300 Viking Dr Morehead, KY 40351
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 300 Viking Dr
- Property type
- Commercial real estate
- APN
- 044-00 00 075.20
- APU
- 44000007520
Description
This newly constructed, 5,600 square foot retail center in Morehead, Kentucky, presents a unique investment opportunity. Situated on a 0.91-acre lot at 300 Viking Drive, the property offers excellent visibility and accessibility. The building is designed to accommodate up to five tenants, providing flexibility for diverse business needs. A significant portion of the building is already partially finished as a medical office space, totaling approximately 3,600 square feet. This area is currently vacant and ready for immediate occupancy. An additional 2,000 square feet of shell space remains, offering the potential for further development. This space could easily be divided into two 1,000 square foot units, ideal for smaller businesses or expanding existing operations. The property's strategic location in Morehead, combined with its versatile layout and modern construction, makes it an attractive proposition for investors seeking strong returns. The asking price is $1,600,000. This represents a compelling opportunity to acquire a high-quality commercial property in a growing market. The property's utility infrastructure is fully equipped to support multiple tenants. Serious inquiries are encouraged to schedule a viewing and explore the possibilities this exceptional property offers.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $290,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $230,000
- 6.5%
- $250,000
- 7%
- $250,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $220,000
- Geo Method
- $250,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $275,000
- Retail
- $240,000
- Mixed-Use
- $270,000
- Hospitality
- $255,000
- Educational
- $255,000
- Residential Income
- $205,000
- Energy
- $225,000
- Income-Based Land
- $235,000
- Food Service
- $255,000
Location Insight
- Map
- Local Demand
- City
- Morehead
- County
- Rowan
- State
- Kentucky
- Longitude
- -83.4771
- Latitude
- 38.2028