$485,000
( $505.21Per Sq Foot )
 $2,604 est/mo Sourced by Back At You

7325 Flemingsburg Road,Morehead, KY 40351

Morehead, KY 40351

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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.

Details

MLS #25503354
Listing TypeFor Sale
StyleMixed Use
Sub-TypeResale
StatusActive
Year9999
Days On Site357
Listing Provided BySimpliHOM | Tamara Hurst

Features

SQ Feet960
Building(s)3
ZoningOther
Acreage27.48

Exterior

Construction MaterialsWood Siding

Parking

Attached Garage Yes / NoNo
Parking FeaturesOn Site, Paved

Utilities

UtilitiesElectricity Available, Natural Gas Available, Propane Connected, Sewer Available, Water Available

Area Information

StateKY
CountyRowan
CityMorehead
Zip Code40351
Area061 Rowan County
SubareaRowan County
Community NameRural
Listing VS Median (in Rural)
Price:
$485,000
low | high
Med:
$299,900
88.164948453608% of Average
sqft:
960
low | high
Med:
2,128
71.614583333333% of Average
$ / sqft:
$505
low | high
Med:
$157
100% of Average
On site:
357
low | high
Med:
81.5
100% of Average
Sourced by Back At You

Market Activity 40351

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Learn More About This Property

StateKY
CountyRowan
CityMorehead
Zip Code40351
Area061 Rowan County
SubareaRowan County
Community NameRural
Listing VS Median (in Rural)
Price:
$485,000
low | high
Med:
$299,900
88.164948453608% of Average
sqft:
960
low | high
Med:
2,128
71.614583333333% of Average
$ / sqft:
$505
low | high
Med:
$157
100% of Average
On site:
357
low | high
Med:
81.5
100% of Average
Sourced by Back At You
Listing Updated: September 29, 2026 at 3:29:01 AM PDT