Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- 30 reports a month
- Location Analytics
- Market Trends
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- 300 reports a month
- Location Analytics
- Market Trends
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
and get 1 Light Report
- Property Information
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Potential
- Location Insight
- Alternative use
- Local Zoning Insight