000 Ky Highway 801 Morehead, KY 40351
This exceptional 144-acre tract presents a compelling investment opportunity for developers seeking prime land in a rapidly growing region. Strategically located just off Interstate 64, this property enjoys unparalleled access to major transportation arteries, significantly enhancing its logistical advantages. Its proximity to the MMRC Regional business/industrial park positions it ideally for synergistic development, offering potential for collaboration and shared infrastructure. The property's substantial acreage allows for a wide range of development possibilities, from industrial and commercial ventures to potentially residential projects, subject to local zoning regulations. The location also benefits from its proximity to the established community of Morehead, providing access to a skilled workforce and essential amenities. Furthermore, the property's adjacency to Cave Run Lake and the Rowan County airport adds to its appeal, offering recreational opportunities and convenient air travel access. The existing infrastructure and strategic location combine to create a compelling case for significant return on investment. This is a rare opportunity to acquire a large parcel of land with exceptional development potential in a thriving Kentucky location. Detailed site surveys and environmental assessments are recommended to fully understand the development possibilities. All interested parties should conduct their own due diligence.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.