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29026876
29026877

7325 Flemingsburg Road, Morehead, KY 40351

TH
KY 272958
SimpliHOM
Listed by SimpliHOM
$575,000
242 days on market
Updated 9 days ago

27 acres with 960 Sq Ft Commercial Building on Busy Highway

Details
Property Type Land, Mixed Use
Sub Type Commercial, Farm (+1)
Price Per Acre $33,000
Broker Co-Op Yes
Buildings 3
Acreage 27.475
Zoning Flexible

960 sf Commercial Bldg with Land | 27.475 acres

Marketing 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

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. Rent income is currently $550 on the farmhouse.

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!

Listing Contacts

TH
KY 272958
SimpliHOM
Listed by SimpliHOM

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Additional Information

Name
Tamara Hurst
License
272958
Brokerage
eXp Realty
Brokerage Phone
502-229-3378
Title
REALTOR
Brokerage Address
401 West Main Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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