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About This Home

This 0-bedroom, 0-bathroom commercial at 7325 Flemingsburg Road in Morehead, KY is listed for $775,000 ($807 per sqft). the home offers 960 sqft of living space on a 27.48 acres lot.

Agent Description

Discover a unique opportunity with this versatile 960 ft2 commercial building situated on a sprawling 27.475 acres of gently rolling farmland, featuring over 1,200 feet of road frontage along the bustling Highway 32. This prime location serves as a vital connector between Rowan and Fleming counties, offering excellent visibility and accessibility for various commercial ventures.

The land is predominantly cleared and currently maintained for hay production, presenting an ideal scenario for agricultural use while also opening doors for mixed-use development. The commercial building is complemented by a generous parking lot, ensuring ample space for customers or clients and providing seamless access to the expansive farmland.

In addition to the main structure, the property features a barn and a rental house, available for just $550 a month. While the rental house is in need of renovation, it presents an opportunity to continual additional income. Potential Uses This property is a blank canvas for a variety of potential uses, including: - Mixed-Use Commercial Development

: Ideal for businesses that benefit from high traffic visibility, such as retail outlets, restaurants, or service-oriented enterprises. - Agricultural Ventures: Continue the current hay production or explore other farming possibilities, including livestock or crop cultivation.

- Residential Real Estate Development: The gently rolling landscape is perfect for creating residential lots, enhancing the local housing market. - Recreational Facilities: Utilize the farmland for outdoor recreation, such as a farm-to-table venue, event space, or community gardens.

Investment Highlights -Prime Location: With over 1,200 feet of road frontage on a busy highway, this property ensures high visibility and easy access for potential customers or clients. - Versatile Property: The combination of commercial space, farmland, and residential rental potential allows for a diverse range of investment opportunities.

- Cleared and Maintained Land: The gently rolling farmland is ready for immediate use, minimizing preparation efforts for agricultural endeavors. - Utility Accessibility: While there are currently no utilities connected, gas, sewer, and water services are readily available with minimal effort to connect.

- Income Potential: The commercial building offer an opportunity to open a business in the hear term and generate cash flow. It is currently a successful trophy business. The rental house offers immediate cash flow, with the potential for increased income through renovation and enhancement.

This property presents an exceptional opportunity for investors and developers looking to capitalize on a prime location with diverse potential uses. Don't miss your chance to own a piece of land that combines commercial viability with agricultural charm! *Some Photos/videos are AI renders to inspire vision.

Key Features

  • 27.48 acre lot
  • 4 parking spaces

Property Details

4 spaces

Monthly Cost Estimate

$4,145/mo

20% down · 6.5% · 30 years

Principal$560
Interest$3,358
Insurance$226

Estimates only. Actual payments may vary.

Location

7325 Flemingsburg Road

Morehead, KY 40351

Rural

Property Details

Construction

Wood Siding

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 7325 Flemingsburg Road is listed at $775,000 ($807/sqft). The estimated monthly payment is $3,358 based on 20% down at 6.5% interest.

Key features include: 27.48 acre lot, 4 parking spaces.

This property is listed by Tamara Hurst and can be reached at 5022293378 or tamarahurst@simplihom.com.

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TH

Tamara Hurst

Agent at SimpliHOM

(502) 229-3378

Listed by SimpliHOM

MLS# 25503354· Source: listhub· Updated 183 days ago

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7325 Flemingsburg Road, Morehead, KY 40351

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