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7325 Flemingsburg Road, Morehead, KY 40351

$775,000
  • 7325 Flemingsburg Road, Morehead, KY 40351 Main Photo

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Active
SQUARE FEET960 MLS#25503354
STATUS PROPERTY TYPECommercial - Business SUBDIVISIONRural

Property Description

Discover a unique opportunity with this versatile 960 ft?? 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.

7325 Flemingsburg Road | MLS# 25503354

This commercial property located at 7325 Flemingsburg Road, Morehead, KY 40351 is currently listed for sale with an asking price of $775,000. Search Morehead real estate on ttaylor.salliedavidson.com today.

Property Features

Property Type: Commercial - Business
Lot Size: 27.48 Acres

Feature Descriptions

Business Type: Retail
Days on Site: 181
Exterior: Wood Siding
Lot Dimensions: 27.475 acre(s)
Parcel #: 028-00 00 001.14 and 028-00 00 001.02
Parking Notes: On Site, Paved
Tenant Pays: Common Area Maintenance, Electricity, Exterior Maintenance, Sewer, Water, Interior Maintenance
Utilities: Electricity Available, Natural Gas Available, Sewer Available, Water Available, Propane

Listed By / Shown By

Listed By

Agency Name: SimpliHOM

Shown By

Agent Name: Treva Taylor
Agent Phone: (606) 309-4909
Agency Title: SALLIE DAVIDSON, REALTORS

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