Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    Chestnut St Murray, KY 42071

    For Sale
    $350,000

    Commercial - Murray, KY

    Lot size:
    0.51 Acres
    Days on Market:
    69
    Last Refresh:
    Dec 7 at 12:06 pm

    Property Features for Chestnut St

    General Information

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

    Building Details

    Architectural style
    Other

    Kopperud Realty (270) 753-1222 x109 [email protected]

    Listing agent John Kopperud (270) 753-1222 License #210645

    Listing date Sep 30, 2025

    MLS# 134003 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

    Commercial Lot Near MSU Campus

    This commercial lot, located in Murray, KY, offers significant visibility and is situated near the Murray State University campus. The property spans 0.511 acres and is zoned B-2 Highway Business District, permitting a wide array of uses including restaurants with drive-in windows, offices, retail establishments, and automotive services. Partially paved and ready for development, the lot benefits from its location within a thriving commercial district, surrounded by other retail and restaurant businesses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Murray
    County
    Calloway
    State
    Kentucky
    Longitude
    -88.29644
    Latitude
    36.617328

    Nearby Similar for Sale

    • $735,000

      Commercial Building Near University

      Commercial building in high-traffic location, adaptable for various uses.
      1301 Chestnut St, Murray, KY 42071
      View Details
    • $1,399,000

      Multi-Family Housing Opportunity in Murray

      Multi-family property with conversion potential in Calloway County.
      1105 State Route 121 N, Murray, KY 42071
      View Details
    • $1,890,000
      108.00 Acres

      Unrestricted Waterfront Farm on Kentucky Lake

      108+/- acre waterfront farm with dockable shoreline on Kentucky Lake.
      250 Cindy Dr, Murray, KY 42071
      View Details
    • $210,000

      Versatile Building in Convenient Location

      2,300 sq ft property near campus with flexible zoning.
      1634 Main St, Murray, KY 42071
      View Details
    • New
      $899,999

      Multi-Building Commercial Opportunity in Murray

      Three buildings offer flexible configurations for various business operations.
      623 S 4Th St, Murray, KY 42071
      View Details
    • New
      $899,999

      Multi-Building Commercial Opportunity in Murray

      Three buildings offer flexible configurations for various business operations.
      623 S 4Th St, Murray, KY 42071
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial lot near Murray State University, ready for development.
    Where is this commercial land located?
    The property is located at Chestnut St Murray, KY.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: - Great visibility and high-traffic location near Murray State University campus.; - Zoned B-2 Highway Business District allowing for a wide range of commercial uses.; - Permitted usages include restaurants with drive-in window, offices, retail, and automotive.
    (270) 753-1222
    Request Owner's contact information
    Chestnut St Murray, KY 42071
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Chestnut St
    Murray, KY 42071
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Chestnut St Murray, KY 42071
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.