About This Home

This 16-acre land parcel offers substantial space for development within the city limits of Murray, Kentucky. The property is located on a high-traffic thoroughfare with excellent visibility and access. It is currently zoned R2, with potential for commercial rezoning subject to approval by city planning and zoning authorities.

The parcel is partially cleared and ready for development, providing a combination of open ground and an established location along a well-traveled route. With no existing bedrooms or bathrooms, this offering consists of land rather than a residential structure.

Its location at 402 Chestnut St places the property within Murray and gives it direct exposure from the thoroughfare. The 16.00-acre tract is offered at $1,485,000 and may suit development plans consistent with current zoning or any future rezoning approvals. Buyers should verify permitted uses and rezoning possibilities with the appropriate city planning and zoning officials.

Key Features

  • 16.00 acre lot
Listing Description

This 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. Property is partially cleared and ready for development. Prime location with excellent visibility and access.

Location

402 Chestnut St

Murray, KY 42071

Questions & Answers

This 0-bedroom, 0-bathroom land at 402 Chestnut St is listed at $1,485,000. The estimated monthly payment is $7,942 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: 16.00 acre lot.

This property is listed by Rebecca Johnson and can be reached at 2702932291.

RJ

Rebecca Johnson

Agent at Markethouse Realty, PLLC

(270) 293-2291

Listed by Markethouse Realty, PLLC · Broker phone: 2702932291 · View on Broker Site

MLS# 135579· Source: Western Kentucky Regional MLS Inc· 216 days on PropertySimple

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.

402 Chestnut St, Murray, KY 42071

Open this listing in: