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    2040 U S 60 East

    Morehead, KY 40351
    • $395,000
    • STATUS: Active
    • ON SITE: 24 days
    • MLS #: 20101771
    UPDATED: 4 min ago
    $395,000
    • 0
      BEDS
    • 3.76
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    County:
    Area:

    School Ratings & Info

    Description

    Commercial Property with 2 storage buildings situated on approximately 3.76 Acres located on U.S. 60 East just minutes from University. The storage buildings contain a total of 10 storage units, six of which are leased on a year to year basis to Frito Lay(Pepsico). The four rear units are vacant(one of which is currently used for storage by a related party) and provide the opportunity for additional rental revenue. Frito Lay pays approx. $1,785. per month and has a 5 yr lease ending 10/31/21 with a 2 yr option to extend at $22,490. per annum and the tenant in the trailer pays approx. $165. per month.

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    The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Lexington-Bluegrass Association of Realtors Multiple Listing Service. Real estate listings held by IDX Brokerage firms other than Judd Hisel | Ciara Hagedorn | Better Homes & Gardens Real Estate Cypress are marked with the IDX logo and detailed information about them includes the name of the listing IDX Brokers. Information is deemed reliable but is not guaranteed accurate by the MLS or listing broker.
    www.comehometolex.com/homes/113805373
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    2040 U S 60 East Morehead, KY 40351

    • Price: $395,000
    • Status: Active
    • Updated: 4 min ago
    • MLS #: 20101771
    0
    Beds
    0
    Baths
    0
    ½ Baths
    3.76
    Acres
    Neighborhood:
    Rural
    County:
    Rowan
    Area:
    Rowan County
    Property Description
    Commercial Property with 2 storage buildings situated on approximately 3.76 Acres located on U.S. 60 East just minutes from University. The storage buildings contain a total of 10 storage units, six of which are leased on a year to year basis to Frito Lay(Pepsico). The four rear units are vacant(one of which is currently used for storage by a related party) and provide the opportunity for additional rental revenue. Frito Lay pays approx. $1,785. per month and has a 5 yr lease ending 10/31/21 with a 2 yr option to extend at $22,490. per annum and the tenant in the trailer pays approx. $165. per month.
    Exterior Features

    Construction Vinyl Dock Doors 0 Drive In Doors 0 Lot Expansion Sq Ft 0 Parking 11 - 20 Spaces Roof Type Metal Stories One

    Interior Features

    Elevator Capacity 0 Floors Serviced 0 Restrooms Mens 0 Restrooms Womens 0 Sq Ft Building 0 Sq Ft Common Area 0 Sq Ft Gross Leasable 0 Sq Ft Office 0 Sq Ft Retail 0 Sq Ft Warehouse 0 Water Heater Size 0

    Property Features

    Adv License And Permit 0 Annual Rent 0 Building Expansion Sq Ft 0 Cash Flow Before Tax 0 Ceiling Height 0 Credit Losses And Vacancy 0 Current Zoning None Electric 0 Elevator Services 0 Fuel Expense 0 Gas Pipe Size 0 Gross Operating Income 0 Gross Scheduled Rent Income 0 Janitorial Services 0 Land Lease 0 Lawn Services 0 Less Operating Expense 0 Net Operating Income 0 Occupancy 0 Occupant Type Tenant Other Income 0 Payroll 0 Personal Property Taxes 0 Possession Close Of Escrow Property Insurance 0 Property Management 0 Property Subtype1 Other Real Estate Taxes 0 Repairs And Maintenance 0 Rubbish Services 0 Sale Or Lease Includes BuildingsLand Sewer Septic Tank Sewer And Water 0 Tax Rate .902 Telephone 0 Terms Sale Total Annual Debt Service 0 Total Gross Income 0 Total Operating Expense 0 Utilities On Site Electricity Connected Water Pipe Size 0 Year Built Exception Unknown

    Listing provided courtesy of Sue Mcclurg of Re/Max All Star. Listing information © 2021 LBAR Multiple Listing Service. All rights reserved.
    The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Lexington-Bluegrass Association of Realtors Multiple Listing Service. Real estate listings held by IDX Brokerage firms other than Judd Hisel | Ciara Hagedorn | Better Homes & Gardens Real Estate Cypress are marked with the IDX logo and detailed information about them includes the name of the listing IDX Brokers. Information is deemed reliable but is not guaranteed accurate by the MLS or listing broker.
     
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    Judd Hisel | Ciara Hagedorn | Better Homes & Gardens Real Estate Cypress
    3221 Summit Square Place, Suite 200
    Lexington KY, 40509