1800 Rice Rd Morehead, KY 40351
This exceptional 24+ acre property presents a unique development opportunity in Rowan County, Kentucky. Located approximately two miles from Interstate 64 (Exit 133), this land boasts unparalleled accessibility, situated conveniently halfway between Lexington and Ashland, Kentucky. The strategic location offers easy access to major transportation routes, making it an ideal site for various commercial or residential ventures. The property's central position between two thriving cities provides access to a robust workforce and consumer base, promising significant growth potential. This expansive parcel is ready for immediate development, presenting a rare chance to capitalize on the burgeoning growth in this rapidly developing region of Kentucky. The address is 1800 Rice Road, Morehead, KY 40351, and the asking price is $269,900. This land offers a compelling investment opportunity for those seeking to establish a presence in a dynamic and strategically important location within Kentucky. The property is zoned for residential use.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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