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7325 Flemingsburg Road, Morehead, KY 40351
$575,000
Property Type:
Commercial Sale
Square Footage:
960
Lot Size (sq. ft.):
1,196,811
Status:
Active
Current Price:
$575,000
List Date:
10/09/2025
Last Modified:
5/30/2026
Description
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! *Some Photos/videos are AI renders to inspire vision.
Supplements: ********
More Information MLS# 25503354
Listing Information
Comp Sale YN: No
Property Sub Type: Mixed Use
Address
Parcel Number: 028-00 00 001.14 and 028-00 00 001.02
County: Rowan
Street Number: 7325
Street Name: Flemingsburg
Street Suffix: Road
State: KY
Zip Code: 40351
Contract
Start Showing Date: 2025-10-09
Listing Agreement: Exclusive Right To Sell
Occupant Type: Tenant
Office Exclusive YN: No
List Price/SqFt: 598.96
Current Price: $575,000
Original List Price: 1100000
Status: Active
Listing Contract Date: 2025-10-09
List Price: $575,000
Tax & Legal
Tax Rate: 0.853
Zoning: Other
Zoning Description: Flexible
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).
Association/Community
Number Of Buildings: 3
Interior
Living Area Units: Square Feet
Building Area Total: 960
Building Area Source: Assessor
Building Area Units: Square Feet
Parking Information
Parking Total: 4
Building
Accessibility Features YN: No
Year Built: 9999
Lot
Lot Size Acres: 27.475
Lot Size Square Feet: 1196811
Road Frontage Feet: 1200
Utilities
Electricity Available: 1
Natural Gas Available: 1
Propane: 1
Sewer Available: 1
Water Available: 1
Remarks
Public Remarks: 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! *Some Photos/videos are AI renders to inspire vision.
Construction Materials
Wood Siding: 1
Parking Features
On Site: 1
Paved: 1
Possession
Close Of Escrow: 1
Showing Considerations
Pet(s) on Premises: 1
Building and Property Details
Retail SqFt: 960
Income and Expenses
Gross Income: 5400
Other Income: 6600
Business Type
Retail: 1
Sale Includes
Building(s): 1
Land: 1
Tenant Pays
Common Area Maintenance: 1
Electricity: 1
Exterior Maintenance: 1
Interior Maintenance: 1
Sewer: 1
Water: 1
Showing Requirements
Call Listing Agent: 1
Showing Service: 1
Showing Information
Showing Instructions: ShowingTime with 2 hours notice for business and home tenant notification.
Status Change Information
Price Change Timestamp: 2026-05-30T16:05:48Z
Status Change Timestamp: 2025-10-09
Tax Legal
MLS Area Major: 061 - Rowan County
Subdivision Name: Rural
Property Features
Utilities: Electricity Available; Natural Gas Available; Propane; Sewer Available; Water Available; Electricity Available; Natural Gas Available; Propane; Sewer Available; Water Available
Business Type: Retail
Construction Materials: Wood Siding
Parking Features: On Site; Paved
Possession: Close Of Escrow
Sale Includes: Building(s); Land
Showing Considerations: Pet(s) on Premises
Tenant Pays: Common Area Maintenance; Electricity; Exterior Maintenance; Interior Maintenance; Sewer; Water
Showing Requirements: Call Listing Agent; Showing Service
Listing Office:
SimpliHOM
Last Updated: May - 30 - 2026
Information deemed reliable but not guaranteed.

