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.