300 Viking DrMorehead, KY 40351

For Sale
$1,600,000

Prime Retail Space, High Growth Area

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional 5,600 square foot shopping center, located at 300 Viking Drive in Morehead, Kentucky, presents a compelling investment opportunity. The newly constructed building sits on a 0.91-acre lot and offers significant potential for immediate income and future expansion. Currently, the property features 2,500 square feet of finished medical office space, ready for occupancy, and an additional 3,000 square feet of shell space. This adaptable shell space can be easily divided into up to three separate units, catering to a variety of retail or commercial tenants. The asking price is $1,600,000, translating to $285.71 per square foot. The property's location in Morehead, Rowan County (zip code 40351), provides excellent visibility and accessibility. The building's infrastructure is designed to accommodate up to five tenants, offering flexibility and scalability for future development. This is a rare opportunity to acquire a modern, versatile retail center in a thriving Kentucky market. The property's current configuration, with a mix of finished and shell space, allows for immediate income generation while providing the potential for significant future value appreciation through lease-up and further development. This is an ideal investment for those seeking a strong return on investment in a growing community. All utilities are available.

Highlights

  • 5,600 SF shopping center on 0.91-acre lot in Morehead, KY.
  • Newly constructed building with 2,500 SF of finished medical office space and 3,000 SF of shell space.
  • Adaptable shell space divisible into up to three units for retail or commercial tenants.
  • Asking price: $1,600,000 ($285.71/SF).
  • Excellent visibility and accessibility in Morehead, Rowan County (zip code 40351).
  • Infrastructure accommodates up to five tenants.

Property Details for 300 Viking Dr

Property type
Lifestyle centers, Power centers
Square Feet
5,600 SF
Lot Size (sq. ft)
39,640 SF

Location Insight

City
Morehead
County
Rowan
State
Kentucky
Latitude
38.1992366
Longitude
-83.479681
300 Viking Dr, Morehead, Kentucky

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300 Viking Dr
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