42240 Land for Sale

42240 Land for Sale

Welcome to the charming community of Hopkinsville, Kentucky, nestled in the heart of Christian County and home to the vibrant zip code 42240. This picturesque area is known for its warm Southern hospitality, rich history, and beautiful landscapes, making it an ideal location for those seeking to invest in land.

Hopkinsville offers a unique blend of rural charm and urban convenience. With a population that values community and connection, residents enjoy a slower pace of life while still having access to modern amenities. The city is surrounded by lush greenery, rolling hills, and serene waterways, creating a stunning backdrop for outdoor enthusiasts and nature lovers alike. Whether you enjoy hiking, fishing, or simply taking in the scenic views, Hopkinsville has something for everyone.

For those considering a real estate investment, the land for sale in the 42240 area presents a fantastic opportunity. With a variety of parcels available, you can find the perfect piece of land to build your dream home, start a farm, or create a peaceful retreat. The affordable prices and favorable market conditions make this an attractive option for both first-time buyers and seasoned investors.

In addition, Hopkinsville is conveniently located near major highways, providing easy access to nearby cities such as Nashville, TN, and Clarksville, TN. This accessibility makes it an appealing choice for commuters and those looking to enjoy the benefits of both urban and rural living.

Discover the beauty and potential of Hopkinsville, KY, and explore the available land for sale in the 42240 zip code. Your dream property awaits!

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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