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Prime Retail Space Near I-64
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250-364 Pinecrest Drive, Morehead, KY 40351

Shopping center with available spaces in Morehead, Kentucky.

Property Size178,448 SF
Days on Market275

Property Features for 250-364 Pinecrest Drive

General Information

Standard status Active
Size 178,448 SF
Lease Term NNN

Building Details

Building Size 178,448 SF

Properties For Sale

at 250-364 Pinecrest Drive Contact us

Suite 356

Size
20,125 SF
Term
Negotiable
Contact us

Suite 360

Size
5,200 SF
Term
Negotiable
Contact us

Suite 304

Size
1,200 SF
Type
Office Building
Term
Negotiable
Contact us

Suite 316

Size
1,200 SF
Type
Strip Center
Term
Negotiable
Contact us

Suite 332

Size
2,500 SF
Type
Strip Center
Term
Negotiable
Contact us

Suite 362

Size
1,750 SF
Term
Negotiable
Contact us
Listing Agency:
Listed By: Zach Smith, CCIM · License ##183529
Source: Naiglobal
Added: Nov 21, 2025 Changed: Aug 8 Last Checked: May 11 at 7:20AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Zach Smith, CCIM

Investment Insights

Based on property information with market context.

Located at the corner of I-64 and KY 32, Pinecrest Plaza in Morehead, Kentucky, offers leasing opportunities. The shopping center is situated near Kroger, Walmart, Lowe's, and several hotels at Exit 137. Morehead and Rowan County function as a regional economic hub, serving over 100,000 people in healthcare, education, recreation, and retail. The community benefits from its location next to Interstate 64 in eastern Kentucky, between Lexington, KY, and Charleston, WV. The shopping center spans approximately 178,448 square feet and is anchored by Peddlers Mall, HomeBuys, and Tractor Supply. Small shop spaces ranging from approximately 1,200 to 5,200 square feet are available, along with an anchor space of approximately 20,125 square feet. The property is directly located off I-64 at Exit 137, at the intersection of Flemingsburg Road (KY 32) and I-64, with a combined traffic count of approximately 52,289 vehicles per day. Area retailers include Kroger, Walmart, Lowe's, Five Below, Bealls, Cracker Barrel, Starbucks, and McDonald's. Morehead State University, with an enrollment of approximately 8,700 students and 419 employees, is 3.5 miles away. St. Claire Regional Medical Center, the second-largest employer in the region with over 1,300 staff members and 159 beds, is 2.8 miles away.

Key Highlights

  • Excellent Location: Directly off I‑64 at Exit 137, with high traffic count.
  • Part of a +\/-178,448 SF shopping center anchored by Peddlers Mall, HomeBuys and Tractor Supply.
  • Strong Regional Hub: Morehead serves as a regional economic hub servicing over 100,000 people.

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Auto Repair Shop Auto Parts Store Parking Lot & Garage Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

8
Businesses Nearby
Well-served
Demand for This Use

Demographics for 40351, KY

22,305
Population
9,497
Households
2.3
Avg Household Size
33
Median Age
27%
College-Educated
88%
High-School Grad
268.2 sq mi
ZIP Area
83
Density / Sq Mi
$51,110
Median Household Income
$26,278
Median Earnings
$775
Median Rent
$163,000
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Frequently Asked Questions

What type of property is this?
Shopping center - Shopping center with available spaces in Morehead, Kentucky.
Where is this shopping center located?
The property is located at 250-364 Pinecrest Drive Morehead, KY.
What are key features of this property?
This property features: Excellent Location: Directly off I‑64 at Exit 137, with high traffic count.; Part of a +\/-178,448 SF shopping center anchored by Peddlers Mall, HomeBuys and Tractor Supply.; Strong Regional Hub: Morehead serves as a regional economic hub servicing over 100,000 people.
More about this property
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