320 Silver Lake Drive, Mt Sterling, KY 40353
Silver Creek · Montgomery County
Key Facts
Description
Discover an exceptional opportunity to buy or lease prime waterfront commercial lots in the thriving community of Mount Sterling, Kentucky. Strategically positioned just off Maysville Road and I-64 at Exit 110, this 1.75-acre Class A commercial property offers unparalleled visibility and accessibility in Montgomery County. Can be subdivided into larger or smaller acreage lots at $425,000/acre. A total of 5.2 acres is available for sale or ground lease. Boasting a rare and coveted waterfront view, the entire property is accentuated by a stunning seasonal water fountain, creating an inviting ambiance for businesses and visitors alike. The site adjoins Comfort Inn & Suites, while Cattleman's Roadhouse, Cracker Barrel, Ramada Inn, Shell, Krystal, and People's Bank thrive within the same development, alongside approximately 200 residences. Hotel guests will enjoy the convenience of walking to your restaurant or other commercial venture. With the flexibility to subdivide the property, this versatile listing is currently zoned Highway Business B-2, and the seller welcomes a diverse range of developments, including restaurants, hotels, grocery stores, car dealerships, banks, credit unions, gas stations, car washes, and various other businesses. The location presents an ideal setting for a distillery, brewery, or strip shopping center, further enhanced by the wet territory designation, allowing for the sale of beer, wine, and liquor by the drink. Benefit from the availability of all essential utilities, including electric, water, sewer, natural gas, and broadband internet. The property's close proximity to CHI Saint Joseph Hospital Mount Sterling, a 42-bed medical facility, adds to its appeal and potential customer base. Seize this rare chance to own or lease a premier commercial property in a high-traffic, amenity-rich location, perfect for elevating your business vision to new heights. Schedule a showing to explore the endless possibilities that await at this Mount Sterling gem.
Property Information
Property Type
Land
Sub-Type
Unimproved Land
Lot Size
1.75 acres
Zoning
Other
MLS® Listing#
26015397
Property Features
Lot Features
Utilities
Financial Details
Parcel Number
023-40-01-021.02
Directions
Coming from Lexington: I-64 Exit 110, turn left off the off ramp then proceed approximately 0.3 of a mile to Silver Lake Drive, then turn left and the lot is located behind Cattleman's Roadhouse. This lot adjoins Ramada Inn.
Affordability Calculator
$149,000
Estimated monthly payment
$3,965/mo
Principal $596,000 · Est. interest $831,473 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Mt Sterling, KY
- $334,545
- Median Listing Price
- 52
- Median Days on Market
- 1,991
- Median Sq Ft
- $175
- Median Price / Sq Ft
- 190
- Active Listings
- This home’s price is 123% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Mt Sterling, KY.
Location
Points of Interest in Mt Sterling, KY
Showing the Mt Sterling area map.
Nearby Schools
Northview Elementary
Elementary · 0.7 mi away
Mapleton Elementary School
Elementary · 1.2 mi away
Christian Traditional School
School · 1.9 mi away
Montgomery County Area Technology Center
Secondary · 2.5 mi away
Montgomery County High School
Secondary · 2.6 mi away
Cunningham Field
School · 2.6 mi away
Montgomery County Schools
School · 2.8 mi away
McNabb Middle School
Secondary · 2.8 mi away
Mount Sterling Elementary School
Elementary · 2.9 mi away
Mt Sterling Christian School
School · 2.9 mi away
Camargo Elementary School
Elementary · 7.0 mi away
North Middletown Elementary School
Elementary · 9.3 mi away
Bath County High School
Secondary · 10.9 mi away
Owingsville Elementary School
Elementary · 11.0 mi away
Bath County Middle School
Secondary · 11.4 mi away
Grace Christian Academy Homeschool
School · 11.4 mi away
Conkwright Middle School
School · 12.3 mi away
William G. Conkwright Elementary
Elementary · 12.3 mi away
Willis H. Justice Elementary School
Elementary · 12.3 mi away
Central Elementary School
Elementary · 12.3 mi away
Commute Calculator
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Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 171 Preserves Blvd, Mt Washington, KY | $532,011 | 4 | 3 | 2,745 |
| 211 Preserves Blvd, Mt Washington, KY | $537,696 | 4 | 3 | 2,553 |
| 189 Meadow Rose Ln, Mt Washington, KY | $539,900 | 4 | 3 | 2,894 |
| 2371 Howards Mill Road, Mt Sterling, KY | $549,900 | 2 | 3 | 2,358 |
| 185 Meadow Rose Ln, Mt Washington, KY | $557,666 | 4 | 3 | 2,564 |
| 418 Hoagland Hill Rd, Mt Washington, KY | $565,000 | 3 | 3 | 4,400 |
Moving Cost Estimate
EXIT Agents in Mt Sterling
Listing Courtesy: Denniston Realty - 8594986309
Last Updated: 2026-06-30