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Commercial Land for Sale in Murray, Kentucky

1230 N Highway 121, Murray, KY 42071

$750,000
3 acres
Active sale
$6.8m drop
Est $5,508/mo

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.

Location

Street address
1230 N Highway 121
Zip code
42071
Community
Calloway
Elevation
549 feet
Coordinates
36.6238, -88.3364

Directions

From MSU football stadium, take HWY-121 N. approx. 1.2 miles. Property will be on right.

Property details

Acreage
3 acres
MLS #
WKYRMLS 135166
Posted

Details and features

Listing

Type
Commercial Sale

Lot

Features
County, Highway Frontage

Structure

Stories
1
Water
Public
Heating
Natural Gas
Cooling
Central Air
Materials
Concrete Block, Frame
Roof
Composition, Metal

Interior

Flooring
Concrete, Laminate

Property utilities

CategoryTypeStatus
GasNatural GasAvailable

Listing history

DateEventPriceChangeSource
May 20, 2026Price drop$750,000$6,750,000 -90%WKYRMLS
May 20, 2026Price increase$7,500,000$6,700,000 837.5%WKYRMLS
Jan 8, 2026New listing$800,000WKYRMLS
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This 3-acre property is located at 1230 N Highway 121 in Murray, KY 42071. The land is available for sale, priced at $750,000 — $250,000 per acre.

Listed by Check Mark Realty, (270) 705-2065

Checked 1 hour agoUpdated

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