300 Pine Ridge Drive, Morehead, KY 40351
$3,500,000
Property Type:
Commercial Sale
Square Footage:
37,386
Lot Size (sq. ft.):
174,284
Status:
Active
Current Price:
$3,500,000
List Date:
10/19/2026
Last Modified:
10/19/2026
Listing Details MLS# 26028937
Listing Information
- Comp Sale YN
- No
- Property Sub Type
- Business
Status Change Information
- Status Change Timestamp
- 2026-10-19
Address
- County
- Rowan
- Street Number
- 300
- Street Name
- Pine Ridge
- Street Suffix
- Drive
- State
- KY
- Zip Code
- 40351
- Zip +4
- 1824
- Parcel Number
- 062-00 00 033.00
Contract
- Original List Price
- 3500000
- Start Showing Date
- 2026-10-19
- Listing Contract Date
- 2026-10-19
- Listing Agreement
- Exclusive Right To Sell
- Owner Name
- High Density Residential
- Occupant Type
- Tenant
- Office Exclusive YN
- No
- List Price/SqFt
- 93.62
Tax Legal
- MLS Area Major
- 061 - Rowan County
- Subdivision Name
- City Limits
Interior
- Living Area Units
- Square Feet
- Building Area Total
- 37386
- Building Area Source
- Appraiser
- Building Area Units
- Square Feet
More Information
Building
- Year Built
- 1978
- Accessibility Features YN
- No
Lot
- Lot Size Acres
- 4.001
- Lot Size Square Feet
- 174284
Utilities
- Cooling YN
- Yes
- Heating YN
- Yes
Remarks
- Public Remarks
- Pine Ridge Apartments - 48-Unit Multifamily Investment Opportunity! Located in Morehead, KY, this established apartment community offers an excellent opportunity for investors seeking to expand their multifamily portfolio. Situated on approximately 4 acres and surrounded by an additional 36 wooded acres, the property provides a peaceful residential setting with convenient accessibility. The community consists of 48 units, including 8 three-bedroom, 16 two-bedroom, and 24 one-bedroom apartments. Additional features include an on-site management office and resident laundry facility. Pine Ridge Apartments operates under a HUD housing program through the U.S. Department of Housing and Urban Development, offering an established affordable housing community with potential for long-term investment stability. With its diverse unit mix, existing infrastructure, and potential for operational improvements, this property presents an attractive investment opportunity. **Buyer must obtain HUD approval, and the property is subject to existing HUD program requirements and restrictions.
Showing Information
- Showing Instructions
- Required minimum 48 hour notice to show per KY law
Property Features
Utilities:
Electricity Connected; Sewer Connected; Water Connected; Electricity Connected; Sewer Connected; Water Connected
Business Type:
Commercial
Construction Materials:
Brick; Wood Siding
Cooling:
Electric
Heating:
Electric
Parking Features:
On Site; Paved
Possession:
See Remarks
Roof:
Shingle
Sale Includes:
Building(s); Business; Fixtures; Land; Leases
Sewer:
Public Sewer
Water Heater:
Electric
Showing Requirements:
Call Listing Agent; Listing Agent Must Accompany; Show Anytime
Listing Office:
HomeLand Real Estate Inc - Mt Sterling
Last Updated: October - 19 - 2026
Information deemed reliable but not guaranteed.