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    Ky 801 Clearfield, KY 40351

    For Sale
    $8,900,000

    73 Acres, I-64 Access, High Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 73-acre parcel presents a unique development opportunity in Morehead, Kentucky. Strategically located along KY-801, just 0.4 miles from the I-64 interchange, this property boasts nearly 1,000 feet of road frontage, ensuring high visibility and convenient access. Its prime location offers easy connectivity to Cave Run Lake and Daniel Boone National Forest, attracting hundreds of thousands of visitors annually. The absence of zoning restrictions unlocks a wide range of development possibilities, including retail, hospitality, industrial, recreational, residential, or mixed-use projects. This area is experiencing significant growth, evidenced by recent substantial investments in nearby projects such as the AppHarvest Greenhouse, Commonwealth Cooperage, and the upcoming Eastern Light Distilling facility. The property's proximity to the Rowan County airport, Maysville Community College, and the MMRC Industrial Park further enhances its appeal. This is a rare chance to capitalize on the burgeoning economic activity and tourism in this rapidly developing region of Kentucky. The asking price is $8,900,000.

    Property Features for 0 Ky 801

    General Information

    Property type
    Farms
    Lot Size
    3,179,880 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Clearfield
    County
    Rowan
    State
    Kentucky
    Longitude
    -83.55567
    Latitude
    38.17425

    Nearby Comparable

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    FAQs

    What type of property is this?
    Farm - 73 Acres, I-64 Access, High Potential
    Where is this farm located?
    The property is located at Ky 801 Clearfield, KY.
    What is the asking price?
    The asking price for this property is $8,900,000.
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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
    Ky 801 Clearfield, KY 40351
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