1230 N Highway 121, Murray, KY 42071
Calloway County
Key Facts
Description
Don’t miss the opportunity to own approximately 3 unrestricted acres located just outside the Murray city limits with excellent road frontage on one of the highest-traffic roads in the area. This highly visible property offers outstanding potential for retail, office, mixed-use, or redevelopment projects with no zoning restrictions in place. The site currently includes one operating business and four additional commercial units available for renovation and continued use, buildings totaling 12,000sqft, providing immediate or future income potential. Developers may also choose to clear and start fresh with a new custom development on the acreage offered. The property also features two double-sided billboards, creating additional income and exposure. With strong traffic, income-producing assets, and unmatched flexibility, this property presents a rare investment and development opportunity in one of Murray’s sought-after corridors, ideal for both local and regional investors.
Property Information
Property Type
Commercial Sale
Style
1 Story
Stories
1
Living Area
12,000 sq ft
Days on Market
183
MLS® Listing#
135166
Property Features
Appliances
Cooling
Flooring
Lot Features
Construction
Foundation
Roof
Utilities
Sewer
Water Source
Directions
From MSU football stadium, take HWY-121 N. approx. 1.2 miles. Property will be on right.
Affordability Calculator
$150,000
Estimated monthly payment
$3,992/mo
Principal $600,000 · Est. interest $837,053 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Murray, KY
- $312,500
- Median Listing Price
- 37
- Median Days on Market
- 2,008
- Median Sq Ft
- $148
- Median Price / Sq Ft
- 169
- Active Listings
- This home’s price is 140% above the area median.
- Its price per sq ft is 58% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Murray, KY.
Location
- 1230 N Highway 121, Murray, KY 42071
Points of Interest in Murray, KY
Showing the Murray area map.
Nearby Schools
Murray Middle School
Secondary · 1.3 mi away
Willis Early Childhood Center
School · 1.3 mi away
Creative Beginnings
School · 1.4 mi away
Murray Independent School District
School · 1.5 mi away
Calloway County High School
Secondary · 1.6 mi away
Murray Elementary School
Elementary · 1.6 mi away
North Calloway Elementary School
Elementary · 1.7 mi away
Murray High School
Secondary · 2.1 mi away
Murray/Calloway County Area Tech Center
Secondary · 2.6 mi away
East Calloway Elementary School
Elementary · 4.0 mi away
Southwest Calloway Elementary School
Elementary · 5.0 mi away
New Covenant Christian Academy
School · 9.4 mi away
South Marshall Elementary School
Elementary · 11.7 mi away
Farmington Elementary School
Elementary · 12.8 mi away
South Marshall Middle School
Secondary · 13.6 mi away
Dorothy and Noble Harrelson School
Elementary · 13.7 mi away
Buchanan Elementary School
Elementary · 14.4 mi away
Jonathan Elementary School
Elementary · 15.9 mi away
Benton Elementary School
Elementary · 16.1 mi away
Benton-Central Family Resource Center
School · 16.1 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 84 Launch, Murray, KY | $550,000 | — | — | — |
| 84 Launch Lane, Murray, KY | $550,000 | — | — | — |
| 84 Launch Lane, Murray, KY | $550,000 | — | — | — |
| 84 Launch Lane, Murray, KY | $550,000 | — | — | — |
| 363 Grant Road, Murray, KY | $550,000 | 4 | — | 4,044 |
| 363 Grant Road, Murray, KY | $550,000 | 4 | 2 | 4,044 |
Moving Cost Estimate
EXIT Agents in Murray
Listing Courtesy: Check Mark Realty