42240 Land for Sale

42240 Land for Sale

Are you looking for land for sale in the zip code 42240? Look no further than Hopkinsville, Kentucky, located in Christian County. This area offers a variety of opportunities for those interested in purchasing land.

Hopkinsville, KY, is a vibrant city with a rich history and a growing real estate market. With a population of over 30,000, it offers a small-town feel with big-city amenities. The zip code 42240 covers a diverse range of neighborhoods and communities, ensuring there is something to suit every buyer's needs.

Whether you are looking for a large plot of land to build your dream home or a smaller parcel for investment purposes, there are plenty of options available. From sprawling rural properties to more centrally located lots, Hopkinsville has a variety of land for sale to choose from.

Investing in land can be a smart financial decision, as it offers the potential for future development or as a long-term investment. Additionally, owning land provides the opportunity for recreational activities such as farming, hunting, or simply enjoying the natural beauty of the area.

If you are interested in purchasing land in the 42240 zip code, reach out to a local real estate agent who can guide you through the process. They will have the expertise to help you find the perfect piece of land that meets your needs and fits your budget.

Don't miss out on the opportunity to own land in Hopkinsville, KY. Start your search today and make your real estate dreams a reality.

Newest 42240 Land for Sale

$3,031,200
3049860 MLS ACTIVE Status 33.68 Acres 42240 Zip Code
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.

Cadiz Rd, Hopkinsville

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