City-Limits Commercial Development
402 Chestnut St Murray, KY 42071
For Sale
$1,485,000
LAND - Murray, KY
Lot Size16.00 Acres
Days on Market153
Property Features for 402 Chestnut St
General Information
Property type
Land
Property subtype
Other
Standard status
Active
Lot size
16.00 Acres
Utilities
Water source
Public
Listing Agency:
Markethouse Realty, PLLC
(270) 753-4870
Listed By:
Rebecca Johnson · License #247755
(270) 293-2291
Added: Feb 26
Changed: Jun 10
Last Checked: Jul 29 at 2:06PM
MLS# 135579
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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.
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
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
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
