402 Chestnut St Murray, KY 42071

Listing agent Rebecca Johnson License #247755 Show Phone

Listing office Markethouse Realty, PLLC 218 S 12th Street, Murray, KY Show Phone

Listing date Feb 26, 2026

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MLS# 135579 Listing URL

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Investment Insights

Based on property information with market context.

This offering is a 16+/- acre parcel within city limits, currently zoned R2. The land is partially cleared and positioned for development, with the remaining work dependent on the intended site plan and construction approach.

Located in Murray, KY, the property fronts a high-traffic thoroughfare and is described as having strong visibility and access. Any move from residential zoning to a commercial designation would require city planning and zoning approval, subject to the governing process.

For buyers and developers, this site is best suited for projects that can accommodate the existing R2 zoning or pursue a commercial rezoning path. The partially cleared condition can help reduce early site-prep steps, while the high-visibility, through-street setting supports a wide range of development concepts that align with the approvals ultimately granted by the city.

Key Highlights

• 16+/- acres within city limits on a high‑traffic thoroughfare
• Currently zoned R2, with potential for commercial rezoning subject to city planning and zoning approval
• Partially cleared and ready for development

Property Analytics

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FAQs

What type of property is this?

Commercial land - Partially cleared 16+ acres on a high-traffic thoroughfare, zoned R2 with potential commercial rezoning subject to approvals.

Where is this commercial land located?

The property is located at 402 Chestnut St Murray, KY.

What is the asking price?

The asking price for this property is $1,485,000.

What are key features of this property?

This property features: 16+/- acres within city limits on a high‑traffic thoroughfare; Currently zoned R2, with potential for commercial rezoning subject to city planning and zoning approval; Partially cleared and ready for development