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.