1.1 AC Retail Lot

120 Pinecrest Road Morehead, KY 40351

120 Pinecrest Road, Morehead, KY, 40351
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FOR LEASE
Property Type:
Other Land
Last Verified:
Dec 22, 2024

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Highlights

  • 1.1 AC lot with 1,580 SF building
  • Situated in front of Pinecrest Plaza just off Flemingsburg Road near I-64 at Exit 137 at a signalized intersection
  • Located across from new Starbucks and St. Claire Urgent Care
  • 25 existing parking spaces
  • Pole signage available
  • Layout includes lobby, 3 private offices, breakroom, two restrooms and unfinished basement
  • Retailers in the immediate area include Tractor Supply, Kroger, Lowes, Big Lots, Burke's Outlet, Cracker Barrel, Hardees, Reno's and Bargain Hunt
  • Traffic count of +/-28,855 ('22) on Flemingsburg Road near the site
  • Zoned B-2, Highway Business (https://bit.ly/MoreheadKYZoning)
  • Rental Rate: $5,000 per month NNN

Description

NAI Isaac is pleased to present 1.1 AC lot for lease in Morehead, Kentucky. Great location just off Flemingsburg Road near I-64 at Exit 137.

The site is located just off Flemingsburg Road near I-64 at Exit 137. Morehead and Rowan County serve as a regional and economic development hub servicing over 100,000 people in health care, education, recreation and retail, boasting a strong workforce. The community is strategically located next to Interstate 64 in eastern Kentucky between Lexington, KY and Charleston, WV.

Building Size: 1580sq ft
Lot Size: 1.1 acres


Documents

120 Pinecrest Rd, Morehead
120 Pinecrest Rd Flyer
Morehead-Zoning.pdf

Units for Lease

Lot
Space Available: 47916 SF
Lease Type: NNN

Price Per Sqft/Month: $5000.00

Map of 120 Pinecrest Road, Morehead, KY, 40351

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.