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

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.

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.
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