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    2490 Ky 801 N Morehead, KY 40351

    For Sale
    $8,900,000

    LAND - Morehead, KY

    Lot size:
    73.00 Acres
    Days on Market:
    88
    Last Refresh:
    Dec 8 at 8:06 am

    Property Features for 2490 Ky 801 N

    General Information

    Special listing conditions
    Standard
    Property type
    Land
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    APN
    012-00 00 009.00
    Lot size
    73.00 Acres

    Utilities

    Utilities
    Water Available

    C. Roger Lewis Agency 7844168

    Listing agent Mark Lewis

    Listing date Sep 12, 2025

    Copyright © 2025 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Commercial Land Near I-64

    This 73-acre commercial development property is located within half a mile of Interstate 64 interchange. Situated on KY 801, the direct route to Cave Run Lake, the site benefits from high traffic volume. It is an ideal location for large manufacturing facilities, hospitals, motels, or retail developments. The property owner is willing to sub-divide the land.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Morehead
    County
    Rowan
    State
    Kentucky
    Longitude
    -83.55639
    Latitude
    38.173827

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    FAQs

    What type of property is this?
    Commercial land - 73-acre commercial development property near I-64 interchange in Morehead, KY.
    Where is this commercial land located?
    The property is located at 2490 Ky 801 N Morehead, KY.
    What is the asking price?
    The asking price for this property is $8,900,000.
    What are key features of this property?
    This property features: - Prime commercial development property - less than 1/2 mile from Interstate 64 interchange.; - Ideal for large-scale development: manufacturing, hospital, motel, or retail.; - High traffic location on KY 801, the direct route to Cave Run Lake.
    7844168
    Request Owner's contact information
    2490 Ky 801 N Morehead, KY 40351
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    Morehead, KY 40351
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2490 Ky 801 N Morehead, KY 40351
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