B-2 Commercial Development
For Sale
$849,900
N 16th St, Murray, KY 42071
COMMERCIAL - Murray, KY
Lot Size21.00 Acres
Days on Market123
Property Features for N 16th St
General Information
Property type
Commercial Sale
Property subtype
Other
Lot features
In City Limits
Directions
From 12th and Main in Murray, Head North on 12th Street, take a right onto 121 N Bypass, take a right onto Walmart Drive, and continue straight through at the stop sign. The property access will be straight ahead at the dead end of the drive.
Subdivision
Calloway
Standard status
Active
Lot size
21.00 Acres
Utilities
Utilities
Natural Gas Available
Water source
Public
Listing Agency:
Re/Max Real Estate Associates Murray
(270) 761-8888
Listed By:
Shelley Evans Jones · License #267199
(270) 761-8888
Added: Apr 1
Changed: Jul 1
Last Checked: Aug 1 at 1:06PM
MLS# 130943
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This for-sale commercial land parcel offers more than 21 acres in Murray, Kentucky, configured for development planning. The property is zoned B-2 Commercial, providing the framework for a range of B-2 commercial concepts depending on approved site and use specifics.
The site is described as conveniently situated near the 641 Business District and adjacent to the Murray State CFSB Center. Public remarks also note convenient access points from Walmart Drive and North 16th Street. Retail anchors listed include major retailers such as Walmart and Lowe’s, positioning the property near established commercial activity in the area.
For prospective buyers or developers evaluating sites within a B-2 framework, this parcel’s acreage and noted access points support planning for a variety of commercial development approaches. Its proximity to the Murray State CFSB Center and nearby retail locations may appeal to users looking to serve the local business corridor while pursuing a B-2 compatible project. Buyers are encouraged to confirm development requirements and any zoning or use specifics with the appropriate local authorities.
The site is described as conveniently situated near the 641 Business District and adjacent to the Murray State CFSB Center. Public remarks also note convenient access points from Walmart Drive and North 16th Street. Retail anchors listed include major retailers such as Walmart and Lowe’s, positioning the property near established commercial activity in the area.
For prospective buyers or developers evaluating sites within a B-2 framework, this parcel’s acreage and noted access points support planning for a variety of commercial development approaches. Its proximity to the Murray State CFSB Center and nearby retail locations may appeal to users looking to serve the local business corridor while pursuing a B-2 compatible project. Buyers are encouraged to confirm development requirements and any zoning or use specifics with the appropriate local authorities.
Key Highlights
- Over 21 acres of commercial land near the 641 Business District, with access off Walmart Drive and North 16th Street
- B‑2 Commercial zoning for a range of business uses
- Natural gas available on the property
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
508
Businesses Nearby
Explore this area
Business Placement
Demographics for 42071, KY
29,703
Population
14,174
Households
2.1
Avg Household Size
35
Median Age
35%
College-Educated
92%
High-School Grad
209.0 sq mi
ZIP Area
142
Density / Sq Mi
$48,976
Median Household Income
$29,805
Median Earnings
$841
Median Rent
$188,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Zoned B-2 with access near major retailers and Murray State’s CFSB Center for flexible commercial uses.
Where is this commercial land located?
The property is located at N 16th St Murray, KY.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: Over 21 acres of commercial land near the 641 Business District, with access off Walmart Drive and North 16th Street; B‑2 Commercial zoning for a range of business uses; Natural gas available on the property
