About 300 Pine Ridge Drive
Introducing Pine Ridge Apartments, a 48-unit multifamily investment opportunity offering scale, stable demand, and a peaceful natural setting. The property sits on approximately 4 acres and is surrounded by an additional 36 wooded acres, providing privacy while maintaining accessibility. The unit mix is well balanced to support diversified rental demand: Unit Breakdown: • 8 three-bedroom units • 16 two-bedroom units • 24 one-bedroom units Total: 48 units The community operates as HUD housing through the U.S. Department of Housing and Urban Development, offering consistent occupancy potential and dependable income streams. On-site amenities include a dedicated management office and a tenant laundry facility, enhancing convenience for residents and operational efficiency for ownership. This property presents an excellent opportunity for investors seeking a larger multifamily asset with established housing support, a strong unit mix, and room for operational or value-add improvements. Surrounded by wooded acreage, Pine Ridge Apartments combines income potential with a quiet, residential atmosphere.
Commercial Sale property for sale in Morehead, KY at 300 Pine Ridge Drive. This Commercial Sale property is priced at $94/sqft
Facts & Features of 300 Pine Ridge Drive
| MLS® # | 26002179 |
|---|---|
| Price | $3,500,000 |
| Square Footage | 37,386 |
| Acres | 40.00 |
| Year Built | 1978 |
| Type | Commercial Sale |
| Sub-Type | Business |
| Status | Pending |
Community Information of 300 Pine Ridge Drive
| Address | 300 Pine Ridge Drive |
|---|---|
| Area | 061 - Rowan County |
| Subdivision | City Limits |
| City | Morehead |
| County | Rowan |
| State | KY |
| Zip Code | 40351 |
Amenities of 300 Pine Ridge Drive
| Utilities | Electricity Connected, Sewer Connected, Water Connected |
|---|---|
| Parking | On Site, Paved |
| Is Waterfront | No |
| Has Pool | No |
Interior of 300 Pine Ridge Drive
| Heating | Electric |
|---|---|
| Cooling | Electric |
| Fireplace | No |
| Primary Suite On Main floor | No |
Exterior of 300 Pine Ridge Drive
| Roof | Shingle |
|---|---|
| Construction | Brick, Wood Siding |
Additional Information On 300 Pine Ridge Drive
| Date Listed | February 5th, 2026 |
|---|---|
| Zoning | R3 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details On 300 Pine Ridge Drive
| Office | HomeLand Real Estate Inc - Mt Sterling |
|---|