Mixed-Use Land for Sale in Hopkinsville, Kentucky
Cadiz Rd, Hopkinsville, KY 42240
DEVELOPMENT OPPORTUNITY | 33.68 ACRES | CADIZ ROAD CORRIDOR | HOPKINSVILLE, KY
33.68-acre shovel-ready development site at US-68 (Cadiz Road) and KY-91 (Princeton Road) in Hopkinsville, Kentucky — positioned for residential, multifamily, or mixed-use development backed by $19.8M in active state infrastructure investment and a proven Kentucky incentive stack.
INCENTIVE-BACKED DEVELOPMENT SITE
Kentucky's development financing tools are already proven in this county. Christian County carries $369M+ in active Industrial Revenue Bonds. KY SB 25 (2025) expanded IRB eligibility to multifamily projects of 48+ units — generating 150-200 basis point interest rate reductions through tax-exempt bond financing. KHC HOME ($500K), AHTF ($400K), LIHTC 4%/9% tax credit equity, and predevelopment loan programs are all accessible for qualifying residential and workforce housing projects on this site.
$19.8M STATE INFRASTRUCTURE INVESTMENT
KYTC Item 2-899 — $19.8M committed to US-68 corridor improvements directly serving this parcel. Construction awarded January 2025 and underway. Scope: design ($800K), ROW ($2.19M), utility relocation ($4.05M), and construction ($12.79M). Development concurrent with state construction enables vertical delivery immediately following infrastructure completion.
PRICING ANCHOR
Dollar General purchased 2.265 acres from this same parcel at $117,000/acre (July 2023), establishing commercial corridor pricing. Listed at $90,000/acre — a 23% discount to the last closed sale from the identical tract.
PROPERTY SPECS
33.68 acres | 1,466,883 SF | Parcel 207-00 01 001.00 | Hopkinsville taxing district | Zone X flood designation | Level, development-ready terrain | City utilities available
P3 proposal currently on the Mayor's desk. Contact listing broker for incentive stack documentation and development feasibility analysis.
- Listed by James Church, (707) 592-2777, Keller Williams Realty Clarksville
Location
- Street address
- Cadiz Rd
- County
- Christian County
- Community
- Subdiv/Develop
- Elevation
- 557 feet
Directions
Clarksville TN
Turn right to merge onto I-24
West toward Paducah 20 mi
Take exit 81 to merge onto
I-169 toward Hopkinsville 12 mi
Take exit 11 onto KY-1682
Property details
- Acreage
- 33.68 acres
- Zoning
- AG
- Access
- Public road
- MLS #
- REALTRACS 3049860
- Posted
Property taxes
- Recent
- $230
Parcels
- 207-00 01 001.00
Resources
Details and features
Listing
- Type
- Land
- Financing
- USDA, VA
- Inclusions
- Land Only
- Possession
- Close of Escrow
Lot
- Size Source
- Owner
- Dimensions
- 1, 466, 883 SF
- Terrain
- Cleared, Corner Lot, Level, Private
- Road Frontage
- Highway
- Features
- Cleared, Corner Lot, Level, Private
Structure
- Water
- Public
- Sewer
- Public Sewer
Property utilities
| Category | Type | Status |
|---|---|---|
| Sewage | Sewer | Available |
| Water | Public | Available |
Nearby schools
| Name | Type |
|---|---|
| Freedom Elementary | Elementary |
| Christian County Middle School | Middle |
| Christian County High School | High |
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Nov 22, 2025 | New listing | $3,031,200 | — | REALTRACS |
Payment calculator
Based on information submitted to the MLS GRID as of Apr 21, 2026 1:00 pm MT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. View more