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    OFF-MARKET
    Commercial real estate

    18309 Morehead Rd, Wallingford, KY 41093

    1,372 SF 2.12 ac lot
    Property ID
    US34-1559650
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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