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Former Drugstore Redevelopment
For Sale
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Pending

408 N Morgan St, Morganfield, KY 42437

Vacant 11,057-square-foot drugstore building formerly operating as a Rite-Aid/Walgreens location.

Property Size11,057 SF
Days on Market124

Property Features for 408 N Morgan St

General Information

Standard status Pending
Size 11,057 SF
Property subtype Retail
Listing Agency: Oakline Commercial Real Estate
Listed By: Scott Ryan · License #TX 475792
Source: Crexi
Added: Apr 11 Changed: Aug 10 Last Checked: Aug 12 at 11:29AM

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 Oakline Commercial Real Estate

Investment Insights

Based on property information with market context.

This 11,057-square-foot retail building was formerly used as a Rite-Aid/Walgreens store and is currently vacant. The property is being marketed for creative redevelopment business purposes and is also available for lease.

The building is located on North Morgan Street in Morganfield, Kentucky. It is approximately 2 miles from Route 56 in Western Kentucky, and Route 56 crosses the Ohio River and continues into Missouri as Route 13.

Key Highlights

  • 11,057‑square‑foot building formerly operating as a Rite‑Aid/Walgreens drugstore
  • Vacant property on North Morgan Street in Morganfield, Kentucky
  • Located roughly 2 miles from Route 56 in Western Kentucky

Property Analytics

Current Use

Drug stores

Suggested Use

Top Pick Real Estate Agency HVAC Service Electrical Service Building Supply Plumbing Service Kitchen & Bath Showroom

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

322
Businesses Nearby
Well-served
Demand for This Use

Demographics for 42437, KY

7,422
Population
3,108
Households
2.4
Avg Household Size
39
Median Age
14%
College-Educated
92%
High-School Grad
169.1 sq mi
ZIP Area
44
Density / Sq Mi
$64,464
Median Household Income
$37,762
Median Earnings
$827
Median Rent
$126,900
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
Rey
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Similar Off Market Nearby

  • Clements Discount Drugs 225 N Morgan St, Morganfield, KY 42437
  • Walmart Pharmacy 901 US-60, Morganfield, KY 42437
  • Fischbeck's Pharmacy 131 S Morgan St, Morganfield, KY 42437
  • George Mouser 901 US-60 E, Morganfield, KY 424376603

Frequently Asked Questions

What type of property is this?
Drug store - Vacant 11,057-square-foot drugstore building formerly operating as a Rite-Aid/Walgreens location.
Where is this drug store located?
The property is located at 408 N Morgan St Morganfield, KY.
What are key features of this property?
This property features: 11,057‑square‑foot building formerly operating as a Rite‑Aid/Walgreens drugstore; Vacant property on North Morgan Street in Morganfield, Kentucky; Located roughly 2 miles from Route 56 in Western Kentucky
More about this property
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