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Convenience Store With Apartments
For Sale
$575,000

9335 Cranston Road, Morehead, KY 40351

Business Opportunity, Morehead, KY

Property Size1,536 SF
Lot Size1.33 Acres
Price / SF$374.35
Days on Market195

Property Features for 9335 Cranston Road

General Information

Property type Commercial Sale
Property subtype Other
Subdivision Rural
Directions From Morehead Turn onto 377 travel approximately 9 miles and property is located on the left.
Standard status Active
APN 092-00 00 029.00
Size 1,536 SF
Lot size 1.33 Acres

Utilities

Utilities Propane
Heating system Propane (Heating), Electric (Heating)
Cooling system Electric

Amenities

fully furnished commercial kitchen
spacious dining area
large stocked retail area
walk-in coolers
large finished room for entertainment/party/conference
outdoor patio
two apartments
gravel overflow parking lot
Listing Agency: SimpliHOM
Listed By: Ethan D Blair · License #252288
Added: Mar 16 Changed: Sep 16 Last Checked: Sep 26 at 6:06PM
MLS# 26005132

Copyright © 2026 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This convenience store property combines retail sales space with a restaurant setup and residential components. The improvements include a fully furnished commercial kitchen, dining area, stocked retail area, and walk-in coolers. A finished room at the rear has supported live entertainment, party rentals, and conference events, while the outdoor patio provides additional space for seating and gatherings.

Two apartments are located above the store, including one 1-bedroom unit and one 2-bedroom unit. One apartment is vacant, and the other is being used for Airbnb guests. The property also includes a 1.33-acre site and a gravel parking area across Highway 377 for overflow customer and event parking. Located at 9335 Cranston Road in Morehead, Kentucky, the building has propane and electric heating, electric cooling, and propane utility service.

Key Highlights

  • Convenience store with restaurant components and stocked retail area
  • Fully furnished commercial kitchen with dining area and walk‑in coolers
  • Finished rear room used for entertainment, party rentals, and conferences

Property Analytics

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Current Use

Grocery and convenience stores

Suggested Use

Top Pick Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

4
Businesses Nearby
Well-served
Demand for This Use

Demographics for 40351, KY

22,305
Population
9,497
Households
2.3
Avg Household Size
33
Median Age
27%
College-Educated
88%
High-School Grad
268.2 sq mi
ZIP Area
83
Density / Sq Mi
$51,110
Median Household Income
$26,278
Median Earnings
$775
Median Rent
$163,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Grocery and convenience store - Operating retail property with a commercial kitchen, dining area, walk-in coolers, event space, and two upstairs apartments.
Where is this grocery and convenience store located?
The property is located at 9335 Cranston Road Morehead, KY.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Convenience store with restaurant components and stocked retail area; Fully furnished commercial kitchen with dining area and walk‑in coolers; Finished rear room used for entertainment, party rentals, and conferences
More about this property
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