FOR SALE | HIGH VISIBILITY I-64 LOT | MOREHEAD, KY

Vacant Land for Sale
Catylist Listing ID: 30704928
Property Subtypes: Retail-Pad
Gross Land Area: 0.87 Acres
Sale Price: $775,000
Unit Price: $890,804 Per Acre
In Opportunity Zone? Yes
Sale Terms: Cash to Seller, Build-to-Suit
Cap Rate: Undisclosed
Last Updated: 5/3/2021

Overview / Comments

.87 AC lot for sale or ground lease in Morehead. The site is located at Exit 137 at the southeast quadrant of I-64 and KY 32 in front of Hampton Inn, between Cracker Barrel and new Starbucks. Kroger, Walmart, Lowes and several hotels are located at this Exit. This will be the only Starbucks location within 40 miles. Additionally the site will capture the “town” side of Morehead with Morehead State University (+/-11,000 students) and St. Claire Hospital and Pavilion (159 beds) are located.

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Additional Details

Nearest MSA: Lexington-Fayette
County: Rowan
Submarket Type: Other
Tax ID/APN: 045-00 00 009.02
Zoning: B-2, HIGHWAY BUSINESS
Property Located Between: Starbucks and Cracker Barrel
Largest Nearby Street: I-64
Traffic/Vehicle Count: 29,809
Site Description: The site is located at the southeast quadrant of I-64 and KY 32 in front of Hampton Inn, between Cracker Barrel and new Starbucks and in front of Hampton Inn.
Area Description: Kroger, Walmart, Lowes and several hotels are located at this Exit. This will be the only Starbucks location within 40 miles. Additionally the site will capture the “town” side of Morehead with Morehead State University (+/-11,000 students) and St. Claire Hospital and Pavilion (159 beds) are located.

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 7,508 15,524
Median Age: 25.68 31.31
Households: 2,451 5,762

Contact

Photograph of Listing Agent

Jim Kemper

NAI Isaac KCREA Member
Photograph of Listing Agent

Paul Ray Smith

NAI Isaac KCREA Member
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