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Property profile

2699 Ky 801 Hwy Morehead, KY 40351

OFF-MARKET
Commercial real estate
1 ac lot
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Property summary

AI-generated overview

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 profile

Verified
Property type Commercial real estate
Lot 1 ac (43,560 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2699 Ky 801 Hwy Morehead, KY 40351
Morehead metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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