35 Stonecrest Street, Morehead, KY 40351

$1,100,000
Property Type: Commercial Sale Square Footage: 1,900 Lot Size (sq. ft.): 649,044 Status: Active
Current Price: $1,100,000 List Date: 4/16/2026 Last Modified: 6/07/2026

Description

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.

Supplements: ********

More Information MLS# 26008030

Listing Information

Comp Sale YN: No Property Sub Type: Business

Address

Parcel Number: 011-00 00 013.03 County: Rowan Street Number: 35 Street Name: Stonecrest Street Suffix: Street State: KY Zip Code: 40351

Contract

Start Showing Date: 2026-04-15 Listing Agreement: Exclusive Right To Sell Occupant Type: Vacant Office Exclusive YN: No List Price/SqFt: 578.95 Current Price: $1,100,000 Original List Price: 1300000 Status: Active Listing Contract Date: 2026-04-15 List Price: $1,100,000

Tax & Legal

Tax Rate: 0.837 Zoning: Other 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.

Association/Community

Number Of Buildings: 1

Interior

Living Area: 0 Living Area Units: Square Feet Living Area Source: Public Records Building Area Total: 1900 Building Area Source: Other Building Area Units: Square Feet

Building

Basement YN: No Stories Total: 1 Accessibility Features YN: No Year Built: 2022

Lot

Lot Size Acres: 14.9 Lot Size Square Feet: 649044

Utilities

Cooling YN: No Heating YN: No Electricity Available: 1 Sewer Available: 1 Water Available: 1

Remarks

Public Remarks: 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.

Construction Materials

Vinyl Siding: 1

Possession

Negotiable: 1

Property Condition

New Construction: 1

Roof

Shingle: 1

Sewer

Public Sewer: 1

Showing Considerations

Electricity Not On: 1 No Exterior Lighting: 1

Business Type

Other: 1

Sale Includes

Land: 1 Other: 1

Showing Requirements

Call Listing Agent: 1 Showing Service: 1

Showing Information

Showing Instructions: ShowingTime Call Agent

Status Change Information

Price Change Timestamp: 2026-05-15T00:10:42Z Status Change Timestamp: 2026-04-15

Tax Legal

MLS Area Major: 061 - Rowan County Subdivision Name: Rural

Property Features

Utilities: Electricity Available; Sewer Available; Water Available; Electricity Available; Sewer Available; Water Available Business Type: Other Construction Materials: Vinyl Siding Possession: Negotiable Property Condition: New Construction Roof: Shingle Sale Includes: Land; Other Sewer: Public Sewer Showing Considerations: Electricity Not On; No Exterior Lighting Showing Requirements: Call Listing Agent; Showing Service
Listing Office: Paragon Realty Partners
Last Updated: June - 07 - 2026
Information deemed reliable but not guaranteed.