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    2330 Flemingsburg Rd Morehead, KY 40351

    Sponsored
    For Sale
    $1,200,000

    Prime 1.49-acre commercial lot. High traffic, ideal location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.49-acre commercial land parcel presents a remarkable investment opportunity in Morehead, Kentucky. Located at 2330 Flemingsburg Rd, this property boasts a highly desirable B2 - Business Commercial zoning designation. Its strategic position offers unparalleled accessibility, situated just 0.8 miles from Interstate 64, a major thoroughfare with over 21,815 vehicles passing daily. This ensures significant visibility and convenient access for potential businesses. The property benefits from its proximity to established retail giants, including Walmart and Dollar Tree, further enhancing its appeal and potential for success. Additional nearby businesses include Kroger, Lowe's, and McDonald's, creating a vibrant and thriving commercial environment. The 40351 zip code provides easy access to a strong local market and regional transportation networks. This exceptional location and zoning make this land ideal for a wide range of commercial developments. The asking price is $1,200,000. Don't miss this chance to acquire a prime piece of commercial real estate in a rapidly growing area.

    Property Features for 2330 Flemingsburg Rd

    General Information

    Property type
    Land
    Lot Size
    64,904 SF

    HighLights

    • $1,200,000 asking price.
    • 1.49‑acre commercial land parcel.
    • B2 Business Commercial zoning.
    • High traffic location, 0.8 miles from I‑64 (21,815 VPD).
    • Excellent visibility and proximity to major retailers including Walmart, Dollar Tree, Kroger, Lowe's, and McDonald's.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Spa & Massage Building Supply Hair Salon Auto Repair Shop Wholesale Shop Gym & Fitness Nail Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Morehead
    County
    Rowan
    State
    Kentucky
    Longitude
    -83.477717
    Latitude
    38.200938

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    FAQs

    What type of property is this?
    Land - Prime 1.49-acre commercial lot. High traffic, ideal location.
    Where is this land located?
    The property is located at 2330 Flemingsburg Rd Morehead, KY.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: $1,200,000 asking price.; 1.49-acre commercial land parcel.; B2 Business Commercial zoning.
    (859) 266-1414
    Request Owner's contact information
    2330 Flemingsburg Rd 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
    2330 Flemingsburg Rd Morehead, KY 40351
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