2550 Ky-801 Morehead, KY 40351
- Land
- 21.38 lot acres
Current Use by Public Records
- Land
Property Details for 2550 Ky-801
- Lot size
- 21.38 lot acres
- Property type
- Land
- Property subtype
- Farms
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Morehead
- County
- Rowan
- State
- Kentucky
- Longitude
- -83.3789
- Latitude
- 38.2564
