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Property profile & analytics
OFF-MARKET
Commercial real estate

2699 Ky 801 Hwy Morehead, KY 40351

1 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 1-acre commercial lot, situated at 2699 N KY 801 Highway Unit 8 in Morehead, Kentucky, presents a unique investment opportunity. Located on a rapidly developing section of the I-64 corridor, this property offers unparalleled visibility and accessibility. Its prime location ensures high traffic volume, making it perfect for a diverse range of businesses. Imagine establishing a retail outlet, restaurant, coffee shop, car rental agency, or healthcare facility in this thriving area. The lot's versatility allows for a wide array of commercial uses. The property's strategic placement provides convenient access to I-64, guaranteeing excellent exposure to a large customer base. This lot can be purchased individually or as part of a larger acquisition, offering flexibility for investors seeking to tailor their investment strategy. Long-term leasing options are also available. The surrounding area boasts a vibrant community with numerous amenities, including Cave Run Lake, AppHarvest, American Stave Company, Rowan County Airport, the future site of Eastern Light Distillery Expansion (projected completion 2025), Morehead State University, and a future county park, as well as residential neighborhoods. This combination of high traffic, convenient access, and a thriving community makes this property an exceptional investment opportunity with significant long-term potential. The asking price is $350,000.

Property profile
Verified
Property type Commercial real estate
Lot 1 ac (43,560 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
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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