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320 Silver Lake Drive, Mt Sterling, KY 40353
New Listing
$745,000
Property Type:
Land
Lot Size (sq. ft.):
76,230
Status:
Active
Current Price:
$745,000
List Date:
6/30/2026
Last Modified:
6/30/2026
Description
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 1.75-acre Class A commercial property offers unparalleled visibility and accessibility in Montgomery County. Can be subdivided into larger or smaller acreage lots at $425,000/acre. A total of 5.2 acres is available for sale or ground lease. 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 Comfort Inn & Suites, while Cattleman's Roadhouse, Cracker Barrel, Ramada Inn, 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 Highway Business B-2, and the seller welcomes a diverse range of developments, including restaurants, hotels, grocery stores, car dealerships, banks, credit unions, gas stations, car washes, 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.
Supplements: ********
More Information MLS# 26015397
Listing Information
Comp Sale YN: No
Property Sub Type: Unimproved Land
Address
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 lot is located behind Cattleman's Roadhouse. This lot adjoins Ramada Inn.
Parcel Number: 023-40-01-021.02
County: Montgomery
Street Number: 320
Street Name: Silver Lake
Street Suffix: Drive
State: KY
Zip Code: 40353
Contract
Start Showing Date: 2026-06-30
Listing Agreement: Exclusive Right To Sell
Owner Name: Shannon Denniston
Owner Phone: 859-498-6309
Office Exclusive YN: No
List Price/Acre: 425714.29
List Price/SqFt: 9.77
Current Price: $745,000
Original List Price: 745000
Status: Active
Listing Contract Date: 2026-06-30
List Price: $745,000
Tax & Legal
Zoning: Other
Zoning Description: B-2 Highway Business
Lot
Number Of Lots: 1
Lot Size Acres: 1.75
Lot Size Square Feet: 76230
Road Frontage Feet: 230
Conservation Easement YN: No
View YN: Yes
Elevation: 986
Elevation Low: 980
Elevation Units: Feet
Utilities
Cable Available: 1
Electricity Available: 1
Natural Gas Available: 1
Phone Available: 1
Sewer Available: 1
Water Available: 1
Underground Utilities: 1
Remarks
Public Remarks: 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 1.75-acre Class A commercial property offers unparalleled visibility and accessibility in Montgomery County. Can be subdivided into larger or smaller acreage lots at $425,000/acre. A total of 5.2 acres is available for sale or ground lease. 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 Comfort Inn & Suites, while Cattleman's Roadhouse, Cracker Barrel, Ramada Inn, 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 Highway Business B-2, and the seller welcomes a diverse range of developments, including restaurants, hotels, grocery stores, car dealerships, banks, credit unions, gas stations, car washes, 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.
Listing Terms
1031 Exchange: 1
Cash: 1
Conventional: 1
Lease Option: 1
Lot Features
Cleared: 1
Gentle Sloping: 1
Level: 1
Special Listing Conditions
Standard: 1
View
Lake: 1
Neighborhood: 1
Water: 1
Current Use
Commercial: 1
Development: 1
Possible Use
Commercial: 1
Professional: 1
Property Details
Floodplain YN: No
Paved Street Available YN: Yes
Paved Street Width: 40
Easements YN: Yes
Showing Requirements
Show Anytime: 1
Showing Service: 1
Showing Information
Showing Instructions: All showings must be scheduled and approved via ShowingTime.
Status Change Information
Status Change Timestamp: 2026-06-30
Tax Legal
MLS Area Major: 018 - Montgomery County
Subdivision Name: Silver Creek
Property Features
Utilities: Cable Available; Electricity Available; Natural Gas Available; Phone Available; Sewer Available; Water Available; Underground Utilities; Cable Available; Electricity Available; Natural Gas Available; Phone Available; Sewer Available; Water Available; Underground Utilities
Current Use: Commercial; Development
Listing Terms: 1031 Exchange; Cash; Conventional; Lease Option
Lot Features: Cleared; Gentle Sloping; Level
Possible Use: Commercial; Professional
Special Listing Conditions: Standard
View: Lake; Neighborhood; Water
Showing Requirements: Show Anytime; Showing Service
Listing Office:
Denniston Realty
Last Updated: June - 30 - 2026
Information deemed reliable but not guaranteed.

