# 402 Chestnut St, Murray, KY 42071

> **TL;DR:** land, $1,485,000. Est. $7,942/mo.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $1,485,000 |
| Lot Size | 696,960 sqft (16.00 acres) |
| Property Type | Land (Other) |
| Status | Active |
| Days on Market | 0 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $7,509 |
| Estimated Insurance | $433 |
| **Total** | **$7,942** |

## Nearby Schools

- **Elementary:** Calloway/Murray-VERIFY
- **Middle:** Calloway/Murray-VERIFY
- **High:** Calloway/Murray-VERIFY

## Property Highlights

- 16.00 acre lot

## Description

### AI Summary
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.

### Agent 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

- **Address:** 402 Chestnut St, Murray, KY 42071
- **County:** Calloway
- **Coordinates:** 36.618509, -88.303999
- **Google Maps:** https://www.google.com/maps?q=36.618509,-88.303999

## Listing Agent

- **Name:** Rebecca Johnson
- **Brokerage:** Markethouse Realty, PLLC
- **Phone:** 2702932291
- **Broker Phone:** 2702932291
- **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/402-Chestnut-St_Murray_KY_42071_M42326-60900?f=listhub&s=WKYRMLS&m=135579&c=propsimple)

## Photos

![402 Chestnut St - Photo 1](http://lh.rdcpix.com/987b6c9a4619e55280c5f17d43ab91b5l-f151912356r.jpg)

![402 Chestnut St - Photo 2](http://lh.rdcpix.com/987b6c9a4619e55280c5f17d43ab91b5l-f4159260748r.jpg)

![402 Chestnut St - Photo 3](http://lh.rdcpix.com/987b6c9a4619e55280c5f17d43ab91b5l-f30833254r.jpg)

![402 Chestnut St - Photo 4](http://lh.rdcpix.com/987b6c9a4619e55280c5f17d43ab91b5l-f2366180256r.jpg)

![402 Chestnut St - Photo 5](http://lh.rdcpix.com/987b6c9a4619e55280c5f17d43ab91b5l-f3462134994r.jpg)

---

**MLS#:** 135579 | **Updated:** 2026-07-02
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.ai/listing/402-chestnut-st-murray-ky-42071-s135579)

---

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