A NICE RECEPTION AREA ALONG WITH A BIG ROOM FOR BREAKFAST AND FULL KITCHEN. THERE IS A NICE SIZED MANAGERS QUARTERS AND AN EXTRA FULL BATH. A STORAGE BUILDING IS ON SITE FOR TOOLS. A MAINTENANCE WORK SHOP AND LAUNDRY ROOM WITH NEW COMMERCIAL WASHER-DRYER UNITS.
Property Features
Business Type:
Commercial; Other
Possession:
Close Of Escrow
Roof:
Metal
Water Heater:
Gas
Listing Office:
LP Real Estate Services LLC
Last Updated: July - 31 - 2026
Information deemed reliable but not guaranteed.