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    2550 Ky 801 Morehead, KY 40351

    For Sale
    $2,500,000

    21 Acres, High Visibility, Development Ready

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional 21.38-acre commercial property enjoys unparalleled visibility, situated directly off KY 801, within sight of I-64 and the Farmers/Sharkey exit. Its strategic location places it at the heart of Rowan County's burgeoning commercial sector, benefiting from high traffic counts and proximity to key attractions and businesses. The property is ideally positioned to capitalize on the growing tourism related to Cave Run Lake Recreation Area and the increasing commercial activity along the KY 801 corridor. Within a three-mile radius, you'll find a diverse range of established businesses, including an auto dealership, truck stop, Rowan County airport, Eagle Trace golf course, AppHarvest, Eastern Light Distillery, Commonwealth Cooperage, Maysville Community College, and a Family Dollar distribution center. Future development is further enhanced by the planned Rowan County Park and Recreation Center. The land itself is entirely level and buildable, although partially wooded, offering flexibility for a variety of commercial ventures. An additional 73 acres is also available for purchase, presenting a significant expansion opportunity for larger-scale projects. This property represents a rare chance to acquire a substantial parcel of prime commercial real estate in a rapidly developing area. Its strategic location, accessibility, and surrounding infrastructure make it an exceptional investment opportunity.

    Property Features for 2550 Ky 801

    General Information

    Property type
    Other commercial real estate
    Lot Size
    931,313 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Morehead
    County
    Rowan
    State
    Kentucky
    Longitude
    -83.5573
    Latitude
    38.17308

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    FAQs

    What type of property is this?
    Commercial real estate - 21 Acres, High Visibility, Development Ready
    Where is this commercial real estate located?
    The property is located at 2550 Ky 801 Morehead, KY.
    What is the asking price?
    The asking price for this property is $2,500,000.
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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
    2550 Ky 801 Morehead, KY 40351
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