2701 KY Highway 801 N - Showroom FOR SALE


Morehead, KY 40351
$850,000 USD
502-229-3378
2701 KY Highway 801 N, Morehead, KY for Sale
$850,000 USD
Showroom - FOR SALE
1/17
null | 9% Cap Rate

2701 KY Highway 801 N
Morehead, KY 40351


OVERVIEW

Discover an exceptional investment opportunity with this approximately 1-acre commercial lot, strategically located in a high-traffic area. This property is anchored by a 15-year lease, set to accommodate a proposed 3,000 square-foot commercial building featuring a convenient drive-through, ideal for a variety of retail or service-oriented businesses. Current Lease is for a medical cannabis company. With a strong cap rate of approximately 9%, this investment promises attractive returns. Rent bumps are structured for growth, with an 8% increase every five years, ensuring your investment keeps pace with market trends and inflation. This lot presents a unique chance to secure a prime location with a long-term tenant in place, poised for success. Don’t miss out on this lucrative commercial opportunity—contact us today for more details!

FOR SALE DETAILS

PRICE

$850,000 USD

PRICE/SF

$283 USD /SF

CAP RATE

9%

% LEASED

-

TENANCY

Single

STATUS

Proposed

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Commercial Building and Land For SALE off I64

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Showroom

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

-

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

5.91

LAND SF

257,440

ZONING

-

APN/PARCEL ID

012-00-00-015.00

ASK ABOUT THIS PROPERTY

Tamara HurstsimpliHOM KentuckyMore Info
502-229-3378

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Tamara HurstsimpliHOM KentuckyMore Info
502-229-3378

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.