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- LoopNet Team
2705 Kentucky HWY801 N
Morehead, KY 40351
Prime Land with Bldg and 15-year Lease · Land For Sale
·
5.91 AC
INVESTMENT HIGHLIGHTS
- High-Traffic visibility off KY 801
- 9% Cap with rent increases every 5 years 8%
- 15 year Lease in Place
- Growing area (Cave Run Lake, Eastern Light Distilling, airport, Guard Readiness Center, AppHarvest, New Liberty Mart, Comfort Inn, various retail
PROPERTY FACTS
| Property Type | Land | Total Lot Size | 5.91 AC |
| Property Subtype | Commercial | No. Stories | 1 |
| Proposed Use | |||
| Zoning | Flex - Zoning is Flexible with Seller Restrictions | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 5.91 AC |
| No. Stories | 1 |
| Zoning | Flex - Zoning is Flexible with Seller Restrictions |
DESCRIPTION
This (1-1+ acre) lot boasts convenient access to I-64, ensuring excellent visibility and accessibility for clients. With the option to purchase individually or as a bundle with another lot ($350-450K extra), seize the opportunity to tailor your investment strategy to suit your needs. Price listed is for a 1.07 acre lot pending construction of 3,000 sq ft commercial building being built to suit an executed 15-year lease for medical cannabis tenant. There are two 5-year options on the lease as well. Don't miss your chance to secure a foothold in this dynamic commercial landscape. Contact us today to explore the possibilities and make your mark in Rowan County, Morehead, KY.
PROPERTY TAXES
| Parcel Number | 012-00-00-015.00 | Improvements Assessment | $0 |
| Land Assessment | $335,919 | Total Assessment | $335,919 |
PROPERTY TAXES
