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: 8/14/2026 Last Modified: 8/14/2026

Overview

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 adjus ...

Listing Details MLS# 26008030

Listing Information

Comp Sale YN
No
Property Sub Type
Business

Status Change Information

Price Change Timestamp
2026-05-15T00:10:42Z
Status Change Timestamp
2026-08-14
Back on Market Date
2026-08-14

Address

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

Contract

Original List Price
1300000
Start Showing Date
2026-04-15
Listing Contract Date
2026-04-15
Listing Agreement
Exclusive Right To Sell
Occupant Type
Vacant
Office Exclusive YN
No
List Price/SqFt
578.95

Tax Legal

MLS Area Major
061 - Rowan County
Subdivision Name
Rural

Interior

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

More Information

Building

Basement YN
No
Year Built
2022
Stories Total
Yes
Accessibility Features YN
No

Lot

Lot Size Acres
14.9
Lot Size Square Feet
649044

Utilities

Cooling YN
No
Heating YN
No

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.

Showing Information

Showing Instructions
ShowingTime Call Agent

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: August - 14 - 2026
Information deemed reliable but not guaranteed.