Property profile

18309 Morehead Rd Wallingford, KY 41093

OFF-MARKET
Commercial real estate
Property ID
US34-1559650
1,372 SF 2.12 ac lot
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Commercial real estate
Total area 1,372 SF
Lot 2.12 ac (92,347 SF)
UPID US34-1559650

Cap rate & NOI

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

Location

18309 Morehead Rd Wallingford, KY 41093
Wallingford 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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