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Shopping Center with Retail Tenancy
For Lease
$23 SF/Yr

15 Viking Drive, Morehead, KY 40361

Commercially zoned retail center with multiple named occupants and available leasing opportunities.

Space SizeContact for details
Days on Market361

Property Features for 15 Viking Drive

General Information

Standard status Active
Property subtype Retail
Zoning COMMERCIAL
Lease Type NNN

Amenities

Power
Water
Sewer
Vacant

Building Details

Year Built 2023

Spaces For Lease

at 15 Viking Drive Contact us

Available Space $23/Mo

Contact us
Listing Agency: Sewell Commercial Brokerage; L
Listed By: Philip Sewell
Source: Kcrea.resimplifi
Added: Sep 5, 2025 Changed: Aug 30 Last Checked: Aug 30 at 1:02PM

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 Sewell Commercial Brokerage; L

Investment Insights

Based on property information with market context.

The 2023-built property offers two leasing opportunities within a 6,000 SF shopping center. Existing occupants include T-Mobile, KOI Suchi, which is scheduled to open in 2025, and ARC Rehabilitation Center. The property is zoned COMMERCIAL and provides a retail-oriented setting for prospective occupants.

The development is adjacent to a Walmart location and includes a Dollar Tree built in 2022. It is located in Morehead, Kentucky, a market with a population of nearly 8,000 and home to Morehead State University, Cave Run Lake, and Rowan County Senior High School. The property address is 15 Viking Drive, Morehead, KY 40361.

Key Highlights

  • Two leasing opportunities within a 6,000 SF shopping center
  • Built in 2023 and zoned COMMERCIAL
  • Existing occupants include T‑Mobile and ARC Rehabilitation Center

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick HVAC Service Law Firm Hair Salon Auto Parts Store Plumbing Service Grocery & Convenience 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.

Lease Details

NNN (Triple Net)
Lease Type
$3.45 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

8
Businesses Nearby
Well-served
Demand for This Use

Demographics for 40361, KY

18,214
Population
8,173
Households
2.2
Avg Household Size
42
Median Age
25%
College-Educated
87%
High-School Grad
257.1 sq mi
ZIP Area
71
Density / Sq Mi
$57,074
Median Household Income
$36,206
Median Earnings
$793
Median Rent
$216,700
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 - Commercially zoned retail center with multiple named occupants and available leasing opportunities.
Where is this shopping center located?
The property is located at 15 Viking Drive Morehead, KY.
What is the lease rate?
The lease rate is $23 SF/Yr.
What are key features of this property?
This property features: Two leasing opportunities within a 6,000 SF shopping center; Built in 2023 and zoned COMMERCIAL; Existing occupants include T‑Mobile and ARC Rehabilitation Center
More about this property
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