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Property profile

2703 Ky 801 Hwy Morehead, KY 40351

OFF-MARKET
Commercial real estate
1 ac lot
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Property summary

AI-generated overview

This exceptional 1-acre commercial lot, situated at 2703 N KY 801 Highway Unit 10 in Morehead, Kentucky, presents a unique investment opportunity. Located on the rapidly developing I-64 corridor, one of Kentucky's fastest-growing intersections, this property offers unparalleled visibility and accessibility. Its prime location ensures high traffic volume, making it ideal for a diverse range of businesses, including retail, restaurants, coffee shops, car rental agencies, or healthcare facilities. The lot's versatility allows for customization to suit individual business needs and expansion plans. The property benefits from convenient access to I-64, maximizing exposure to a large customer base. This lot can be purchased individually or as part of a larger acquisition, providing flexibility for investors. Long-term leasing options are also available. The surrounding area boasts a thriving community with numerous amenities, including Cave Run Lake, AppHarvest, American Stave Company, Rowan County Airport, the future site of Eastern Light Distillery Expansion (projected completion 2025), Morehead State University, and a future county park, as well as residential areas. This strategic location ensures a strong customer base and a promising return on investment. The asking price for this exceptional property is $450,000.

Property profile

Verified
Property type Commercial real estate
Lot 1 ac (43,560 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2703 Ky 801 Hwy Morehead, KY 40351
Morehead metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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