40 Cranston Rd Morehead, KY 40351
- Commercial real estate
- 40.00 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 40 Cranston Rd
- Lot size
- 40.00 lot acres
- Property type
- Commercial real estate
Description
This exceptional 40-acre parcel of cleared, level land presents a remarkable opportunity for commercial or residential development in Morehead, Kentucky. Located on Cranston Road, the property boasts convenient access to essential utilities, including three-phase power, natural gas, electricity, and rural water. Its flat topography simplifies construction and site preparation, minimizing potential development challenges. The presence of a small pond adds a unique aesthetic feature, while a creek bordering the rear of the property provides a natural boundary and potential environmental benefits. The expansive acreage offers significant flexibility for a wide range of projects, from large-scale commercial ventures to smaller-scale residential developments. Given its size, utility access, and desirable location, this property represents a rare and valuable opportunity for investors and developers seeking a strategic land acquisition in a growing area. The property's accessibility and infrastructure make it an ideal location for a variety of commercial uses, while its size also allows for substantial residential development potential. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. The asking price is $325,000.
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
- -83.473
- Latitude
- 38.2047
