7325 Flemingsburg Road
Morehead, KY, 40351 $ 825,000
Bedrooms-- Baths-- Sq 960 Monthly Estimate*
$ 5,147
for $825,000. This 960 square foot building was built on a lot size of 27.48.
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!
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FeaturesGeneralUtilities Electricity Available Natural Gas Available Propane Available Sewer Available Water Available
Possession Close Of Escrow
Zoning Other
Construction Materials Wood Siding
Year Built 9999
Tenant Pays Interior Maintenance Water Sewer Exterior Maintenance Electricity Common Area Maintenance
Property Subtype Mixed Use
Parcel Number 028-00 00 001.14 and 028-00 00 001.02
Gross Income 5400.0
Business Type Retail
County Rowan
New Construction N
Property Type Commercial Sale
Attached Garage N
Subdivision Name Rural
Status Active
Directions Take exit 137 off I64 to 32 Flemingsburg Road approximately 5.27 miles. You will find the property on the left at the corner of Flemingsburg Rd and Maxey Flats (all behind the houses and trophy shop)
City Morehead
Zoning Description Flexible
MLS Area 061 - Rowan County
Lot Size Units Acres
Lot Size Square Feet 1196811.0
Land Lease Y/N N
MLS Area Minor 061 - Rowan County
Lease Considered Y/N N
Rent Control Y/N N
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Senior Community None
Water Body Access Y/N None
Accessibility Features Y/N None
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ExteriorParking Features On Site Paved
Total Parking 4.0
Lot Size Area 27.48
Number of Buildings 3
Building Area Total 960.0
Lot Size Acres 27.48
Crops Included Y/N N
Irrigation Water Rights Y/N N
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InteriorBasement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Total Baths 0
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $5,147
- 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 NearbyCommerical listings in Morehead, KY
Average List Price $726,233
Percent of Sale Price 12%
About Morehead, KY 7,341 Population
24% Since 2002
$ 32,952 Median Income
25.14 Median Age
20% Households with Children
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 |
|---|
| 10/23/2025 | $825,000 | -25.00% | Price Down |
| 10/9/2025 | $1,100,000 | | Listed Price |