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    1201 Chestnut St Murray, KY 42071

    For Sale
    $399,000

    Commercial - Murray, KY

    Lot size:
    0.22 Acres
    Days on Market:
    98
    Last Refresh:
    Dec 14 at 11:06 am

    Property Features for 1201 Chestnut St

    General Information

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

    Building Details

    Architectural style
    Other

    SBG Real Property Professionals (270) 753-9999 [email protected]

    Listing agent Jesse Rains (270) 753-9999 License #286518

    Listing date Sep 8, 2025

    MLS# 126400 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 Corner Lot

    This commercial corner lot is located at the corner of 12th Street and Chestnut in Murray, KY. The property is zoned B-2 Highway Business and has deeded restrictions that include no fuel sales, no quick-serve restaurants, and no package beverage sales. The lot size is 0.22 acres. According to the listing, this lot has some of the highest traffic count in the area. With approval from the City of Murray, the lot will hold a building up to around 2,000 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Rally's Fast Food Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Murray
    County
    Calloway
    State
    Kentucky
    Longitude
    -88.317743
    Latitude
    36.616891

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    FAQs

    What type of property is this?
    Commercial land - High-traffic commercial corner lot in Murray, KY. B-2 zoning.
    Where is this commercial land located?
    The property is located at 1201 Chestnut St Murray, KY.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: - Prime commercial corner location at 12th Street and Chestnut.; - High traffic count.; - Zoned B-2 Highway Business.
    (270) 753-9999
    Request Owner's contact information
    1201 Chestnut 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
    1201 Chestnut St Murray, KY 42071
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