Technical
Financial
Distress signals
Property profile

2550 Ky-801 Morehead, KY 40351

OFF-MARKET
Land
21.38 ac lot
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Property summary

AI-generated overview

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 profile

Verified
Property type Land
Lot 21.38 ac (931,313 SF)

Cap rate & NOI

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

Location

2550 Ky-801 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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