1100 KY-801, Morehead, KY 40351 (MLS# 23012905)

1100 KY-801, Morehead, KY 40351

$1,900,000

Property Type: Commercial Sale Square Footage: 9,315 Lot Size (sq. ft.): 108,900 Status: Closed

Current Price: $1,900,000 List Date: 7/10/2023 Last Modified: 9/03/2025

Overview

Description

Great Income Producing Business in a Much Needed Market. The Main Assisted Living Building is 9,315 Square Feet with 16 Rooms each with their own restroom. Facility has Commercial Kitchen, Commercial Laundry, Meeting Rooms, Massive Foyer, Gazebo, Front and Rear Covered Areas along with Seating on Each End of the Building. Abundant Parking and an Extra 2 Bedroom, 2 Bath, 2 Living Room Home and a 3 Car Detached Garage, 1 Bedroom, 1 Bath Rental Cabin. Located in one of the Fastest Growing Areas of Rowan County, close to I-64, Cave Run Lake, American Stave Company and AppHarvest, along with still only being 15 minutes from center or Morehead. Anyone that asked to see income numbers must sign a confidentiality document.

Listing Details MLS# 23012905

Listing Information

Comp Sale YN: No
Property Sub Type: Business

Status Change Information

Status Change Timestamp: 2023-07-10
Purchase Contract Date: 2023-06-19
Close Date: 2023-07-07
Close Price: 1900000
Buyer Financing: Conventional
Sale Type: Arms Length Sale

Address

County: Rowan
Street Number: 1100
Street Name: KY-801
State: KY
Zip Code: 40351
Parcel Number: 022-00 00 013.00

Contract

Original List Price: 2000000
Start Showing Date: 2023-07-10
Listing Contract Date: 2023-04-04
Listing Agreement: Exclusive Right To Sell
Occupant Type: Tenant
Office Exclusive YN: No
List Price/SqFt: 214.71
Sold Price/SqFt: 203.97
SP/LP: 0.95

Tax Legal

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

Interior

Building Area Total: 9315

More Information

Parking Information

Parking Total: 20

Building

Year Built: 2000
Stories Total: Yes

Lot

Lot Size Acres: 2.5
Lot Size Square Feet: 108900

Utilities

Cooling YN: Yes
Phone Available: Yes

Remarks

Public Remarks: Great Income Producing Business in a Much Needed Market. The Main Assisted Living Building is 9,315 Square Feet with 16 Rooms each with their own restroom. Facility has Commercial Kitchen, Commercial Laundry, Meeting Rooms, Massive Foyer, Gazebo, Front and Rear Covered Areas along with Seating on Each End of the Building. Abundant Parking and an Extra 2 Bedroom, 2 Bath, 2 Living Room Home and a 3 Car Detached Garage, 1 Bedroom, 1 Bath Rental Cabin. Located in one of the Fastest Growing Areas of Rowan County, close to I-64, Cave Run Lake, American Stave Company and AppHarvest, along with still only being 15 minutes from center or Morehead. Anyone that asked to see income numbers must sign a confidentiality document.

Showing Information

Showing Instructions: 48 Hour Notice - Potential Buyers must have a Pre-Qualification Letter prior to showing.

Tax & Legal

Tax Rate: 0.886
Zoning Description: No County Zoning
Directions: KY 801 South for 1.1 Miles off US 60

Association/Community

Number Of Buildings: 3

Construction Materials

Wood Siding: Yes

Possession

Close Of Escrow: Yes

Roof

Composition: Yes
Shingle: Yes

Water Heater

Water Heater: Yes

Building Features

Partially Carpeted: Yes

Business Type

Commercial: Yes
Hotel/Motel: Yes
Other: Yes

Ceiling

Drywall: Yes

Existing Lease Type

Gross: Yes

Sale Includes

Building(s): Yes
Business: Yes
Equipment: Yes
Fixtures: Yes
Furniture: Yes
Inventory: Yes
Land: Yes
Leases: Yes
Licenses: Yes

Property Features

Utilities: Phone Available; Phone Available Building Features: Partially Carpeted Business Type: Commercial; Hotel/Motel; Other Ceiling: Drywall Construction Materials: Wood Siding Existing Lease Type: Gross Possession: Close Of Escrow Roof: Composition; Shingle Sale Includes: Building(s); Business; Equipment; Fixtures; Furniture; Inventory; Land; Leases; Licenses Water Heater: Water Heater

Listing Office: C Roger Lewis Agency

Last Updated: September - 03 - 2025

Information deemed reliable but not guaranteed.