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    00 N 16Th St Murray, KY 42071

    For Sale
    $895,000

    Commercial - Murray, KY

    Lot size:
    21.78 Acres
    Days on Market:
    47
    Last Refresh:
    Dec 7 at 7:06 pm

    Property Features for 00 N 16Th St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Lot size
    21.78 Acres

    Building Details

    Architectural style
    Other

    Re/Max Real Estate Associates Murray (270) 761-8888

    Listing agent Shelley Evans Jones (270) 761-8888 License #267199

    Listing date Oct 22, 2025

    MLS# 126293 Listing URL

    Copyright © 2025 Western Kentucky Regional MLS Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Commercial Land Near Retail

    This commercial real estate opportunity consists of over 21 acres. It is conveniently situated near the 641 Business District, which includes major retailers such as Walmart and Lowe's. The parcel is adjacent to the Murray State CFSB Center and has access points from Walmart Drive and North 16th Street. Zoned B-2 Commercial, the property presents a diverse range of business prospects.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Murray
    County
    Calloway
    State
    Kentucky
    Longitude
    -88.324511
    Latitude
    36.607448

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    FAQs

    What type of property is this?
    Commercial land - 21+ acres near 641 Business District and Murray State.
    Where is this commercial land located?
    The property is located at 00 N 16Th St Murray, KY.
    What is the asking price?
    The asking price for this property is $895,000.
    What are key features of this property?
    This property features: - Prime commercial real estate opportunity with over 21 acres.; - Conveniently located near the thriving 641 Business District with major retailers like Walmart and Lowe's.; - Zoned B-2 Commercial, offering a diverse range of business prospects.
    (270) 761-8888
    Request Owner's contact information
    00 N 16Th St Murray, KY 42071
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    Murray, KY 42071
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    00 N 16Th St Murray, KY 42071
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