259 Old Flemingsburg Road, Morehead, KY 40351

$950,000

Property Type: Commercial Sale Square Footage: 11,128 Lot Size (sq. ft.): 110,207 Status: Closed

Current Price: $950,000 List Date: 2/12/2014 Last Modified: 9/03/2025

Overview

Description

Great income-producing property in high-traffic location with extra land for future development. In walking distance of St. Claire Regional Medical Center and Center for Health, Education & Research building. Copies of current leases in Document Section. PROPERTY INFORMATION:259 & 303 OLD FLEMINGSBURG ROAD MOREHEAD, KY 40351 259 Old Flemingsburg Rd.- Building: Orig. built for daycare. 7128 square feet. Construction: Block, Brick & Aluminum Ceiling Height: 9' Total Rooms: 21 Bathrooms: 11 w/3 handicapped accessible HVAC: 4 Furnaces currently leased for $6,833 monthly with Lessees responsible for utilities. 303 OLD FLEMINGSBURG RD. BUILDING: Built in 1999. Square Feet: 4,000 Construction: Block, Brick & Aluminum Orig. built for Restaurant. Currently leased for $4,333 monthly with Lessees responsible for utilities Total Land: 2.53 Acres Paved Parking for 60 automobiles. All City Utilities Available. Currently Zoned P-1

Listing Details MLS# 54264

Listing Information

Property Sub Type: Office

Status Change Information

Price Change Timestamp: 2014-07-17T23:51:34Z
Status Change Timestamp: 2014-07-17
Purchase Contract Date: 2014-06-12
Close Date: 2014-07-17
Close Price: 950000
Buyer Financing: Cash

Address

County: Rowan
Street Number: 259
Street Name: Old Flemingsburg
Street Suffix: Road
Street Suffix Modifier: 303
State: KY
Zip Code: 40351

Contract

Original List Price: 1350000
Start Showing Date: 2014-02-10
Listing Contract Date: 2014-02-10
Listing Agreement: Exclusive Right To Sell
Owner Name: JAM, Inc.
Occupant Type: Tenant
Office Exclusive YN: No
SP/LP: 0.7

Tax Legal

MLS Area Major: 061 - Rowan County

Interior

Living Area: 11128

More Information

Parking Information

Parking Total: 56

Building

Year Built: 2002
Stories Total: Yes

Lot

Lot Size Acres: 2.53
Lot Size Square Feet: 110206.9
Road Frontage Feet: 166

Utilities

Cooling YN: Yes
Electricity Available: Yes
Natural Gas Available: Yes
Phone Available: Yes
Sewer Connected: Yes
Water Available: Yes

Remarks

Public Remarks: Great income-producing property in high-traffic location with extra land for future development. In walking distance of St. Claire Regional Medical Center and Center for Health, Education & Research building. Copies of current leases in Document Section. PROPERTY INFORMATION:259 & 303 OLD FLEMINGSBURG ROAD MOREHEAD, KY 40351 259 Old Flemingsburg Rd.- Building: Orig. built for daycare. 7128 square feet. Construction: Block, Brick & Aluminum Ceiling Height: 9' Total Rooms: 21 Bathrooms: 11 w/3 handicapped accessible HVAC: 4 Furnaces currently leased for $6,833 monthly with Lessees responsible for utilities. 303 OLD FLEMINGSBURG RD. BUILDING: Built in 1999. Square Feet: 4,000 Construction: Block, Brick & Aluminum Orig. built for Restaurant. Currently leased for $4,333 monthly with Lessees responsible for utilities Total Land: 2.53 Acres Paved Parking for 60 automobiles. All City Utilities Available. Currently Zoned P-1

Building and Property Details

Maximum Ceiling Height: 9

Income and Expenses

Total Actual Rent: 133999

Tax & Legal

Zoning Description: P-1 Public
Directions: 259 Old Flemingsburg Road just off KY 32.

Association/Community

Number Of Buildings: 2

Construction Materials

Aluminum Siding: Yes
Block: Yes
Brick: Yes
Steel Frame: Yes

Possession

Close Of Escrow: Yes

Roof

Flat: Yes

Special Listing Conditions

Standard: Yes

Water Heater

Water Heater: Yes

Building Features

Tile/Brick Floor: Yes

Business Type

Professional/Office: Yes

Ceiling

Dropped: Yes

Docks

None: Yes

Existing Lease Type

Gross: Yes

Sale Includes

Building(s): Yes
Land: Yes

Tenant Pays

Electricity: Yes
Gas: Yes
Interior Maintenance: Yes
Sewer: Yes
Trash Collection: Yes
Water: Yes

Documents

Survey: Yes

Property Features

Utilities: Electricity Available; Natural Gas Available; Phone Available; Sewer Connected; Water Available; Electricity Available; Natural Gas Available; Phone Available; Sewer Connected; Water Available Building Features: Tile/Brick Floor Business Type: Professional/Office Ceiling: Dropped Construction Materials: Aluminum Siding; Block; Brick; Steel Frame Docks: None Existing Lease Type: Gross Possession: Close Of Escrow Roof: Flat Sale Includes: Building(s); Land Special Listing Conditions: Standard Tenant Pays: Electricity; Gas; Interior Maintenance; Sewer; Trash Collection; Water Water Heater: Water Heater Documents: Survey

Listing Office: C Roger Lewis Agency

Last Updated: September - 03 - 2025

Information deemed reliable but not guaranteed.