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    2550 Ky-801 Morehead, KY 40351

    For Sale
    $2,500,000

    21 Acres, High-Visibility Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 21.38-acre parcel of agricultural land presents a unique development opportunity in Morehead, Kentucky. Strategically located on KY-801, just 0.3 miles from the I-64 interchange, this property boasts nearly 700 feet of road frontage, ensuring excellent visibility and accessibility. Its prime location offers convenient access to Cave Run Lake and Daniel Boone National Forest, attracting hundreds of thousands of visitors annually. The absence of zoning restrictions allows for flexible development options, including retail, hospitality, industrial, recreational, residential, or mixed-use projects. This area is experiencing significant growth, evidenced by recent large-scale investments in the region, such as the AppHarvest Greenhouse, Commonwealth Cooperage, and the upcoming Eastern Light Distilling project. The property's proximity to Morehead State University, Rowan County Airport, and the MMRC Industrial Park further enhances its appeal. The asking price is $2,500,000. An additional 73 acres of adjacent land are also available for purchase. This presents a compelling investment opportunity in a thriving Kentucky community.

    Property Features for 2550 Ky-801

    General Information

    Property type
    Farms
    Lot Size
    931,313 SF

    HighLights

    • 21‑acre development site with significant potential.
    • High visibility and frontage on KY‑80.
    • Conveniently located 3 miles from I‑64.
    • Flexible zoning allows for diverse uses.
    • Minutes from Cave Run Lake and Morehead State University.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Morehead
    County
    Rowan
    State
    Kentucky
    Longitude
    -83.3789389
    Latitude
    38.2563616

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    FAQs

    What type of property is this?
    Farm - 21 Acres, High-Visibility Location
    Where is this farm 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.
    What are key features of this property?
    This property features: 21-acre development site with significant potential.; High visibility and frontage on KY-80.; Conveniently located 3 miles from I-64.
    Request Owner's contact information
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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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