Commercial Property Near Lake Cumberland
311 Langdon Street Somerset, KY 42503
311 Langdon Street, Somerset, KY, 42503
$519,900
For Sale
$519,900
COMMERCIAL - Somerset, KY
Property Size3,287 SF
Lot Size0.60 Acres
Price / SF$158.17
Days on Market67
Property Features for 311 Langdon Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Standard status
- Active
- APN
- 061-4-1-28
- Size
- 3,287 SF
- Lot size
- 0.60 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Heat Pump (Heating)
- Cooling system
- Heat Pump
Listing Agency
Keller Williams Commonwealth - Somerset
(859) 721-2121
2835 S Highway US 27 Ste 232, Somerset, KY
Listed by
Nathanael Sears
(606) 425-6632
Added: May 14 Checked: Jul 19 at 5:06 am
MLS# 26010942
Copyright © 2026 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial real estate is located adjacent to Lake Cumberland Regional Hospital and one block from Highway 27. The building provides over 3,200 square feet of usable rentable space, along with a full finished basement for storage, operations, or expansion. The property is occupied by a national tenant with a lease in place, offering an investment opportunity for buyers seeking stable income in an established commercial area of Somerset. The property has ample parking, strong traffic counts, and visibility. Its location near the hospital, Highway 27, and surrounding medical and commercial businesses makes it a desirable commercial investment location. The lot size is 0.6 acres. The property is located in Somerset, KY.
Key Highlights
- Prime commercial location adjacent to Lake Cumberland Regional Hospital and one block from Highway 27.
- Currently occupied by a strong national tenant with an aggressive lease, providing stable income.
- Over 3,200 square feet of usable rentable space plus a full finished basement for storage or expansion.
Local Financial Insights For Office B
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 | $45.0k | $13.68 |
| − Vacancy | −$6.2k | −$1.89 |
| EGI | $38.8k | $11.79 |
| − OpEx | −$9.7k | −$2.95 |
| NOI | $29.1k | $8.84 |
3,287 SF · lease $13.68/SF/yr · vacancy 13.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$415.3K
$363.4K – $484.5K
NOI $29,071 @ 7.0% cap · market cap 5.59%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$560.0K
$490.0K – $653.3K
NOI $39,199 @ 7.0% cap · market cap 7.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Rotech of Somerset
Production Facility
Lovejoy Medical
Production Facility
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Prime commercial real estate near hospital with stable national tenant.
Where is this office building located?
The property is located at 311 Langdon Street Somerset, KY.
What is the asking price?
The asking price for this property is $519,900.
What are key features of this property?
This property features: Prime commercial location adjacent to Lake Cumberland Regional Hospital and one block from Highway 27.; Currently occupied by a strong national tenant with an aggressive lease, providing stable income.; Over 3,200 square feet of usable rentable space plus a full finished basement for storage or expansion.
