35 Stonecrest Street Morehead, KY $ 1,100,000
35 Stonecrest Street
$ 1,100,000
New Construction
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35 Stonecrest Street

Morehead, KY, 40351
$ 1,100,000
Bedrooms-- Baths--

Monthly Estimate*

$ 6,773

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Commercial Property for sale in Morehead, KY

for $1,100,000. This building was built in 2022 on a lot size of 14.9.

This exceptional property presents a ready-to-advance residential development spanning 14.9 acres, with significant groundwork already completed. The project was originally planned for 37 residential lots, with one home already built and sold, demonstrating proven market demand. A second, beautifully designed spec home is nearly complete and currently included, and the footer is completed for a third home, adding immediate value and momentum for the next owner or developer. The seller indicates that utility infrastructure is complete for 22 of the 37 lots, including sewer, water, electric, data, and cable. The development is ready for base blacktop, with manhole covers already purchased and some gravel in place, substantially reducing upfront costs and accelerating development timelines. This property is also available for purchase without the spec home included (see MLS #26013104), offering added flexibility for builders or developers seeking to customize construction plans or adjust capital allocation. Ideally located just 2 miles from I-64, less than 1 mile from Eagle Trace Golf Course, and under 10 miles from Cave Run Lake, this development offers strong appeal to future homeowners seeking convenience, recreation, and quality surroundings. A rare opportunity to step into a partially completed, well-located residential development with infrastructure, flexibility, and momentum already in place - ideal for builders, developers, or investors.

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Commercial Active

Price

$ 1,100,000

Property Type

Commercial

Taxes

$ 0

Style

Business

Lot Size

14.9

Year Built

2022

Town/City

Morehead

County/Region

Rowan

MLS | Web ID

26008030

Features
General
Sewer Public Sewer
Utilities Electricity Available Sewer Available Water Available
Possession Negotiable
Roof Shingle
Zoning Other
Construction Materials Vinyl Siding
Year Built 2022
Property Subtype Business
Parcel Number 011-00 00 013.03
Business Type Other
County Rowan
New Construction Y
Property Type Commercial Sale
Subdivision Name Rural
Status Active
Directions From Lexington- take I-64 east to Exit 133 and turn left onto Highway 801 north; drive 2 miles and turn left onto Bluebank Rd.;. drive .2 mile and turn right onto Stonecrest St.
City Morehead
MLS Area 061 - Rowan County
Lot Size Units Acres
Lot Size Square Feet 649044.0
Land Lease Y/N N
Property Condition New Construction
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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Exterior
Lot Size Area 14.9
Number of Buildings 1
Building Area Total 1900.0
Lot Size Acres 14.9
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 1
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Total Baths 0
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Internal Only
Street Number 1 35
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* Excluded Features
List By
Paragon Realty Partners

Broker

jill.realtor22@gmail.com

Email

Affordability Calculator

$6,773
Per Month
100%
0%
0%
Monthly Principal & Interest
$6,773
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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.
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Nearby
458656 Elementary School
458772 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/15/2026$1,100,000 -15.38% Price Down
4/16/2026$1,300,000 Listed Price

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35 Stonecrest Street, Morehead, KY, 40351 is a Commercial Property for sale at $1,100,000 with a lot size of 14.9. 35 Stonecrest Street was built in 2022. The property's zip code is 40351 which is in Morehead, KY