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Prime Commercial Land in Murray, Ky | High Traffic Location North 16th Street, Murray, KY 42071
Shopping Center / Retail
Vacant Land
Property Description
Prime commercial opportunity in one of Murray’s most active and rapidly growing corridors. This ±21-acre tract is strategically positioned just off Highway 641 with excellent access from both North 16th Street and Walmart Drive.
Surrounded by national retailers including Walmart and Lowe’s and located adjacent to the Murray State CFSB Center, this property benefits from strong daily traffic and year-round activity. Its proximity to Murray State University further enhances long-term growth potential and demand.
Zoned B-2 Commercial, the property offers exceptional flexibility for a variety of uses including retail, hospitality, medical, or mixed-use development. The size and layout allow for multiple development options, including phased projects or outparcel opportunities.
This is a rare opportunity to secure a large, well-located commercial tract in Murray’s primary retail corridor with strong visibility, accessibility, and long-term investment potential.
Area Description
Located in the heart of Murray’s primary commercial corridor, this property sits just off Highway 641 (N 12th Street), the main retail and traffic artery serving the region.
The surrounding area is anchored by national retailers including Walmart and Lowe’s, along with a strong mix of restaurants, service businesses, and regional brands that drive consistent daily traffic. The property is adjacent to the Murray State University CFSB Center, a major destination for sporting events, concerts, and community activities.
Murray State University, located just minutes away, provides a steady population base and workforce, supporting continued commercial growth in the area. The corridor continues to see ongoing development and remains one of the most desirable locations for commercial investment in Calloway County.
Highlights
- ±21 Acres Prime Commercial Land
- Zoned B-2 Commercial (Wide Range of Uses)
- Located in Murray’s Primary Retail Corridor
- Adjacent to Murray State CFSB Center
- Surrounded by Walmart, Lowe’s & National Retailers
- Just Off Highway 641 (High Traffic Artery)
- Dual Access: N 16th St & Walmart Drive
- Strong Traffic Counts & Excellent Visibility
- Minutes to Murray State University
- Ideal for Retail, Mixed-Use , Hospitality, or Medical
- Large Tract with Flexible Development Potential
- Suitable for Phased Development or Outparcels
- High-Growth Area with Continued Commercial Expansion
Full Address: North 16th Street, Murray, KY 42071
Listing Type: FOR SALE
Status: Active
Zoning: B-2 Commercial
Region: E-ME
County: Calloway County
Business Type: Retailing Businesses
Property ID: 4068520