18309 Morehead Rd, Wallingford, KY 41093
This versatile 1,372 sq ft commercial building is strategically located on KY-32, just three miles from Morehead, Kentucky. Boasting 178 feet of road frontage, as per survey, this property offers exceptional visibility and accessibility. Situated on a 2.12-acre lot, it includes a spacious parking area, ensuring ample space for customers and employees. The building's design lends itself to a variety of commercial uses, or even residential conversion, making it an attractive investment opportunity. Its prime location benefits from significant traffic flow between Morehead and Fleming County, guaranteeing high exposure. The property's potential is further enhanced by the possibility of owner financing, offering flexible payment options for prospective buyers. Interested parties are encouraged to inquire about leasing or rental possibilities. Directions: From Morehead, proceed on Highway 32 towards Fleming County. The property will be visible on the right after approximately three miles. The property is owned by an LLC.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
2 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.