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    300 Viking Dr Morehead, KY 40351

    Sponsored
    For Sale
    $1,600,000

    Prime Location, High Potential, 5,600 SF

    Property size:
    5,600 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This newly constructed, 5,600 square foot retail center in Morehead, Kentucky, presents a unique investment opportunity. Situated on a 0.91-acre lot at 300 Viking Drive, the property offers excellent visibility and accessibility. The building is designed to accommodate up to five tenants, providing flexibility for diverse business needs. A significant portion of the building is already partially finished as a medical office space, totaling approximately 3,600 square feet. This area is currently vacant and ready for immediate occupancy. An additional 2,000 square feet of shell space remains, offering the potential for further development. This space could easily be divided into two 1,000 square foot units, ideal for smaller businesses or expanding existing operations. The property's strategic location in Morehead, combined with its versatile layout and modern construction, makes it an attractive proposition for investors seeking strong returns. The asking price is $1,600,000. This represents a compelling opportunity to acquire a high-quality commercial property in a growing market. The property's utility infrastructure is fully equipped to support multiple tenants. Serious inquiries are encouraged to schedule a viewing and explore the possibilities this exceptional property offers.

    Property Features for 300 Viking Dr

    General Information

    Property type
    Other commercial real estate
    Square Feet
    5,600 SF
    Lot Size
    39,640 SF

    Building Details

    Year Built
    2023
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Wholesale Shop Auto Repair Shop Auto Parts Store Tailor Shop Parking Facility

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Morehead
    County
    Rowan
    State
    Kentucky
    Longitude
    -83.47694
    Latitude
    38.20262

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Location, High Potential, 5,600 SF
    Where is this commercial real estate located?
    The property is located at 300 Viking Dr Morehead, KY.
    What is the asking price?
    The asking price for this property is $1,600,000.
    (859) 721-2121
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    300 Viking Dr Morehead, KY 40351
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    Morehead, KY 40351
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    300 Viking Dr Morehead, KY 40351
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