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Property profile

120 Pinecrest Dr Morehead, KY 40351

OFF-MARKET
Retail properties & Spaces
1,580 SF
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Property summary

AI-generated overview

This exceptional 1.1-acre commercial lot presents a unique investment opportunity in Morehead, Kentucky. Located at 120 Pinecrest Dr, this property boasts a highly visible location just off Flemingsburg Road, providing easy access to Interstate 64 (Exit 137). The single-tenant building on the site offers 1,580 square feet of retail space, ideal for a variety of businesses. The B-2, Highway Business zoning allows for diverse commercial uses, capitalizing on the strong regional economy of Morehead and Rowan County. This area serves a population exceeding 100,000, with a robust workforce concentrated in healthcare, education, recreation, and retail sectors. Its strategic location between Lexington, KY, and Charleston, WV, ensures high traffic volume and excellent visibility. The property's size and zoning make it suitable for expansion or redevelopment, offering significant potential for growth and return on investment. This is a rare opportunity to acquire a prime retail lot in a thriving Kentucky community. The property is zoned B-2, Highway Business, ensuring flexibility for a wide range of commercial ventures. Don't miss this chance to establish your business in a high-traffic, strategically located area.

Property profile

Verified
Property type Retail properties & Spaces
Total area 1,580 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

120 Pinecrest Dr Morehead, KY 40351
Morehead metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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