304 W Walnut Street, Mayfield, KY 42066

$874,000
Property Type: Commercial Sale Square Footage: 5,600 Lot Size (sq. ft.): 5,698 Status: Active
Current Price: $874,000 List Date: 7/09/2026 Last Modified: 7/14/2026

Overview

Description

One-of-a-kind commercial/live-work property with a 2022 full remodel. Custom tongue-and-groove woodwork, decorative metal ceilings, whole-house water filtration, new roof, siding & flooring. Includes two additional gravel parking lots for expansion or development. Prime high-visibility location at a 3-way stop with increased traffic during Court Square events. Ideal for business, live/work, or future apartments. Main building, 304 W. Walnut, has 3 bed and 2.5 baths, plus spacious office area. 306 W Walnut: ~ 3600 Sq Ft: ~1200 lower level, ~1200 upper level, ~1200 side addition. This building includes 1 bath. Two overhead doors with a mechanic's area and a wash bay. Open loft living space with open ceilings. Loft has a mini-split unit. 314 W Walnut: 55x120 gravel parking lot, no structures. 413 Linden Dr: has approx. 2,000 sq ft concrete pad to fit 50 - 70 cars, no structures. Has electrical pole.

Listing Details MLS# 26016956

Listing Information

Comp Sale YN
No
Property Sub Type
Business

Status Change Information

Status Change Timestamp
2026-07-09

Address

County
Graves
Street Number
304
Street Direction Prefix
W
Street Name
Walnut
Street Suffix
Street
State
KY
Zip Code
42066
Zip +4
2230
Parcel Number
205.00.14.009.00

Contract

Original List Price
874000
Start Showing Date
2026-07-09
Listing Contract Date
2026-02-19
Listing Agreement
Exclusive Right To Sell
Owner Name
Commercial
Occupant Type
Occupied
Office Exclusive YN
No
List Price/SqFt
156.07

Tax Legal

MLS Area Major
118 - Graves County
Subdivision Name
Commercial

Interior

Living Area
2000
Living Area Units
Square Feet
Building Area Total
5600
Building Area Source
Estimated
Building Area Units
Square Feet

More Information

Parking Information

Parking Total
15

Building

Basement YN
No
Year Built
1940
Accessibility Features YN
No

Lot

Lot Size Acres
0.13
Lot Size Square Feet
5698

Utilities

Cooling YN
Yes
Heating YN
Yes
Electricity Connected
Yes
Natural Gas Connected
Yes
Sewer Connected
Yes
Water Connected
Yes

Remarks

Public Remarks
One-of-a-kind commercial/live-work property with a 2022 full remodel. Custom tongue-and-groove woodwork, decorative metal ceilings, whole-house water filtration, new roof, siding & flooring. Includes two additional gravel parking lots for expansion or development. Prime high-visibility location at a 3-way stop with increased traffic during Court Square events. Ideal for business, live/work, or future apartments. Main building, 304 W. Walnut, has 3 bed and 2.5 baths, plus spacious office area. 306 W Walnut: ~ 3600 Sq Ft: ~1200 lower level, ~1200 upper level, ~1200 side addition. This building includes 1 bath. Two overhead doors with a mechanic's area and a wash bay. Open loft living space with open ceilings. Loft has a mini-split unit. 314 W Walnut: 55x120 gravel parking lot, no structures. 413 Linden Dr: has approx. 2,000 sq ft concrete pad to fit 50 - 70 cars, no structures. Has electrical pole.

Tax & Legal

Tax Rate
1.172
Zoning
R-1
Directions
From the North on I-69, take exit 22 turn towards Mayfield. At the first red light turn right, go to 2nd stop sign, the car lot is on the right.

Association/Community

Number Of Buildings
4

Construction Materials

Aluminum Siding
Yes

Cooling

Central Air
Yes

Heating

Forced Air
Yes
Natural Gas
Yes

Parking Features

Gravel
Yes
Paved
Yes

Possession

Close Of Escrow
Yes

Roof

Metal
Yes

Water Heater

Electric
Yes

Building Features

Concrete Floor
Yes
Other Flooring Type
Yes

Business Type

Commercial
Yes

Sale Includes

Building(s)
Yes

Showing Requirements

Call Listing Office
Yes
CBS Code
Yes
Showing Service
Yes

Property Features

Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected; Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected Building Features: Concrete Floor; Other Flooring Type Business Type: Commercial Construction Materials: Aluminum Siding Cooling: Central Air Heating: Forced Air; Natural Gas Parking Features: Gravel; Paved Possession: Close Of Escrow Roof: Metal Sale Includes: Building(s) Water Heater: Electric Showing Requirements: Call Listing Office; CBS Code; Showing Service

Documents

Listing Office: Musgrave Realty, LLC
Last Updated: July - 14 - 2026
Information deemed reliable but not guaranteed.