Building Details

Building Size 8,463 SF

Listing Agency: NAI Isaac

Listed By: Zach Smith, CCIM Show Phone

Source: Naiisaac

Added: May 19 Changed: Sep 8 Last Checked: Sep 8 at 6:25AM

Report an Issue

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 NAI Isaac

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

A freestanding retail/flex building offered for lease featuring a roll-up garage door and a secured storage area, along with a large wraparound front exterior patio and a monument signage position. The property provides direct ingress and egress from Flemingsburg Road and is suited for an owner occupant or private investor, with approximately 8,463 square feet on about 1.198 acres.

The site is located on Flemingsburg Road (KY 32) near I-64 at Exit 137, with an estimated daily traffic count of approximately 28,905 vehicles per day in front of the property. It is adjacent to Ace Hardware.

Regional retailers in the area include Walmart, Kroger, Lowes, Burkes Outlet, Starbucks, and Cracker Barrel. Morehead State University is about 3.5 miles away, and St. Claire Regional Medical Center is about 2.8 miles away.

Key Highlights

• +/-8,463 SF freestanding retail/flex building on +/-1.198 AC on Flemingsburg Road (KY 32)
• Direct ingress/egress from KY 32 with daily traffic count of +/-28,905 VPD in front of the site
• Location near I‑64 at Exit 137, less than 1 mile from the interchange

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Auto Repair Shop Real Estate Agency Pharmacy Hair Salon Storage Facility Garden Center

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

Lease Details

28,905 VPD

Traffic count

Yes

Highway access

Yes

Paved road access

NNN (Triple Net)

Lease Type

$1.91 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

231

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

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 Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Similar For Rent Nearby

See more

Shopping Center with Retail Tenancy

15 Viking Drive, Morehead, KY 40361

$23 SF/Yr

6,000 sqft

View details

Anchored Shopping Center

250 Pinecrest Dr, Morehead, KY 40351

$14-$20 SF/Yr

178,448 sqft

View details

Drive-Through Restaurant Space

1690 Flemingsburg Rd, Morehead, KY 40351

$18 SF/Yr

2,382 sqft

View details

Regional Center with Highway Access

I 64 & Sr 32, Morehead, KY 40351

Contact for pricing

View details

Frequently Asked Questions

What type of property is this?

Flex space - Freestanding retail/flex building with roll-up garage door, secured storage, and wraparound patio on KY 32 near I-64.

Where is this flex space located?

The property is located at 1490 Flemingsburg Rd Morehead, KY.

What is the lease rate?

The lease rate is $12.76 SF/Yr.

What are key features of this property?

This property features: +/-8,463 SF freestanding retail/flex building on +/-1.198 AC on Flemingsburg Road (KY 32); Direct ingress/egress from KY 32 with daily traffic count of +/-28,905 VPD in front of the site; Location near I‑64 at Exit 137, less than 1 mile from the interchange