301 W Mt Vernon Street Somerset, KY 42501
COMMERCIAL - Somerset, KY
Property Features for 301 W Mt Vernon Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- B-1
- Rooms
- Basement
- Basement
- Unfinished
- Standard status
- Active
- APN
- 061-4-8-33
- Size
- 1,302 SF
- Lot size
- 1.00 Acre
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
- Cooling system
- Electric, Heat Pump
Building Details
- Year built
- 1970
- Floors in Building
- 1
- Building materials
- Brick
Listing agent Susan W Alderdice (606) 305-1226
Listing office Lake Homes Realty 125 Murphy St, Benton, KY (866) 525-3466
Listing date Jan 30, 2026
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Investment Insights
Based on property information with market context.
The property includes a separate one-car garage and a basement with both interior and exterior access, providing additional storage or usable space. Zoning is listed as B-1.
Overall, the configuration supports multiple ways to utilize the space, with dedicated parking through the one-car garage and added room in the basement for storage or day-to-day use.
Key Highlights
- Brick building built in 1970 with residential or commercial flexibility within city limits
- Hardwood floors and a covered side porch
- Basement offers additional storage or usable space with both interior and exterior access
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $16.9k | $12.96 |
| − Vacancy | −$793 | −$0.61 |
| EGI | $16.1k | $12.35 |
| − OpEx | −$7.2k | −$5.56 |
| NOI | $8.8k | $6.79 |
