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    000 American Legion Way Morehead, KY 40351

    For Sale
    $799,000

    2-Acre Commercial Lot - $799,000

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    312
    This exceptional 2-acre commercial lot presents a unique investment opportunity in the thriving Morehead, Kentucky market. Located at 000 American Legion Way, this expansive property offers significant potential for a wide range of commercial developments. The substantial acreage provides ample space for construction, allowing for flexibility in design and functionality. Its strategic location within Morehead ensures high visibility and accessibility, making it an ideal site for businesses seeking a prominent presence in the community. The property's zoning (which should be independently verified) will dictate the permissible uses, but the size and location suggest a variety of possibilities, from retail and office spaces to light industrial or specialized commercial ventures. Given the current market conditions and the property's desirable characteristics, this represents a compelling investment opportunity with strong potential for future appreciation. Serious inquiries are encouraged to explore the possibilities and conduct due diligence to confirm suitability for their intended use. The asking price of $799,000 reflects the significant value and potential of this prime commercial land parcel. Interested parties should act quickly to secure this exceptional opportunity. Further information regarding utilities, access, and zoning regulations can be obtained through the appropriate channels.

    Property Features for 000 American Legion Way

    General Information

    Property type
    Other commercial real estate
    Lot Size
    87,120 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Morehead
    County
    Rowan
    State
    Kentucky
    Longitude
    -83.4325
    Latitude
    38.1902

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    FAQs

    What type of property is this?
    Commercial real estate - 2-Acre Commercial Lot - $799,000
    Where is this commercial real estate located?
    The property is located at 000 American Legion Way Morehead, KY.
    What is the asking price?
    The asking price for this property is $799,000.
    (859) 800-7355
    Request Owner's contact information
    000 American Legion Way Morehead, KY 40351
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    Morehead, KY 40351
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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
    000 American Legion Way Morehead, KY 40351
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