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    2699 Ky 801 Hwy Morehead, KY 40351

    For Sale
    $350,000

    High-traffic location, investment opportunity.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional 1-acre commercial lot, situated at 2699 N KY 801 Highway Unit 8 in Morehead, Kentucky, presents a unique investment opportunity. Located on a rapidly developing section of the I-64 corridor, this property offers unparalleled visibility and accessibility. Its prime location ensures high traffic volume, making it perfect for a diverse range of businesses. Imagine establishing a retail outlet, restaurant, coffee shop, car rental agency, or healthcare facility in this thriving area. The lot's versatility allows for a wide array of commercial uses. The property's strategic placement provides convenient access to I-64, guaranteeing excellent exposure to a large customer base. This lot can be purchased individually or as part of a larger acquisition, offering flexibility for investors seeking to tailor their investment strategy. Long-term leasing options are also available. The surrounding area boasts a vibrant community with numerous amenities, including Cave Run Lake, AppHarvest, American Stave Company, Rowan County Airport, the future site of Eastern Light Distillery Expansion (projected completion 2025), Morehead State University, and a future county park, as well as residential neighborhoods. This combination of high traffic, convenient access, and a thriving community makes this property an exceptional investment opportunity with significant long-term potential. The asking price is $350,000.

    Property Features for 2699 Ky 801 Hwy

    General Information

    Property type
    Other commercial real estate
    Lot Size
    43,560 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Morehead
    County
    Rowan
    State
    Kentucky
    Longitude
    -83.55733
    Latitude
    38.17841

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    FAQs

    What type of property is this?
    Commercial real estate - High-traffic location, investment opportunity.
    Where is this commercial real estate located?
    The property is located at 2699 Ky 801 Hwy Morehead, KY.
    What is the asking price?
    The asking price for this property is $350,000.
    (859) 509-8401
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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
    2699 Ky 801 Hwy Morehead, KY 40351
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