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$ 1,100,000
Active
35 Stonecrest Street Morehead, KY 40351
1,900 SqFt
UPDATED:
Key Details
Property Type Vacant Land, Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Square Footage 1,900 sqft
Price per Sqft $578
Subdivision Rural
MLS Listing ID 26008030
Year Built 2022
Lot Size 14.900 Acres
Acres 14.9
Property Sub-Type Business
Property 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.
Location
State KY
County Rowan
Zoning Other
Exterior
Utilities Available Electricity Available, Sewer Available, Water Available
View Y/N N
Roof Type Shingle
Handicap Access No
Private Pool No
Building
Sewer Public Sewer
New Construction Yes
Listed by Paragon Realty Partners
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