Land for Sale in Morganfield, Kentucky

A PART OF THIS PROPERTY IS UNDER CONTRACT. CONTACT AGENT. Located on the outskirts of Morganfield, this 13.08-acre investment property offers an established income-producing mobile home park combined with significant expansion potential and existing infrastructure already in place for future development. The property presents multiple opportunities for investors seeking immediate cash flow, additional rental development, or long-term commercial growth. The property consists of three separate but adjoining lots, creating flexibility for both current operations and future expansion. The main trailer park containing the existing infrastructure and occupied units sits on approximately 2.83 acres. Adjoining the park is an additional 10.15-acre tract that offers substantial room for future development, while a separate 0.10-acre lot located across from the main park area provides another potential homesite or investment opportunity. The current mobile home park includes three occupied trailers generating approximately $3,000 per month in gross rental income, providing an existing revenue stream from day one. A fourth trailer is already positioned on-site and prepared for connection, with water and septic stubbed in place and access available to the existing power bank. Once connected and occupied, the additional unit offers immediate opportunity to further increase monthly income. Adjacent to the current occupied section, the property includes another power bank for four meters, and four stubbed sewer connections ready for additional homes. A four-meter bank for water has also been installed, making this section essentially move-in ready. Beyond that, three additional four-meter power banks have already been installed, representing a substantial infrastructure investment estimated around $80,000. Much of the groundwork associated with utility installation and future expansion has already been completed, potentially reducing development costs and timelines for future improvements. Behind the existing trailer park sits approximately 10 additional acres that create flexibility for a variety of future uses. The acreage may support continued expansion of the mobile home park or other development opportunities such as duplexes, multi-family housing, storage buildings, RV park, or additional income-producing structures. The combination of usable acreage and installed infrastructure creates multiple pathways for future investment strategies. Positioned directly across from the main trailer park area is an additional residential lot included with the property. This lot may provide another opportunity for residential construction, an additional mobile home site, rental housing, or other approved uses depending on a buyer's intended plans. Offered at $385,000, the property combines current rental income with substantial future upside potential. Based on the current gross rental income of approximately $36,000 annually, the property is already producing income while still offering considerable room for expansion. The addition of the fourth trailer and future development of remaining utility-ready sites only further increase revenue potential over time. The existing infrastructure, utility capacity, and additional acreage create opportunities that are increasingly difficult to find in a single property. Investors seeking a property with both current income and room for future development may find value in the flexibility and infrastructure already established here.