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    OFF-MARKET
    Commercial real estate

    000 American Legion Way, Morehead, KY 40351

    2 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 2-acre commercial lot presents a unique investment opportunity in the thriving Morehead, Kentucky market. Located at 000 American Legion Way, this expansive property offers significant potential for a wide range of commercial developments. The substantial acreage provides ample space for construction, allowing for flexibility in design and functionality. Its strategic location within Morehead ensures high visibility and accessibility, making it an ideal site for businesses seeking a prominent presence in the community. The property's zoning (which should be independently verified) will dictate the permissible uses, but the size and location suggest a variety of possibilities, from retail and office spaces to light industrial or specialized commercial ventures. Given the current market conditions and the property's desirable characteristics, this represents a compelling investment opportunity with strong potential for future appreciation. Serious inquiries are encouraged to explore the possibilities and conduct due diligence to confirm suitability for their intended use. The asking price of $799,000 reflects the significant value and potential of this prime commercial land parcel. Interested parties should act quickly to secure this exceptional opportunity. Further information regarding utilities, access, and zoning regulations can be obtained through the appropriate channels.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 2 ac (87,120 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
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    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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