0 Silver Lake Drive
Mt Sterling, KY, 40353 $ 2,600,000
Baths0.0 Monthly Estimate*
$ 16,221
Studio for $2,600,000. The lot size is 5.2.
Discover an exceptional opportunity to buy or lease prime waterfront commercial lots in the thriving community of Mount Sterling, Kentucky. Strategically positioned just off Maysville Road and I-64 at Exit 110, this 5.2-acre Class A commercial property offers unparalleled visibility and accessibility in Montgomery County. Can be subdivided into smaller lots, inquire for lot pricing. Boasting a rare and coveted waterfront view, the entire property is accentuated by a stunning seasonal water fountain, creating an inviting ambiance for businesses and visitors alike. The site adjoins well-established establishments such as Cattleman's Roadhouse, Comfort Inn & Suites, and Ramada Inn, while Cracker Barrel, Shell, Krystal, and People's Bank thrive within the same development, alongside approximately 200 residences. Hotel guests will enjoy the convenience of walking to your restaurant or other commercial venture. With the flexibility to subdivide the property, this versatile listing is currently zoned B-2 and has secured city approvals for the construction of 80 apartments. However, the seller welcomes a diverse range of developments, including restaurants, hotels, banks,. credit unions, grocery stores, gas stations, car washes, car dealerships, and various other businesses. The location presents an ideal setting for a distillery, brewery, or strip shopping center, further enhanced by the wet territory designation, allowing for the sale of beer, wine, and liquor by the drink. Benefit from the availability of all essential utilities, including electric, water, sewer, natural gas, and broadband internet. The property's close proximity to CHI Saint Joseph Hospital Mount Sterling, a 42-bed medical facility, adds to its appeal and potential customer base. Seize this rare chance to own or lease a premier commercial property in a high-traffic, amenity-rich location, perfect for elevating your business vision to new heights. Schedule a showing to explore the endless possibilities that await at this Mount Sterling gem.
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FeaturesGeneralUtilities Electricity Available Natural Gas Available Sewer Available Water Available
Property Subtype Unimproved Land
Parcel Number 023-40-01-021.00
Elevation 986
County Montgomery
New Construction N
Property Type Land
Subdivision Name Silver Creek
Status Active
Directions Coming from Lexington: I-64 Exit 110 turn left off the off ramp then proceed approximately 0.3 of a mile to Silver Lake Drive then turn left and the lots are located behind Cattleman's Roadhouse.
City Mt Sterling
Zoning Description B-2 Highway Business
MLS Area 018 - Montgomery County
Lot Size Units Acres
Lot Size Square Feet 226512.0
Land Lease Y/N N
MLS Area Minor 018 - Montgomery County
Additional Parcels Y/N Y
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Senior Community None
Water Body Access Y/N None
Accessibility Features Y/N None
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ExteriorLot Size Area 5.2
Lot Dimensions 368 x ?
Lot Size Acres 5.2
Crops Included Y/N N
Irrigation Water Rights Y/N N
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $16,221
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyLots and land listings in Mt Sterling, KY
Average List Price $399,433
Percent of Sale Price 85%
Trends Information provided by ATTOM Data Solutions.
458656 Elementary School
458772 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 4/4/2025 | $2,600,000 | | Listed Price |